Malaysia's Axiata in talks with potential partners for digital bank licence bids

FILE PHOTO - A security officer guards in front of the Axiata headquarters building in Kuala Lumpur May 28, 2014. REUTERS/Samsul Said

Malaysian telecoms firm Axiata Group is talking to eleven potential partners, including banks, to jointly bid for a digital banking licence, its deputy chief executive, Mohd Izzaddin Idris, said on Friday.

Malaysia’s central bank plans to issue up to five licences to new online banks offering either conventional or Islamic banking under a proposed framework set to be finalised by the end of June.

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