“With five licences going to be issued, we believe the most likely candidate to apply for the licence will be the prominent ones such as Boost, Grab, Touch ‘N’ Go and BigPay, ” MIDF Research said.
PETALING JAYA: Electronic-money (e-money) providers are most likely to be the front runners to receive the digital banking licence from Bank Negara, said MIDF Research.
“We believe that it is only a natural progression for e-money providers to expand into the digital bank space, especially with the explosion of e-money users. After all, it means that these providers could better utilise their deposit liabilities, ” it said in a report.
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