AirAsia BigPay enabled cashless payments on its app, completing its offering as an e-wallet player after getting digital banking license in malaysia.
Bank negara malaysia is expected to award digital banking licenses to five applicants soon this week. A total of 29 applicants were submitted.
Bank Negara Malaysia (BNM), Malaysia’s central bank, issued its Licensing Framework for Digital Banks last year to kickstart digital banking in Malaysia.
South Korean conglomerate SK Group Southeast Asian investment arm has joined a consortium for AirAsia digital bank business in Malaysia.
KUALA LUMPUR: Bank Negara Malaysia has received 29 applications from a diverse range of parties for a digital bank licence.
The evolving banking landscape has pushed traditional banks to digitalize in order to cater to consumer demand for personalized and value-added services.
HSBC Bank group has reaffirmed its business commitment to Malaysia as its priority growth market by expanding its digital banking presence.
Southeast Asia is home to one of the world’s largest unbanked populations, but the rapidly increasing digitalization of everyday life as a result of COVID-19.