India Inc India Inc: Friday, 11 August 2017 06:33

BankBazaar sets up in Malaysia

Online financial services marketplace BankBazaar has begun operations in Malaysia to strengthen its presence in South East Asia.

Adhil Shetty, Co-founder and CEO, BankBazaar.com, said: “Buoyed by the positive business sentiment and a progressive regulator, Malaysia’s banking industry is poised towards the next phase of disruption. This complements BankBazaar’s vision to enable, simplify and improve the financial services value chain for consumers.”

As part of its international expansion strategy, the company also plans to begin its operations across Australia, Hong Kong, the UAE and Philippines over the next couple of years.

BankBazaar will deploy a team of 30 people to support its expansion in Malaysia in addition to the 40-member Singapore team.

Vipin Kalra, CEO of BankBazaar International, said: “The technological landscape across the globe is changing rapidly. I believe companies focused on innovation, clubbed with agility are sure to make an impact, irrespective of their business scale and scope.

“After successfully shaping India’s fintech space through customer-focused innovations, BankBazaar is now taking this legacy across new markets.”

'India Global Business’ has in-depth coverage on related topics.

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