Yes its for MYR300 or around AUD$100 But this is based only on a...

Yes its for MYR300 or around AUD$100

But this is based only on a very basic eKYC identification check and everyone gets this limit without any further credit checks.

Higher limits are available if passed further credit checks and can be approved in a day or 2.

This is a very good way to build consumer base from the unbanked demographics and also the higher limits with the banked populations.

I can easily see IOU increasing the unbanked basic limit from MYR300 to MYR500 and this would be very handy for alot of purchases in Malaysia where day to day groceries or purchases are relatively cheaper than what we know in Aust.