Pertama Digital in advanced JV talks to pursue digital banking licence

Pertama Digital in advanced JV talks to pursue digital banking licence
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KUALA LUMPUR (April 23): Pertama Digital Bhd (formerly Sinotop Holdings Bhd) is currently in advanced joint venture (JV) talks to pursue a digital banking license from Bank Negara Malaysia (BNM).

In a statement today, the group’s strategy director Saify Akhtar said the company is motivated by and aligned with the financial inclusion emphasis in the licensing framework for digital banks published by BNM in December 2020.

He said the group has scheduled joint announcements with a digital banking consortium and collaborative partners, which will follow shortly.

At noon break, Pertama Digital’s shares were unchanged at 39 sen, valuing the group at RM166.9 million.

Lam Jian Wyn