Malaysian central bank says received 29 bids for digital banking licenses

by Aurelia Butler 2 July 2021, 10:21 129 Views

KUALA LUMPUR (Reuters) – Malaysia’s central bank has received 29 applications for digital banking licenses, it said on Friday.

The applicants include banks, industry conglomerates, technology firms, e-commerce operators, fintech players, cooperatives and state governments, Bank Negara Malaysia said in a statement. The central bank plans to issue up to five licenses in the first quarter of 2022.

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Malaysian central bank says received 29 bids for digital banking licenses

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