A consortium formed by Green Packet Berhad, SGX-listed ZICO Holdings and fast-growing digital Islamic factoring platform M24 Tawreeq Sdn Bhd have formed a consortium on June 29.

The consortium will jointly submit an application for one of five digital banking licenses to be issued by Bank Negara Malaysia.

The consortium’s application is focused on establishing an Islamic Digital Bank, which would include several other strategic collaborators.

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