It has been almost a week since Bank Negara Malaysia was supposed to announce the 5 recipients of digital banking licenses in Malaysia. However, the bank’s governor, Tan Sri Nor Shamsiah Mohd Yunus said that the announcement will be made upon completion of the legal process.
Local media reports by The Edge Markets have stated that the central bank is on track to make the announcement this week, with five applicants being picked several frontrunnersfrom the 29 bids. Interestingly, the report also highlighted for the bid.
They include the joint venture RHB Bank and Axiata Groups.
$1 Club, page-29951
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