Axiata, RHB Bank to jointly bid for digital bank licence


RHB Bank HQ

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

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3
Join our Telegram channel to get our Evening Alerts and breaking news highlights

RHB Bank , Axiata , digital banking , licence ,

   

Next In Business News

Genetec says EV sector orders lifted Q1 earnings�
Singapore Airlines first-quarter loss narrows on cargo demand boost
Tough going for blue chips, Public Bank dips below key RM4
CGS-CIMB Securities launches two Shariah-compliant products
Public Mutual launches Public e-Pioneer Entrepreneur Fund
Maybank AM launches All-China Focus Equity Fund
Paying household bills automatically via Boost
Keel laying of T7 Global’s MOPU underway in China
PropertyGuru: More homeowners selling property for cash flow
Zafrul: Govt to strengthen fiscal position, broaden revenue base

Stories You'll Enjoy


Vouchers