Maybank expects 1.7 million e-angpao transactions this CNY

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

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Group chief executive officer (Community Financial Services) Datuk John Chong said in light of the pandemic, the e-Angpao 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-Angpao 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.

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

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

Maybank customers can send e-Angpao to family and friends by clicking on the e-Angpao icon exclusively on the all-new app, MAE by Maybank2u, from today (Feb 8) until Mar 7. – BERNAMA


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