Banking on digital momentum

Lim says the banking industry is seeing a quantum leap in the way customers are interacting with banks, as more people are using their smartphones to make transactions. — dpa

MAYBANK expects the value of banking transactions via its mobile platform to rise by over 50% this year to over RM25bil, driven by the new Maybank2u app as well as the growth momentum achieved last year.

Maybank group chief strategy officer Michael Foong said the volume of digital banking transactions is growing at a fast rate compared with transactions done via online platforms.