Singapore's Gulf Bank launches personal banking services to support the global digital economy.

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19 hours ago

Singapore Gulf Bank Launches Personal Banking Services to Support the Global Digital Economy

As the first and only regulated bank in the Middle East and North Africa region to offer fully remote digital account opening services for global investors, innovators, and institutions, Singapore Gulf Bank (SGB) has officially launched personal banking services. The bank is supported by the Bahrain sovereign wealth fund Mumtalakat and the private investment group Whampoa Group from Singapore.

Singapore Gulf Bank provides a comprehensive range of payment solutions, including wire transfers, debit card, and cryptocurrency payment channels, and offers convenient access to traditional and digital asset investments, particularly unique investment opportunities in Asia and the Middle East and North Africa region. This is the first time millions of individuals worldwide can open accounts remotely and utilize integrated traditional and digital asset banking solutions. Following the successful launch of corporate banking services in November 2024, which received a strong market response, SGB has now expanded its service offerings to global individual clients.

Under the comprehensive regulation of the Central Bank of Bahrain, SGB is committed to meeting the needs of modern global citizens:

  • Breaking Traditional Banking Limitations: Most banks do not provide services to individuals participating in digital assets. SGB offers unified banking services for cryptocurrency-native users and clients interested in cryptocurrencies, achieving seamless integration between digital finance and traditional finance.
  • Addressing Cross-Border Complexity: SGB supports and simplifies international payments through wire transfers, SGB-issued debit cards, and cryptocurrency payment channels, providing extensive foreign exchange support to meet overseas education expenses, travel, and global business needs.
  • Meeting the Demand for Fiat and Cryptocurrency Exchange: Through direct connections with top licensed trading platforms and exchanges, SGB supports instant, secure, and seamless conversions between fiat and cryptocurrencies.
  • Global Asset Allocation: Clients will gain access to diversified global investment opportunities covering traditional and digital assets, including high-yield savings and fixed deposit accounts, as well as unique investment opportunities in Asia and the Middle East and North Africa region.

SGB offers comprehensive and innovative services to participants in the global digital economy, including remote workers, digital nomads, self-employed traders, and high-net-worth individuals. Currently, SGB is gradually opening registration, accepting applications only from invited users in response to the enthusiastic market reaction.

Upholding a compliance-first philosophy, SGB is pioneering a new era in banking, enabling everyone to easily access and manage digital and traditional assets within an integrated network, driving the next billion users to participate in future finance.

About SGB

SGB is the first licensed bank in Bahrain to provide services to global investors, innovators, and institutions. As a bank focused on the digital economy, SGB is dedicated to achieving seamless integration between digital finance and traditional finance, providing financial connectivity in Asia and the Middle East and North Africa region.

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