Maybank’s mobile banking transactions up 91%

Malayan Banking Bhd (Maybank) has registered a 91% rise in its mobile banking monetary transactions during the first nine months of this year compared to over 40% via desktops.

In a statement yesterday, the bank said this has reaffirmed the trend that mobile banking continues to gain momentum among Malaysian consumers.

In the year 2016, the mobile banking monetary transactions recorded a rise of 48%, while web-based transactions grew by 34%, it said.

“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. — Bernama