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GRAB-Singtel, Axiata’s Boost-RHB, Sea Ltd-YTL, AEON Credit’s consortiums among winners of Malaysia digital banking licenses

Bank Negara Malaysia announced the five successful applicants for the digital bank licenses as approved by the Minister of Finance Malaysia. The country will have three digital banks licensed under the Financial Services Act 2013 (FSA) and two Islamic digital banks licensed under Islamic Financial Services Act 2014 (IFSA).