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Grab-Singtel among favourites to bag Malaysia's first digital banking licences

Analysts also see RHB Bank-Axiata Group and Aeon Credit-Aeon Financial Group consortiums as among likely awardees

    Published Sun, Mar 27, 2022 · 09:50 PM

    Kuala Lumpur

    THE Grab-Singtel consortium, which secured one of Singapore's first digital bank licences in 2020, is seen as a frontrunner to win a similar licence in Malaysia, according to analysts from Affin Hwang Investment Bank and RAM Ratings.

    They also foresee the RHB Bank- Axiata Group and Aeon Credit-Aeon Financial Group consortiums as among the likely awardees.

    Digital bankingAsean BusinessMalaysiaGrab

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