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PETALING JAYA: The increasing popularity of mobile payment due to the high mobile penetration rate is not seen as a material threat to Malaysian banks, according to RAM Ratings.
KUALA LUMPUR: RAM Rating sees a consolidation of mobile payments industry as most of the are still loss-making desite the increase in the number and value of payment transactions.
KUALA LUMPUR: Malayan Banking Bhd (Maybank) expects the number of mobile banking transaction numbers to soon overtake Internet banking transactions in line with global trends.
KUALA LUMPUR: U Mobile Sdn Bhd is targeting to increase its subscriber base of four million by 15%-20% within five years.
PETALING JAYA: Mobile applications, digital contents and e-commerce solution provider AppAsia Bhd has signed a memorandum of understanding with China Mobile International Ltd, a subsidiary of Hong Kong and New York-listed China Mobile Ltd to establish a digital content business partnership for three years.
A GROUP of potential buyers are preparing bids for prepaid wireless brand Boost Mobile in an upcoming sale valuing the offshoot of U.S. wireless carriers T-Mobile US Inc and Sprint Corp at up to $3 billion, interested buyers told Reuters.