AirAsia Super App has signed a Memorandum of Understanding (MOU) with CGS-CIMB Securities to enable its users to make investments from within the app.
Both entities said in a joint statement that they will combine their respective strengths to democratise capital market offerings for the masses by making it accessible, affordable, and digitally inclusive.
Responding to an email clarification from Fintech News Malaysia, an AirAsia Super App representative said that they are looking to enable users to buy stocks through the app within the next few months.
They added that they are now working with CGS CIMB Securities to obtain the appropriate license from Securities Commission Malaysia
Mohamad Hafidz Mohd Fadzil, Chief Fintech Officer at AirAsia Super App said,
“We are very excited about this partnership with CGS-CIMB Securities, and truly believe it bodes well with our ethos of providing services that are inclusive, affordable and accessible.
We believe we will be able to provide the common man with the best financial services that have largely been available to the limited few in society, and live up to our mission of serving the underserved.”
Ruzi Rani Ajith, Chief Executive Officer of CGS-CIMB Securities said,
“With over 40 years of experience in Asia, we have evolved from being a pure play traditional broker to being a trusted financial solutions provider for not only institutional clients but also for the man in the street.
Ultimately, we want to create investment opportunities for those who would otherwise be left behind, with a platform that is simple to use and affordable.”
