Central Banking

Malaysia’s Ibrahim warns of costs of not turning digital

Bank Negara governor outlines plans to push consumers towards e-payments

BNM governor Muhammad Ibrahim (right) shares a joke with Central Banking’s editor-in-chief, Christopher Jeffery
Muhammad bin Ibrahim
CIMB Group Holdings

The governor of Malaysia’s central bank has said the rise of e-payments will mean Malaysians will “have no choice” but to improve the way they conduct their financial affairs moving forward.  

Speaking earlier this month, Muhammad bin Ibrahim took note of the key trends shaping the payments landscape with a specific focus on how Malaysia’s economy will be adapting to digitalisation in the coming years.

“From 2009 to 2017, the industry has invested 893 million ringgit ($219 million) to enhance

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.