Trust level is highly likely to be safe
FAIRPRICE GROUP HOLDINGS PTE. LTD.
UEN:202040166W
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FAIRPRICE GROUP HOLDINGS PTE. LTD. has a TrustScore of 100. Businesses in this category exhibit exceptional reliability and credibility. They are highly trusted within their respective industries and provide a secure environment for transactions and engagements.
Our preliminary analysis has revealed key insights about FAIRPRICE GROUP HOLDINGS PTE. LTD.'s performance and market presence. Here‘s a summary of our findings:
Has been operational for several years
Official business profile found on major search engines
Trust Bank, the latest digital bank to announce its launch in Singapore, said on Thursday (Sep 1) that it is rolling out a range of products including a savings account and a “numberless” credit card that allows customers to choose their repayment date. The savings account will offer a “market-leading” base rate and allow customers to earn up to 1.4 per cent of interest on their deposits, said the new bank formed by Standard Chartered and FairPrice Group. The base rate is 1 per cent on the first S$50,000 of deposits, with NTUC Union Members getting to enjoy a bonus interest of 0.4 per cent when they make five eligible purchases with the bank’s credit card. Non-members will enjoy a bonus interest of 0.2 per cent on the same purchases. Trust Bank, which is 60 per cent owned by Standard Chartered and 40 per cent by NTUC’s enterprise arm, obtained a full bank licence in December 2020. The bank’s shareholders have invested about US$400 million. The launch comes a day after Grab and Singtel, which have jointly been awarded a "digital full bank" licence, unveiled their digital bank – GXS – and its first product.
1 September 2022
FairPrice Group has appointed Vipul Chawla (pictured) as group CEO, effective 5 April 2022. The appointment comes as NTUC Enterprise and FairPrice Group look to further strengthen its core, and talents in its management team. According to NTUC, Chawla's international experience will help FPG drive its ambitions to build an omni-channel business with a superior customer experience. Chawla has held leadership roles in Fortune 500 companies in the FMCG and food services industries. He was previously with Yum! Brands for over a decade, where he most recently served as the president of Pizza Hut International, based in the US. In that role, he oversaw global markets spanning more than 100 countries with a revenue of US$7.5 billion and 345,000 system-wide employees. He was responsible for driving the brand strategy and performance of Pizza Hut’s international business outside the US.
64202
OTHER HOLDING COMPANIES
ACTIVITIES OF HEAD AND REGIONAL HEAD OFFICES; CENTRALISED ADMINISTRATIVE OFFICES AND SUBSIDIARY MANAGEMENT OFFICES
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Scam.SG's TrustScore is an AI-driven engine that evaluates a business's trustworthiness by analysing data such as customer feedback, behavioral patterns, and compliance records. This comprehensive assessment results in a numerical score reflecting the entity's reliability.