Sarawak eyes digital banking

TheStar Mon, Nov 16, 2020 07:10am - 3 years View Original


“Accordingly, the Sarawak government is in the midst of putting up the necessary infrastructure and facilities throughout Sarawak, in part to support our digital banking and other digital initiatives, ”

KUCHING: The Sarawak government is seeking a digital banking licence and has submitted “its expression of interest” to Bank Negara, Chief Minister Datuk Patinggi Abang Johari Tun Openg said.

“We are fully aware that an effective digital banking must be resilient, fair and dynamic. It is among the prerequisites for the Sarawak government to collaborate with reputable technology companies and local retail banks approved by the governing bodies.

“Accordingly, the Sarawak government is in the midst of putting up the necessary infrastructure and facilities throughout Sarawak, in part to support our digital banking and other digital initiatives, ” he added. He was winding up the 2021 State Budget in the state assembly on Friday.

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