-- BigPay has entered into a strategic partnership with Bank Rakyat to enable seamless access to the latter’s Shariah-compliant Personal Financing-i through the BigPay app, which will direct users to Bank Rakyat’s “BRICK” virtual banking platform for more information and the financing application process.
Vijayanathan Sockanathan, Chief Operating Officer of BigPay, said the strategic partnership reiterates BigPay’s commitment to financial inclusion and empowerment. “This partnership reinforces BigPay’s mission to help Malaysians gain access to Islamic financing and make smarter and more informed financial decisions. Together with Bank Rakyat, we are giving financing greater transparency and accessibility directly through the BigPay app,” he said.
Eligible users may apply for Bank Rakyat’s Personal Financing-i InstaCash, with Personal Financing-i of up to RM50,000 at rates from 7.60% per annum. While the financing offering is targeted towards active BigPay app users, it is also open to all Malaysians. New users can download the BigPay app to have direct access to BRICK.
Both BigPay and Bank Rakyat remain committed to promoting inclusive, Shariah-compliant Personal Financing-i that enhance accessibility and empower individuals to take charge of their financial well-being.
Release ID: 89180777
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