Bank Negara Malaysia commits to improve financial inclusion

Malaysia’s central financial institution has outlined plans to enhance the monetary wellbeing and dwelling requirements of the Malaysian inhabitants within the subsequent 4 years.

Regardless of the progress made prior to now, there stay limitations to monetary inclusion that have to be addressed, Financial institution Negara Malaysia mentioned in its 2023–2026 monetary inclusion framework.

BNM cited a prevailing reliance on money and conventional banking amongst its low-income, aged and rural populations. It famous that the nation’s digital monetary

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