Maybank to fully migrate to Secure2U authentication for online transactions by June 2023

KUALA LUMPUR: Malayan Banking Bhd (Maybank) will fully migrate to a more secure authentication method via Secure2U by June 2023, in line with Bank Negara's direction for banks to migrate from SMS One Time Passwords to a more secure authentication.

In a statement, the bank said Secure2U will be used for online activities or transactions related to account opening, fund transfers and payments as well as changes to personal information and account settings.