Will digital banks serve low-income group, asks PKR’s Saifuddin

PKR secretary-general Saifuddin Nasution Ismail says digital banks’ goal should be helping the underserved and should emulate Grameen Bank or Amanah Ikhtiar’s model in assisting people left out of the conventional banking system. – The Malaysian Insight file pic, April 30, 2022.

DIGITAL banks should serve the underprivileged, including those who do not have access to conventional banking systems, Saifuddin Nasution Ismail said.

The PKR secretary-general questioned if any of the five consortiums that received digital banking licences would help low-income earners such as hawkers, night-market traders and rural dwellers.

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