KUALA LUMPUR (Reuters) – Malaysia’s central bank has received 29 applications for digital banking licenses, it said on Friday.
The applicants include banks, industry conglomerates, technology firms, e-commerce operators, fintech players, cooperatives and state governments, Bank Negara Malaysia said in a statement. The central bank plans to issue up to five licenses in the first quarter of 2022.
(Reporting by A. Ananthalakshmi; Editing by Martin Petty)
