SC: Malaysians can pay for unit trusts with e-wallet


“The introduction of the e-service platform framework will facilitate the wider distribution of capital market products through digital platforms which are already familiar to our investors, ” said SC chairman Datuk Syed Zaid Albar.(pic)

PETALING JAYA: Malaysians can now buy financial products such as unit trusts on e-wallet or e-payment platforms, according to the Securities Commission (SC).

In a statement yesterday, the SC said the guidelines to sell such products online has been amended to allow operators of e-wallet or e-payment applications to partner with Capital Markets Services Licence holders to distribute capital market products to investors.

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