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MBSB Bank Is Discontinuing Its Ewallet. Here's Why

All remaining balances in the MBSB Bank ewallet accounts will be refunded to account holders.

By Sukhbir Cheema — 08 Apr 2024

Cover image via MBSB Bank / Instagram New Straits Times

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MBSB Bank Bhd is discontinuing its ewallet platform on 31 May 2024

The bank, touting itself as the pioneer of syariah concept e-money service, said the discontinuation is a strategic move and is part of the bank's digital optimisation plan to streamline its offerings.

The decision also signifies a shift in the bank's digital focus towards enhancing customer experience and operational efficiency.

Image via MBSB Bank

MBSB Bank Bhd account holders can continue to use M JOURNEY online banking, DuitNow QR, and Online Banking Wallet platforms for transactions

According to the New Straits Times, the bank confirmed that all remaining balances in the MBSB Bank ewallet accounts will be refunded to account holders.


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