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Maybank first in Singapore to offer ringgit accounts to corporates

Original: Maybank is the first bank in Singapore to let eligible Singapore-based corporate clients receive, hold, and transact in

Maybank has become the first bank in Singapore to allow eligible Singapore-based corporate clients to receive, hold and transact in Malaysian ringgit. The move is designed to speed up cross-border trade and investment between Singapore and Malaysia, cutting currency friction for businesses and supporting deeper economic integration between the two neighbouring economies.

Why now: It is a first-of-its-kind banking service with direct implications for companies trading between Singapore and Malaysia.

MaybankSingaporeMalaysiaMalaysian ringgit

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• Maybank is the first bank in Singapore to let eligible Singapore-based corporate clients receive, hold, and transact in ringgit. This initiative is designed to accelerate cross-border trade and investment between Singapore and Malaysia, supporting deeper economic integration · NewsBFM · 1

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