More than 50 conglomerates and upstarts vie for digital banking licenses in Malaysia

When the application deadline for digital banking licenses closed on Wednesday, Singtel and Grab’s joint venture, Malaysia-headquartered budget airline AirAsia’s payments unit, and a consortium led by Singapore-based online brokerage firm iFast were among those who tossed their hats into the ring. With over 50 firms gunning for the licenses in Malaysia, other notable applicants include a consortium formed by…
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