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Axiata Digital ups game to get Malaysia digibank license, says CEO

Company aims to increase its microfinancing-related service with RHB

CEO Mohd Khairil Abdullah says Axiata Digital has been working with Malaysia's central bank for a few years now to ensure it meets regulatory requirements that can help it secure a digital banking licence.   © Reuters

SINGAPORE -- Axiata Digital, a subsidiary of telco conglomerate Axiata Group, has ramped up its efforts to secure Malaysia's digital banking license, optimistic that its partnership with local bank RHB Bank has solidified the consortium's application.

Bank Negara Malaysia is set to issue up to five licenses by the first quarter of 2022.

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