PETALING JAYA: The entry of new digital banking players is not expected to pose a threat to incumbent traditional banks in the near to medium term.
The new players, which are not-bank based, may, on the other hand, complement the incumbent banks to help enhance the range of financial products and financial inclusion of the underserved market.
Already a subscriber? Log in
Save 30% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
