KUALA LUMPUR (Nov 13): Malayan Banking Bhd (Maybank) foresees its mobile-banking transaction value reaching RM22 billion by end-2017, from RM16 billion a year earlier. Growth will be driven by higher adoption of its maybank2u.com mobile-banking app. 

Maybank group chief technology officer Mohd Suhail Amar Suresh said the 2017 year-to-date transaction value is at RM19 billion.
 
"Both the number and value of mobile transactions particularly, have been growing at an astounding pace of over 50% since 2015, and we estimate that by end-2017, RM22 billion in transaction value would have been conducted via our mobile platform this year," Suhail told reporters at the Maybank Group Digital Day event here.

"[The growth in transaction] this year will be driven by greater usage of our mobile app, which has been refreshed to include enhanced features. We took the 'personalised and simplified' approach with this new app," he said.

At Bursa Malaysia, Maybank shares settled at RM9.23 at 12:30pm today, for a market value of RM99.36 billion. The stock saw 2.42 million shares traded.