Malaysian digital bank MyMy expects to begin offering Shariah services by Ramadan next year, as it completes a pivot to become an e-money provider (Shutterstock)

Islamic Finance

Malaysian e-wallet start-up to offer Islamic services by Ramadan


MyMy sets its sights on e-money following pivot from digital challenger bank.

 

Prospective Malaysian digital bank MyMy expects to begin offering Shariah services by Ramadan next year, as it completes a pivot to become an e-money provider.

Joe McGuire, co-founder of the fintech firm, which expects to launch conventional e-wallet services next year, said MyMy is still in discussions with Malaysia’s central bank about the Shariah products it intends to offer.

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tags:

Islamic finance
Digital transactions
Digital payment
Digital wallet