PETALING JAYA: AmBank (M) Bhd and Merchantrade Asia Sdn Bhd have entered into a strategic partnership to launch a hybrid e-wallet, allowing users the benefit from an Islamic current account with a total combined limit of RM50,000.
It is the biggest e-wallet so far in Malaysia. The integration is where the AmBank Islamic hybrid current account-i integrates with the Merchantrade Money e-wallet with support from DuitNow.
AmBank Group CEO Datuk Sulaiman Mohd Tahir said the e-wallet can attract many depositors to its services.
“AmBank does not have its own e-wallet so far, and with this cooperation, we expect to have 10,000 new customers sign up by year-end,” he said.
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