Kevin, think through the logic of the DBL rampers:
- The RHB/Axiata/Boost consortium has got a digital bank license.
- Boost is the Fintech arm of that consortium and they have their own BNPL offering that seems to be going gangbusters: https://fintechnews.my/30558/e-wallets-malaysia/boost-sets-sights-bnpl-and-southeast-asian-expansion-plans-in-2022/
- Yet some here think that because, sometime back in early ‘21 IDSB and RHB partnered on something, that this consortium will now in some form provide funding to IOUpay, who are in direct competition to Boost’s BNPL.
Doesn’t pass the pub test.
Ann: March Quarterly Activities Report, page-106
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