Definitions
BACKThe Development of Malaysia’s Financial Inclusion
Malaysia’s financial inclusion success story began in the aftermath of the Asian financial crisis that led to a 10-year Financial Sector Masterplan (FSMP) (2000–11) which provided a comprehensive diagnostic of issues impeding financial inclusion and overall financial sector development.
Based on BNM’s recent indicators, the introduction of agent banking became a game-changer that has enabled 99% (2011: 82%) of the Malaysian rural population access to financial services in a convenient, safe and affordable manner.
This article was first published in Islamic Finance news Volume 16 Issue 36 dated the 11th September 2019
Click here to download full article
This article was first published in Islamic Finance news Volume 16 Issue 36 dated the 11th September 2019
Click here to download full article
