# MariBank Singapore

> Source: https://docs.barcoder.ai/docs/wallets/maribank-sg
> research date 2026-05-30 · extracted at 2026-10-07
> Publisher: Barcoder — encyclopedia of QR, barcode and payment-code standards

Specifications:
- [MariBank Singapore — official](https://www.maribank.sg/)

## Overview

**MariBank Singapore** is Sea Limited / Monee Group subsidiary + **MAS Singapore digital full bank DFB license** + **Sep 1 2022 Singapore DFB DFW launch** + **Aug 18 2023 Singapore retail launch invite-only basis** + **S$75M Sea capital injection 2025 + May 2025 Sea adds US$78M to MariBank's capital base lifting paid-up capital to ~US$639M** + **first Singapore digital bank to offer remittances to retail + SME customers (10 currencies + 13 countries)** <sup>[1][1], [2][2], [Singapore report](https://docs.barcoder.ai/docs/payments/SG)</sup>. **2025 baseline**: MariBank Singapore Sep 1 2022 Singapore DFB DFW launch + Aug 18 2023 Singapore retail launch invite-only basis + S$75M Sea capital injection 2025 + May 2025 Sea adds US$78M to MariBank's capital base lifting paid-up capital to ~US$639M; **MariBank broadened its business beyond core savings and payments, moving into SME lending and gold-linked investment products** distinctive Singapore digital bank product expansion.

**Distinctive MariBank Singapore positioning**:
- **Sea Limited / Monee Group subsidiary** (NYSE: SE; Sea Group Shopee + Garena + SeaMoney/Monee ecosystem)
- **MAS Singapore digital full bank DFB license** (Sep 1 2022 Singapore DFB DFW launch + Aug 18 2023 Singapore retail launch invite-only basis)
- **S$75M Sea capital injection 2025 + May 2025 Sea adds US$78M to MariBank's capital base lifting paid-up capital to ~US$639M** distinctive Singapore digital bank Sea capital injection
- **First Singapore digital bank to offer remittances to retail + SME customers (10 currencies + 13 countries)** distinctive Singapore digital bank remittance pioneer
- **MariBank broadened its business beyond core savings and payments, moving into SME lending and gold-linked investment products** distinctive Singapore digital bank product expansion
- **MariBank launched new banking group in 2025 to expand digital banking services in Southeast Asia** distinctive Singapore digital bank Southeast Asian expansion
- **2025 Sea's Digital Finance Headquarters opening at Rochester Commons in Singapore** distinctive Sea Group fintech consolidation

## History

**2020 — Sea Limited awarded one of Singapore's four MAS digital bank licenses (DFB digital full bank for Singapore consumers + SMEs) post-Dec 4 2020 MAS announcement** distinctive Singapore digital bank licensing milestone.

**Sep 1 2022 — MariBank Singapore DFB DFW launch + ready to start business in Singapore** distinctive Singapore digital bank operational launch.

**Aug 18 2023 — MariBank Singapore retail launch invite-only basis** distinctive Singapore digital bank retail launch milestone <sup>[1][1]</sup>.

**2025 — MariBank launched new banking group to expand digital banking services in Southeast Asia** distinctive Singapore digital bank Southeast Asian expansion.

**May 8 2025 — Sea's Digital Finance Headquarters opening at Rochester Commons in Singapore + 16th Anniversary Celebration** distinctive Sea Group fintech consolidation <sup>[3][3]</sup>.

**May 2025 — Sea adds US$78M to MariBank's capital base lifting paid-up capital to ~US$639M + first Singapore digital bank to offer remittances to retail + SME customers (10 currencies + 13 countries)** <sup>[2][2]</sup>.

## Ownership & operator

**Operating entity**: **MariBank Singapore** (Sea Limited / Monee Group subsidiary; NYSE: SE; Singapore digital bank).

**Major shareholders**: **Sea Limited (NYSE: SE; Sea Group Shopee + Garena + SeaMoney/Monee ecosystem) majority controlling + paid-up capital ~US$639M post-May 2025 Sea adds US$78M to MariBank's capital base**.

**Regulator**: **MAS (Monetary Authority of Singapore)**.

## Technical integration

MariBank Singapore mobile banking app (iOS + Android) + maribank.sg online + MariBank Singapore Visa + Mastercard cards; PayNow + SGQR; **MariBank broadened its business beyond core savings and payments, moving into SME lending and gold-linked investment products** distinctive Singapore digital bank product expansion + **first Singapore digital bank to offer remittances to retail + SME customers (10 currencies + 13 countries)** distinctive Singapore digital bank remittance pioneer + MariSave savings account (0.88% p.a.) + MariCredit cards + MariInvest + MariSME business banking.

## Users & growth

MariBank Singapore Sep 1 2022 Singapore DFB DFW launch + Aug 18 2023 Singapore retail launch invite-only basis + S$75M Sea capital injection 2025 + May 2025 Sea adds US$78M to MariBank's capital base lifting paid-up capital to ~US$639M.

## Use cases

Singaporean retail + private + SME + commercial + remittance + Sea Group Shopee + Garena + SeaMoney/Monee ecosystem banking via MariBank Singapore mobile + maribank.sg online + Visa/Mastercard cards; PayNow + SGQR; **MariBank broadened its business beyond core savings and payments, moving into SME lending and gold-linked investment products** distinctive Singapore digital bank product expansion + **first Singapore digital bank to offer remittances to retail + SME customers (10 currencies + 13 countries)** distinctive Singapore digital bank remittance pioneer.

## Implementations & partners

**Operator**: MariBank Singapore (Sea Limited / Monee Group subsidiary; NYSE: SE; Singapore digital bank); Sea Limited (NYSE: SE; Sea Group Shopee + Garena + SeaMoney/Monee ecosystem) majority controlling + paid-up capital ~US$639M post-May 2025 Sea adds US$78M to MariBank's capital base.

**Sea Group ecosystem partnership**: [ShopeePay](https://docs.barcoder.ai/docs/wallets/shopeepay) (Sea Group Shopee mobile wallet across Southeast Asia) + [SeaBank Indonesia (Monee)](https://docs.barcoder.ai/docs/wallets/seabank-id) (Sea Group Indonesian digital bank; 13M+ customers + nearly $2B total assets 2025) + [MariBank Singapore](https://docs.barcoder.ai/docs/wallets/maribank-sg) (Sea Group Singapore digital bank) + Garena (Sea Group gaming subsidiary) + Monee (post-May 8 2025 SeaMoney rebranding; Sea Group fintech holding; 26M+ active credit users; $5B loan book; 7 markets across Southeast Asia and Taiwan).

**Major Singapore banking + digital bank competitors**: [DBS PayLah!](https://docs.barcoder.ai/docs/standards/dbs-paylah) (DBS Bank's PayLah! mobile wallet + DBS Singapore largest bank by assets) + [United Overseas Bank (UOB)](https://docs.barcoder.ai/docs/wallets/uob-singapore) (UOB TMRW mobile banking; UOB Singapore one of Singapore's Big-3 commercial banks) + [OCBC Singapore App](https://docs.barcoder.ai/docs/wallets/ocbc-bank) (OCBC Pay Anyone mobile banking; OCBC Singapore one of Singapore's Big-3 commercial banks) + [Trust Bank (Singapore)](https://docs.barcoder.ai/docs/wallets/trust-bank) (Trust Bank Singapore; Standard Chartered + FairPrice Group digital bank; ~1M+ customers) + [GrabPay](https://docs.barcoder.ai/docs/wallets/grabpay) (Grab Singapore mobile wallet + GXS Bank Singapore digital bank; Grab + Singtel JV) + [GXS Bank](https://docs.barcoder.ai/docs/wallets/gxs-bank) (GXS Bank Singapore digital bank; Grab + Singtel JV) + ANEXT Bank (Singapore digital wholesale bank; Ant Group subsidiary) + Green Link Digital Bank (Singapore digital wholesale bank; Greenland + Linklogis + Beijing Cooperative Equity Investment Fund JV).

**Regulator**: MAS.

## Fun facts

- **Sea Limited / Monee Group subsidiary** (NYSE: SE; Sea Group Shopee + Garena + SeaMoney/Monee ecosystem).
- **MAS Singapore digital full bank DFB license** (Sep 1 2022 Singapore DFB DFW launch + Aug 18 2023 Singapore retail launch invite-only basis).
- **S$75M Sea capital injection 2025 + May 2025 Sea adds US$78M to MariBank's capital base lifting paid-up capital to ~US$639M** distinctive Singapore digital bank Sea capital injection.
- **First Singapore digital bank to offer remittances to retail + SME customers (10 currencies + 13 countries)** distinctive Singapore digital bank remittance pioneer.
- **MariBank broadened its business beyond core savings and payments, moving into SME lending and gold-linked investment products** distinctive Singapore digital bank product expansion.
- **MariBank launched new banking group in 2025 to expand digital banking services in Southeast Asia** distinctive Singapore digital bank Southeast Asian expansion.
- **2025 Sea's Digital Finance Headquarters opening at Rochester Commons in Singapore + 16th Anniversary Celebration** distinctive Sea Group fintech consolidation.

## Comparison

| Feature | MariBank Singapore | [DBS PayLah!](https://docs.barcoder.ai/docs/standards/dbs-paylah) (DBS Bank's PayLah! mobile wallet rival; DBS Singapore largest bank by assets) | [United Overseas Bank (UOB)](https://docs.barcoder.ai/docs/wallets/uob-singapore) (UOB TMRW mobile banking rival; UOB Singapore one of Singapore's Big-3) | [Trust Bank (Singapore)](https://docs.barcoder.ai/docs/wallets/trust-bank) (Trust Bank Singapore rival; Standard Chartered + FairPrice Group; ~1M+ customers) | [GrabPay](https://docs.barcoder.ai/docs/wallets/grabpay) (Grab Singapore mobile wallet rival + GXS Bank Singapore digital bank; Grab + Singtel JV) |
|---|---|---|---|---|---|
| Operator | **MariBank Singapore (Sea Limited / Monee Group subsidiary; NYSE: SE; Singapore digital bank)** | DBS Bank Ltd. (SGX: D05; Singapore's largest bank by assets) | UOB / United Overseas Bank Ltd. (SGX: U11; one of Singapore's Big-3 commercial banks) | Trust Bank Singapore (Standard Chartered + FairPrice Group JV; Singapore digital bank) | Grab Holdings Limited (NASDAQ: GRAB) + Singtel (SGX: Z74) JV via GXS Bank Singapore digital bank |
| Type | **Sea Limited / Monee Group subsidiary + MAS Singapore digital full bank DFB license + Sep 1 2022 Singapore DFB DFW launch + Aug 18 2023 Singapore retail launch invite-only basis + S$75M Sea capital injection 2025 + May 2025 Sea adds US$78M to MariBank's capital base lifting paid-up capital to ~US$639M + first Singapore digital bank to offer remittances to retail + SME customers (10 currencies + 13 countries)** | DBS Bank's PayLah! mobile wallet + DBS Singapore largest bank by assets | UOB TMRW mobile banking + UOB Singapore one of Singapore's Big-3 commercial banks | Standard Chartered + FairPrice Group Singapore digital bank + ~1M+ customers + Trust Card Visa | Grab Singapore mobile wallet + GXS Bank Singapore digital bank + Grab + Singtel JV |
| Country | SG | SG + 18 markets | SG + ASEAN + China + India + Hong Kong + Taiwan + South Korea + Japan + Australia + USA + UK + others | SG | SG + Southeast Asia |
| Distinctive | **2020 Sea Limited awarded one of Singapore's four MAS digital bank licenses (DFB digital full bank for Singapore consumers + SMEs) post-Dec 4 2020 MAS announcement; Sep 1 2022 MariBank Singapore DFB DFW launch; Aug 18 2023 MariBank Singapore retail launch invite-only basis; May 8 2025 Sea's Digital Finance Headquarters opening at Rochester Commons in Singapore + 16th Anniversary Celebration; May 2025 Sea adds US$78M to MariBank's capital base lifting paid-up capital to ~US$639M; First Singapore digital bank to offer remittances to retail + SME customers (10 currencies + 13 countries)** | 1968 DBS Bank founding (Singapore's largest bank by assets); 2014 PayLah! mobile wallet launch | 1935 UOB founding (one of Singapore's Big-3 commercial banks); 2019 UOB TMRW mobile banking launch in Thailand | 2020 Trust Bank Singapore licensing as Singapore digital bank by Standard Chartered + FairPrice Group JV; Sep 1 2022 Trust Bank Singapore retail launch (achieved 100,000 customers in 5 weeks) | 2018 GrabPay launch as Grab Singapore mobile wallet; Aug 31 2022 GXS Bank Singapore digital bank licensing |

## Status

**Active, Sea Limited / Monee Group subsidiary + MAS Singapore digital full bank DFB license + Sep 1 2022 Singapore DFB DFW launch + Aug 18 2023 Singapore retail launch invite-only basis + S$75M Sea capital injection 2025 + May 2025 Sea adds US$78M to MariBank's capital base lifting paid-up capital to ~US$639M** <sup>[1][1], [2][2], [3][3]</sup>:
- **MariBank Singapore (Sea Limited / Monee Group subsidiary; NYSE: SE; Singapore digital bank)** since 2020 Sea Limited awarded one of Singapore's four MAS digital bank licenses (DFB digital full bank for Singapore consumers + SMEs) + Sep 1 2022 MariBank Singapore DFB DFW launch + Aug 18 2023 MariBank Singapore retail launch invite-only basis + May 8 2025 Sea's Digital Finance Headquarters opening at Rochester Commons in Singapore + May 2025 Sea adds US$78M to MariBank's capital base lifting paid-up capital to ~US$639M.
- **First Singapore digital bank to offer remittances to retail + SME customers (10 currencies + 13 countries)**.
- **MariBank broadened its business beyond core savings and payments, moving into SME lending and gold-linked investment products**.
- **MAS regulated**.

## Sources

[1]: https://thedigitalbanker.com/sea-groups-digital-bank-launches-in-singapore-to-a-select-group-of-individuals/ "Sea Group's digital bank launches in Singapore to a select group of individuals — The Digital Banker"
[2]: https://www.kapronasia.com/asia-banking-research-category/maribank-is-the-first-digital-bank-in-singapore-to-offer-remittances-to-both-retail-and-sme-customers.html "MariBank is the first digital bank in Singapore to offer remittances to both retail and SME customers — Kapronasia"
[3]: https://www.mti.gov.sg/Newsroom/Speeches/2025/05/Speech-by-2M-Tan-See-Leng-at-the-Opening-of-SEAs-Digital-Finance-Headquarters "Speech by 2M Tan See Leng at the Opening of Sea's Digital Finance Headquarters and 16th Anniversary Celebration — MTI Singapore"
[sg-cro]: https://docs.barcoder.ai/docs/payments/SG

- [1] [Sea Group's digital bank launches in Singapore to a select group of individuals — The Digital Banker][1]
- [2] [MariBank is the first digital bank in Singapore to offer remittances to both retail and SME customers — Kapronasia][2]
- [3] [Speech by 2M Tan See Leng at the Opening of Sea's Digital Finance Headquarters and 16th Anniversary Celebration — MTI Singapore][3]
- <sup>[Singapore report](https://docs.barcoder.ai/docs/payments/SG)</sup> In-corpus: `reports/countries/SG-singapore.md`

## Source

Biography extracted from [maribank-sg.md](https://docs.barcoder.ai/source/wallets/maribank-sg). See `matrix.md` for standards-support matrix if present.