Nor Shamsiah says 40 parties keen on digital banking licences

Bank Negara governor Datuk Nor Shamsiah Mohd Yunus said five digital banking licences may be issued to qualified applicants.

KUALA LUMPUR: Some 40 parties have registered their interest with Bank Negara Malaysia (BNM) to apply for digital banking licences, its governor Datuk Nor Shamsiah Mohd Yunus said.

The central bank is expected to award the licences in the first quarter of 2022, she told a press conference to announce Malaysia's fourth quarter (Q4) 2020 Gross Domestic Product performance, which was held virtually today.