Singapore’s digital bank Trust reaches 100,000 customers

Users were aged 18 to over 90 years old, Trust Bank said.

Digital-only lender Trust Bank announced that it has reached 100,000 customers within 10 days since launching on 1 September.

“We are incredibly grateful to our customers for the response they have given us since our launch. This is just the beginning and we are excited to improve the Trust experience through our deepening partnership with our community,” Dwaipayan Sadhu, CEO of Trust, said on reaching the milestone.

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Sign-ups were received from a diverse range of users in Singapore aged 18 to over 90, Trust Bank said.

The digital lender–backed by Standard Chartered and the FairPrice Group–currently offers a credit card, savings account and family personal accident insurance. It has combined its services with Link Rewards, the rewards and loyalty programme integrated with the FairPrice Group ecosystem.

Trust shared that it has also made several updates to the app based on customer feedback as it continues to build its user experience around their needs.