SINGAPORE: Malaysian telecoms firm Axiata Group Bhd has teamed up with RHB Bank Bhd to apply for a digital bank licence, two sources familiar with the matter told Reuters.
The sources declined to be identified as they were not authorised to speak to the media. Malaysia’s central bank has called for digital bank applications by June 30 and said it may issue up to five licences for online-only banks.
Axiata declined comment on the digital bank application with RHB but said in an email it would hold a news conference with the bank tomorrow “on significant partnerships that will expand collaborations between both parties”. RHB had no immediate comment. ─ Reuters