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ANEXT Bank, a digital wholesale bank based in Singapore and a subsidiary of Ant International, has reported a substantial increase in its micro, small, and medium enterprise (MSME) customer base. As of the end of May, 69% of its customers are micro businesses, with 56% of loan customers and 80% of deposit customers falling into this category.
In May 2020, micro-investing app Acorns followed suit, adding a Spend Account alongside its investment and retirement products. every year since 2003 for pandemic insurance following the SARS outbreak. This type of clause was introduced by many insurers following the SARS outbreak of 2003. Source: Recorded Future.
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