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iFAST Corporation Ltd ( (SG:AIY) ) has provided an announcement.
iFAST Corporation Ltd’s subsidiary, iFAST Pay Malaysia, has received approval from Bank Negara Malaysia to operate as an E-Money Issuer and hold a Money Services Business Class A licence. This development aligns with iFAST’s strategic plan to integrate payment services into its digital banking and wealth management platforms, enhancing its competitive position against traditional banks. The initiative will enable a unified customer experience, allowing seamless transitions between investing and transacting, and is expected to strengthen iFAST’s market presence in Malaysia and beyond.
The most recent analyst rating on (SG:AIY) stock is a Buy with a S$9.50 price target. To see the full list of analyst forecasts on iFAST Corporation Ltd stock, see the SG:AIY Stock Forecast page.
More about iFAST Corporation Ltd
iFAST Corporation Ltd is a company operating in the fintech industry, focusing on digital banking and wealth management solutions. It offers a range of investment products and digital banking services through platforms like iFAST Global Bank, with a strong emphasis on seamless connectivity and cost-efficiency.
Average Trading Volume: 1,454,023
Technical Sentiment Signal: Buy
Current Market Cap: S$2.89B
For an in-depth examination of AIY stock, go to TipRanks’ Overview page.