Digital banks must not trap underserved in debt, say economists | The Malaysian Insight

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Digital banks must not trap underserved in debt, say economists

Aeon group leads one of the successful consortia set to offer digital banking services in Malaysia. – EPA pic, May 3, 2022.

IT is important to ensure that digital bank customers, especially those from the low-income group, do not fall into a huge debt trap, an economist said. Meanwhile, another expert said consumers are unlikely to jump to digital banks immediately, preferring to wait and see what is on offer. Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!

 

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