ME by TMB expects the number of its deposit accounts to rise to 1.2 million by 2021. As consumers become more familiar with online transactions that can be made via smartphones and tablets, fourth-generation wireless mobile telecommunications will benefit people by making transactions online faster and more convenient. New customers will go to full digital without any need to go to bank branches.
ME by TMB gives its account holders online access to services so that they can enjoy a higher interest rate than from general savings accounts elsewhere. It is keeping the deposit interest rate at 1.8 per cent per annum, Rachada said.