KUALA LUMPUR -- Malaysia's central bank issued the country's first five digital banking licenses on Friday, with consortiums led by the big regional technology groups Grab and SEA among the winners.
Finance
Grab, SEA among winners of Malaysia's digital banking licenses
Five consortiums picked from 29 applicants as central bank seeks to expand financial inclusion
Malaysia's new digital banking licenses come with far lower capital requirements than those for traditional banks. © Reuters
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