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Grab-Singtel JV joins race for digital bank licences in Malaysia

Grab-Singtel JV joins race for digital bank licences in Malaysia
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SMEs geared towards a cashless society


THE rise of contactless payments has the media talking about the fast-encroaching cashless society. Especially since the Covid-19 outbreak, contactless payment has become part of the new normal.
We see bright days ahead with fewer cash-based crimes, easy budgeting – transactions are just a few taps away on our phones – and shorter queues at the supermarket.
That’s right, no more coin counting at the checkout counter.
With increased confidence in online transactions, the role of mobile has propelled the cause even further and Malaysia is paving its way towards a cashless society.
We see it in government initiatives such as ePenjana and eTunai Rakyat, which encourage locals to normalise ewallets as the primary payment solution at counters.

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