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MyMy secures conditional license; to launch e-wallet this year

MyMy Payments Malaysia expects to launch its e-wallet this year, having secured a conditional approval for a large scheme electronic money license. This will support its Islamic digital bank ambition.

MyMy

Malaysian based multi-currency account and card

A race to the end: A breakdown of contenders eyeing an Islamic digital banking license in Malaysia

Applications for the highly coveted digital banking license being awarded by Bank Negara Malaysia closed yesterday, the 30th June 2021. With only five licenses up for grabs, the competition is indeed stiff. Here is a look at the entities contending to secure a license to offer Shariah compliant digital banking services.

Is Pertama Digital laying framework for Islamic fintech offerings in pursuit of digital banking license?

Ethical finance and Takatech are the focus of Pertama Digital’s digital bank ambition, and the public listed firm has formed partnerships with four entities...

Malaysia’s Islamic banking sector to expand as digital banking license hopefuls prepare Shariah offerings

Malaysian companies are racing to meet the deadline for digital banking license applications set by Bank Negara Malaysia for the end of June 2021,...

Islamic fintech companies to drive Malaysia’s first digital banking consortium

Following Bank Negara Malaysia (BNM)'s strong push for digital banking in the country with last year's issuance of a dedicated licensing framework, two local...

Malaysia one step closer to Islamic digital bank dream

Joining its regional peers, Bank Negara Malaysia (BNM) has finally entered the challenger banking race with its long-awaited digital banking regulations. The new licensing framework,...

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