ANGKASA Joins Digital Banking Bid With Boustead to Serve 7 Million Cooperative Members
Angkatan Koperasi Kebangsaan Malaysia Berhad’s (ANGKASA) subsdiary MyAngkasa Digital Services, Boustead Holdings Berhad, and another party that they described as ” one of the world’s largest independent insurance brokerage company ” to apply for an Islamic digital banking license from Bank Negara Malaysia.
In a statement ANGKASA said that this bid also includes strategic partnerships with Mambu, AWS and e-money operator MCash.
During the initial foundation period, the consortium said it will focus on its captive market of 7 million people and at least 10,000 co-operatives, most which are in the unserved and underserved segments. They also revealed that currently processing RM 15 billion loan transactions per year.
Dato’ Haji Abdul Fattah Haji Abdullah, Chairman of MDS and President of ANGKASA, is positive about the prospect of securing one of the five digit