Bank Negara Malaysia today shared the recipients of digital banking licenses in Malaysia, and one of them is AEON Credit. AEON Credit through a special consortium received a license for digital Islamic banks.
The consortium consists of AEON Credit, AEON Financial Service, and even MoneyLion. In terms of holdings, AEON Credit and AEON Financial hold 45%each, while MoneyLion holds the remaining 10%.
Speaking further, AEON Credit through a filing on Bursa said their digital islamic bank will be operational within 24 months - subject to BNM approval.
For now, more information related to this digital bank is still unknown.
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BUSINESS & MONEY
