Malaysia gets more mobile banking
Malaysian Electronic Clearing Corp (MyClear), a wholly-owned subsidiary of Bank Negara, has teamed up with three banks and is working with another three this year to offer mobile banking services.
The three banks that it has tied up with to offer mobile banking service, scheduled for the fourth quarter, are: Malayan Banking, CIMB Bank and Public Bank.
It, however, did not disclose the names of the other three banks.
Managing director Mohd Suhail Amar Suresh said it was currently piloting the mobile banking services with the first three banks in collaboration with three telecommunication companies – Maxis, Celcom and DiGi. He added that more local banks and telecom companies were expected to offer MyMobile services by the end of next year.
As a facilitator of mobile banking, MyClear via its mobile infrastructure, MyMobile system, allows banks to connect to all participants (telcos and banks) without having to link up with individual parties.
Mohd Suhail said MyClear was projecting about 590,000 transactions this year through its MyMobile services.
“Since we started piloting this service in November last year, more than 15,000 subscribers have registered with these banks and more than 55,000 live transactions had taken place.
