KUALA LUMPUR: Green Packet Bhd, ZICO Holdings Inc( ZHI) and M24 Tawreeq Sdn Bhd have teamed up via a consortium to jointly submit an application for an Islamic digital banking licence to provide syariah-compliant digital micro services for the underserved segment.In a joint statement, the consortium said its application is focused on forming an Islamic digital bank, which would include several other collaborators that would further complement its products and value-added services to strengthen t

SINGAPORE: Southeast Asian ride-hailing-to-fintech group Grab and budget airline AirAsia were among more than a dozen bidders involving over 50 companies that are vying for digital banking licences in Malaysia, people familiar with the matter said. Others who submitted bids by Wednesday's deadline included telecoms operator Axiata and a consortium backed by Chinese tech firm Tencent, said the sources. They have been drawn in by relatively low financial entry barriers and the promise of a growing