Maybank: 2018 online banking transactions seen at 6.4b

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KUALA LUMPUR (April 17): Malayan Banking Bhd (Maybank) expects the number of its online banking transactions in the country to increase to 6.4 billion this year, boosted by the new Maybank2u website, which will be launched to the public on April 19.

Maybank Group Head, Community Financial Services, Datuk Lim Hong Tat, said since the introduction of the bank’s online service in 2000, the number of transactions conducted on its online platform had risen steadily each year, reaching 4.27 billion valued at RM318 billion in 2017.

“With the advent of mobile banking and the increasing use of smartphone, coupled with growing internet penetration, the growth in online transactions had accelerated, recording a 49 per cent increase last year,” he told reporters during the preview of the new website here today.