Analysts are positive on this development as the funding would mean that BigPay will be able to expand further in Asean. BigPay is an e-wallet initiative by AAG which had recently secured up to US$100mil (RM422.95mil) in financing from SK. This deal also means that SK has secured the rights to participate in projects that BigPay carries out as a strategic partner. The SK Group’s know-how in fintech would be able to speed up the transformation of BigPay from an e-wallet into a full-fledged digital bank, the research house said. The SK Group’s know-how in fintech would be able to speed up the transformation of BigPay from an e-wallet into a full-fledged digital bank, the research house said.

Source: The Star August 09, 2021 21:45 UTC