Bank Negara Malaysia has previously issued five digital bank licenses in Malaysia. One of the beneficiaries is the Boost-RHB consortium.
Most recently, Axiata shared that the Boost-RHB consortium will launch their digital bank in 2023.
Today itself, Boost is ready to offer a number of financial services, and by becoming a digital bank, it will be able to offer more comprehensive services including loans and so on.
For now, the final name of this digital bank offering is still unknown. In addition to Boost-RHB, there are four other consortia that are in the process of developing their respective digital banks.
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BUSINESS & MONEY