Axiata, via its subsidiary Boost Holdings, and RHB signed a comprehensive head of agreement to form a consortium for the application to work towards the country’s digital transformation and financial inclusion ambition.
In a joint statement the parties stated Boost Holdings will hold a majority stake of 60%, while RHB will hold the remaining 40% in the digital bank, subject to approval from the central bank. The digital bank will focus on the underserved, unserved, and unbanked market in the country.
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