Daily Briefing: London fintech Revolut debuts in Singapore; Gojek Singapore to expand services

And here are the top banking jobs that pay over $10,000.

From e27:

London-based fintech firm Revolut has officially operated in Singapore after a year of beta testing in the country. It will be made available in the country starting with more than 30,000 customers who have used the service.

Revolut provides customers means to spend in over 150 currencies and transfer money overseas at the real exchange rate without hidden fees, as well as hold and exchange 14 currencies in the app.

These include the Singapore Dollar, U.S. Dollar, British Pound, Euro, and Australian Dollar. Revolut said it intends to launch an additional 14 currencies in the coming months, including Indian Rupees, Philipino Pesos, and Malaysia Ringgit.

Read more here.

From CNA:

Gojek is looking to expand its range of services in Singapore, said the Indonesian ride-hailing giant’s new leadership, but will take a "fairly deliberate approach" when doing so. As a start, Singapore users can expect “a lot more features on the transportation side” sometime within the next quarter, according to its co-CEO Kevin Aluwi.

He said this is because its rival Grab, which operates in eight Southeast Asian countries and is based in Singapore, is "a lot more entrenched" here.

“We definitely do have plans to launch other products in addition to transportation,” he said, when asked about the firms' plans for the Singapore market.

Together with co-CEO Andre Soelistyo, Mr Aluwi - who founded Gojek with former CEO Nadiem Makarim - spoke to international media via phone conferencing from Gojek’s Jakarta headquarters.

Read more here.

From eFinancialCareers:

Global markets and investment banking jobs topped the list of banking jobs in Singapore that paid a monthly salary of at least $10,000. Associates in M&A, capital markets and trading in Singapore can potentially take home more than $15,000 a month.

Whilst demand for generalist compliance professionals has fallen in Singapore recently, it remained strong for anti-money laundering specialists, resulting in top-performing AML associates receiving $12,200 salaries.

The list averaged out associate pay in mainstream banking functions across salary surveys from five recruitment agencies in Singapore. The maximum figures from each firm’s associate-level pay range were used.

Read more here.

Image from Revolut's website