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Maybank’s Mobile Banking Sees 91% Increase in Transaction

By Vincent Fong for Fintech News Singapore

Maybank Berhad, Malaysia’s largest bank by assets has seen a 91% spike in transactions for its mobile banking during the first three quarters of 2017.

The bank said in a statement that this trend illustrates the trend that consumers are increasingly adopting mobile banking in Malaysia. In contrast, 2016 only saw a 48% increase.

Datuk Hamirullah Boorhan - Maybank Mobile Banking

Image Credit: The Star

“The significant rise in the mobile banking space can be attributed to the new Maybank app that was launched in March this year as well as customers’ increasing confidence and familiarity with transacting over digital platforms,”

said its head of community financial services Malaysia Datuk Hamirullah Boorhan said.

This news comes after Maybank’s recent facelift for it’s mobile banking app in March.

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