HSBC Bank Malaysia Bhd country head of global liquidity and cash management Mandeep Singh said that with greater infrastructure development in the banking industry, thanks to the efforts of the regulator and financial technology companies, the outlook for mobile payment in the country looked promising.
KUALA LUMPUR: With the growth of digital economy and the push by regulatory authorities for demonetisation, instant payment schemes are emerging across the Asean region, including Malaysia, where the mode of payment is increasingly shifting from the traditional method to mobile electronic payments.
HSBC Bank Malaysia Bhd country head of global liquidity and cash management Mandeep Singh said that with greater infrastructure development in the banking industry, thanks to the efforts of the regulator and financial technology companies, the outlook for mobile payment in the country looked promising.
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