Bank Negara receives 29 applications for digital banking licences

“Up to five licences may be issued and notification of successful applications will be made in the first quarter of 2022, ” it said.

KUALA LUMPUR: Bank Negara Malaysia has received 29 applications from a diverse range of parties for a digital bank licence.

The applications for the licence were under the Financial Services Act 2013 and the Islamic Financial Services Act 2013, following a six-month application period, which ended on June 30.