A consortium led by GXS Bank and Kuok Brothers, a consortium led by Sea Limited and YTL Digital Capital, and three other consortiums won the license.
As a Malaysian I thought this was expected, and I’m quite excited to see what Grab and Sea will do with this. Sea already has BNPL / e-wallet services rolled out through Shopee in Malaysia, as does Grab.
I don’t own Grab but I do own a small stake in Sea (5 shares, bought very recently after their poor earnings report).
I’m not sure how many people are interested in this news, or if you think it means anything significant. What are your thoughts and comments?
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