Malaysia-listed tech firm Green Packet has secured a digital lending license from Malaysian government.

The firm said in a statement on last Thursday that its subsidiary Packet Interactive Sdn Bhd has secured the license from Ministry of Housing and Local Government.

This digital lending license will enable Packet Interactive Sdn Bhd to further expand its suite of financial products and services for various client needs.

With demand for flexible funding options on the rise in the digital economy, Green Packet said Packet Interactive is well-positioned to play an impactful role in providing innovative access to lending options tailored for small and medium-sized enterprises (SMEs).

The validity period for the aforesaid digital lending license runs concurrently with Packet Interactive money lending license valid from August 15, 2024 until August 14, 2026.

It is noted that Packet Interactive is introducing a variety of features in their products for easy borrowing and enhancement of the user experience.

Major features of their digital lending solutions include:

Quick approvals: advanced algorithms ensure seamless applications and fast loan approvals.

Flexible loan options: borrowers can access funding customized to their operational, investment, or capital needs.

Competitive interest rates: cost efficiencies from technology are passed on to customers.

User-friendly platform: a simple interface lets users apply, track loans, and access support easily.

Financial education: tutorials on budgeting, credit management, and responsible borrowing empower users.

Enhanced security: robust protocols safeguard customer data and transactions.

Dedicated support: multi-channel assistance ensures a smooth borrowing experience.

Apart from enhancing financial inclusions, Green Packet said the digital lending facility of Packet Interactive is focused on contributing to economic growth and sustainability in Malaysia.

While ensuring easy access to funds for the businesses, Packet Interactive is also looking forward to supporting entrepreneurship and job creation that would add to the overall economic development.

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