Business

Maybank expects 1.7 million e-ang pow transactions this CNY

Transactions will be worth more than RM60 million

Updated 5 years ago · Published on 08 Feb 2021 1:58PM

Maybank expects 1.7 million e-ang pow transactions this CNY
Maybank group chief executive officer (community financial services) Datuk John Chong says the e-ang pow service provides customers who are unable to meet with their families a safe and convenient way to participate in the cherished tradition. – AFP pic, February 8, 2021

KUALA LUMPUR – Malayan Banking Bhd (Maybank) is expecting about 1.7 million e-ang pow transactions worth more than RM60 million to be conducted by customers during the Chinese New Year festive season this year.

Group chief executive officer (community financial services) Datuk John Chong said that in light of the pandemic, the e-ang pow service provides customers who are unable to meet with their families a safe and convenient way to participate in the cherished tradition.

“We hope that the e-ang pow will be able to give them a sense of normalcy and a chance to bond with their family members despite having to physically distance themselves to keep everyone safe,” he said.

The bank said it had received an encouraging response to its e-ang pow service in 2020, where the number of transactions increased to 840,000.

It added that the e-ang pow service is expected to grow in 2021 as more customers become comfortable with the notion of sending e-ang pow during Chinese New Year, especially in the new normal.

Maybank customers can send e-ang pow to family and friends by clicking on the e-ang pow icon exclusively on the all-new app MAE by Maybank2u from today until March 7. – Bernama, February 8, 2021

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