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6 years ago

BBazaar shows the way forward for banks in Malaysia

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BBazaar Malaysia, a fintech company, has been making waves recently in Malaysia with its mission of helping people access the right financial products at every step.

The company also aims to become a dominant marketplace for instantly issuing financial products and thus it's actively looking to partner up with top banks in the country - the latest one being Alliance Bank Malaysia Berhad.

With Malaysia needing to embrace digitisation to maintain its economic growth, it was only a matter of time before every industry took the digital route. Banking has always been at the forefront of adopting new technologies to ensure increased convenience and an enhanced experience.

Since being launched in early 2018, BBazaar has been doing extremely well in the Malaysian fintech space, according to a Media OutReach statement received Monday.

It works as an online marketplace for financial products where you can search, compare, and apply for credit cards and personal loans.

The company entered its first contract with Standard Chartered Bank in April 2018 and then went into agreement with Citibank Malaysia soon after.

More recently, BBazaar has partnered with Malaysian leading conventional and Islamic financial institution, Alliance Bank.

With plans to tie up with other major Malaysian banks soon, Vipin Kalra, BankBazaar International's CEO said, "In three months, we want to have at least three partners on board, and over a dozen partners within a year".

On the firm's official website--BBazaar.my-- you can choose from over 18 different credit cards and 2 personal loans.

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