China's Ant Group to Work With Malaysian Investment Bank Kenanga on Crypto 'SuperApp'

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Kenanga Investment Bank, a Malaysian bank with 500,000 customers, is working with AntGroup to roll out a crypto 'superapp'. Reporting by oknightcrypto.

Chinese technology company Ant Group, the developer of Alipay, one of China's largest digital-payment platforms, is working with Kenanga Investment Bank on Malaysia's first"SuperApp," which will include crypto trading, e-wallets and portfolio management.on Kenanga's website, the bank has agreed with Ant Group, an affiliate of e-commerce company Alibaba , to leverage the Chinese company's mobile development platform, mPaaS, for the app.

Kenanga was founded in 1973 and is Malaysia's largest independent investment bank. It has more than 500,000 customers. The nation was"We look forward to not only unifying a broad spectrum of financial offerings under one roof, but to make wealth creation more accessible by democratizing financial services for the millions of Malaysians around the country," said Datuk Chay Wai Leong, Group Managing Director of Kenanga Investment Bank.

The Super App, which will utilize Ant Group's blockchain, privacy computing and security solutions, will also include functionality for stock trading and foreign exchange. Kenanga also joined Tokyo-based e-commerce company Rakuten in introducing Rakuten Trade, Malaysia's fastest growing stock trading app.

 

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AntGroup OKnightCrypto The crypto adoption is certainly a good thing, but the bank will have to try hard to attract users to its application. Any major exchange now has a good and functional application, such as Bitfinex app

AntGroup OKnightCrypto Thankss 🚀

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