Digital Finance: EVOLET driving financial inclusion in Malaysia - News Summed Up

Digital Finance: EVOLET driving financial inclusion in Malaysia


Official data from the Immigration Department shows that 1.98 million regular migrant workers were employed in Malaysia until September 2019. The World Bank estimates, however, that 2.96 million to 3.26 million migrant workers, including 1.23 million to 1.46 million in irregular situations, were residing in Malaysia as at 2017. He hopes to expand EVOLET as a means of addressing financial inaccessibility for lower-income groups as well. “We feel the characteristics and needs of migrant workers and lower-income groups are quite intertwined. “The needs of migrant workers and the B40 community are similar.


Source: The Edge Markets February 28, 2021 16:19 UTC



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