Maybank CEO Khairussaleh Ramli expects cross-border money flows to sizzle as Johor-Singapore SEZ takes off

[KUALA LUMPUR] The Johor-Singapore Special Economic Zone (JS-SEZ) has banks rubbing their hands in anticipation of a cross-border boom, and Malaysia’s largest bank Maybank is no exception.

The bank’s group president and chief executive officer Khairussaleh Ramli said Maybank has recorded a rise of nearly 60 per cent in cross-border transactions – 366,700 in 2024, from 229,900 in the year before.

These transactions were facilitated by the Maybank Overseas Transfer (MOT) platform, enabling real-time fund transfers between Malaysia and Singapore at competitive rates and fees.