$1 Club, page-22503

30 June is cut off date for digital licenses. Starting to see more possible links. Here's another one...


MyMy has previously stated that it will offer Shariah-compliant products and services within its online wallet.In September of last year, MyMy secured RM12 million (appr. $2.92 million) in capital from Koperasi Tentera in order to expand its operations. The Fintech firm has also teamed up with Sukaniaga to establish a Shariah-compliant digital banking consortium.MyMy Chairman, Tunku Dato’ Ahmad Burhanuddin, who’s also an experienced banker and sits on the board of Bank Rakyat, stated:“Our plans to become the world’s first Shariah-compliant digital bank is still within our sights and will take its form with the right conditions set by our committee and our consortium partners. Since receiving our investment from Koperasi Tentera, we have been working diligently on utilising digital financial services for the betterment of the co-operative community and the larger population covering the different segments of our
multicultural Malaysians.”
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They are so far behind IOU but have their eye on digital banking....