Maybank expects 1.7 million e-Angpao transactions this CNY

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Kuala Lumpur, 8 February 2021 – 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.

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.

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