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.

Article type: metered
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

Next In Business News

Producer price index hits new record in October 2021 after surging 13.2% Premium
Md Alwi appointed MDEC chairman Premium
Bintai Kinden signs MoU for RM700mil GDV development near KLIA Premium
Awanbiru inks RM79.89mil deal for supply of Google workspace solutions Premium
Petronas awards feed contracts for Sabah's nearshore LNG project Premium
Cagamas concludes pricing of RM4bil worth of bonds, sukuk Premium
Malaysia's November manufacturing PMI rises to 52.3 Premium
Asian factories shake off supply headaches but Omicron presents new risks Premium
Dialog's share price rises, backed by resilient operations Premium
Oil rises 1% ahead of Opec meeting under Omicron cloud Premium

Others Also Read