IT is less than a fortnight until the closing date of Bank Negara’s digital bank licence application and the heat it is generating is intense.
Companies are now scrambling to meet the deadline of the application on June 30, which is just 11 days away. It is set to be a crowded race as the central bank will issue only up to five licences.
Bank Negara has previously said that about 40 parties have registered their interests to apply for the licences, of which it is only looking at issuing up to five by the first quarter of next year.
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