Room for e-wallets, conventional lenders and digital banks to coexist in Malaysia

Coexistence among e-wallet players, digital banks and existing financial institutions is possible, according to panellists at CGS-CIMB’s 13th Malaysia Corporate Day.

In a panel session, GHL Systems Bhd’s former group CEO, Danny Leong, and GrabPay Malaysia’s head, Priyanka Madan, said they believed that e-wallet players can coexist with existing financial institutions as the former are still targeting the unbanked population and smaller merchants which are not typically targeted by banks.

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