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Islamic Finance

Malaysian govtech Pertama applies for Islamic digital banking licence


The race for digital banking licences continues in Malaysia, with govtech company Pertama Digital saying it has submitted its application to the central bank.

“The Islamic digital bank envisaged by the Pertama Digital Berhad consortium places the financial unserved/underserved customers at its heart,” the company said in a regulatory filing on Wednesday (June 30), the final day for application to the central bank.

“The digital bank aims to sustainably provide affordable and ethical financing products, while handling the B40 and MSMEs to nurture good financial management, pouring rocket fuel into post-pandemic productivity,” Pertama Digital added.

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tags:

Digital banking