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Malaysian central bank says received 29 bids for digital banking licenses – Metro US

Malaysian central bank says received 29 bids for digital banking licenses

A general view of the Central Bank of Malaysia (Bank
A general view of the Central Bank of Malaysia (Bank Negara Malaysia) in Kuala Lumpur

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.

(Reporting by A. Ananthalakshmi; Editing by Martin Petty)

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