BigPay, PUC, Star Media Group, and Grab-Singtel Set Their Eyes On Bank Negara’s Digital Banking Licence
Plenty of big names are aiming for the licence.
BigPay has officially confirmed that it has applied for the digital banking licence to
Bank Negara Malaysia (BNM). As you may know, the fintech company is one of the main portfolio companies under the AirAsia Digital umbrella.
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Interesting enough, the submission does not involve BigPay’s name alone though. The company has managed to rope in
Malaysia Industrial Development Fund to support its application, as well as
Ikhlas Capital which is a Singapore-based regional private equity fund manager that is being chaired by Nazir Razak, the younger brother of ex-PM Najib Razak who has spent 29 years in various positions at CIMB.
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