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B40 Challenge
Financial Innovation Lab Malaysia, funded by the MetLife Foundation, is running the B40 Challenge to find solutions that could drive usage of financial services by lower and middle income customers in Malaysia (or the B40 population) beyond access to bank accounts. 18 teams from fintech start-ups are working with UNCDF to develop and refine innovative new […]
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Cash is king: Malaysia’s cash-only economy
Despite a high level of access to bank accounts in Malaysia, there is a big gap in usage. Most Malaysians still rely on cash, and while many people have debit cards, actual usage of them is low.
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