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Today, we have seen three digital banks operating in Malaysia, and the remaining two that have received licenses have yet to start operations. Touching on this, the consortium joined by Sea Ltd and also YTL Digital Capital Sdn Bhd, emphasized that they will introduce their digital bank by the end of this year 2024.
This consortium is joined by Shopee's parent company, which is Sea in addition to YTL which has various businesses under their parent company, including one of which is the telecommunications service offering Yes. For now, no launch date has been given.
Today, among the digital banks that have been operating are GXBank, AEON Bank, and Boost Bank. Apart from SEA-YTL, another consortium led by KAF Investment Bank has yet to launch their services.