Sarawak sees digital bank as boon for rural population, awaits Bank Negara nod for licence

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KUCHING: Sarawak plans to set up a digital bank as part of its effort to develop a digital economy.

Chief Minister Datuk Patinggi Abang Johari Tun Openg said the state was currently waiting for a decision from Bank Negara on its application for a digital banking licence.

"It will be like any other bank except that the transactions are digital, so you don't need to go to an ATM, for instance.

 

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