Malaysian Fintech MyMy Given Conditional Approval from Bank Negara as Company Prepares for Digital Wallet Launch
April 27, 2021 @ 1:27 am By Omar Faridi
MyMy revealed on Monday (April 26, 2021) that it has obtained conditional approval for a large scheme E-money license from
Bank Negara Malaysia, the nation’s central bank. The Fintech firm is now planning to launch its digital wallet services in the coming year.
Until all required conditions are met (as specified by Bank Negara), MyMy will remain reserved regarding its plans for its complete product offering, according to the company’s anouncement.
The MyMy team noted that there are many digital wallet providers currently in the market, which is why they intend to offer additional services.