Local media reports by The Edge Markets have stated that the central bank is on track to make the announcement this week, with five applicants being picked from the 29 bids. Interestingly, the report also highlighted several frontrunners for the bid.
They include the joint venture RHB Bank and Axiata Groups’ Boost as well as Grab Holdings’ joint venture with Singtel.
Last month, Grab Capital and SASC announced a partnership to offer Grab Cash Financing-i, a Shariah-compliant financing product to eligible Grab drivers and delivery partners. The solution is made possible through SASC’s GoHalal Financing Programme, which ensures the financing activities and operations are compliant with Shariah principles and practices.$Grab Holdings(GRAB)$
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