CEO: Time for e-wallet environment to consolidate

From left are CEO of Axiata Digital Services/Boost Khairil Abdullah, Head Virtual Banking and Payments Maybank Kalyani Nair, CEO of TNG Digital Syahrunizam Samsudin and CEO of Main Street Capital Julian Ng during the MyFintechWeek 2019 at Bank Negara. - NORAFIFI EHSAN /The Star

KUALA LUMPUR: The Malaysian e-wallet environment is ripe for consolidation, say top industry players.

Representatives from key e-wallet providers namely Boost, TNG Digital and Maybank said in a forum yesterday that only a few service providers will be able to sustain operationally over the long run.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In Business News

Funding Societies expects to distribute RM100mil by end of 2023
Pioneering sustainability in property and construction
Bursa securities approves AirAsia X's fund raising exercise
Kimlun wins RM95.4mil construction contracts
MBSB to acquire MIDF from PNB for RM1.01bil
First-time house buyers to continue enjoying stamp duty exemption - MoF
Ringgit extends recovery against US dollar on better risk appetite
Abdul Rasheed Ghaffour appointed as Bank Negara governor for 5 years effective July 1
Kenanga Investment Bank commemorates 50th anniversary
Radium Development's subsidiary to acquire 2 pieces of land in KL for RM71.8mil

Others Also Read