Kuala Lumpur Bank Supporting Instant Telco Payments.

Byline: Ankush Chibber

Malaysia's CIMB Bank Bhd. and telecommunications company Celcom Axiata Bhd. have formed a partnership to speed up how quickly the telco's customers can pay their mobile bills, according to the Kuala Lumpur-based bank

Launched this week, the service enables Celcom Axiata customers to pay their cellular bills online immediately through the bank's website without having to wait the usual one day for the payment to process, the bank notes in a statement. Such delays typically occur when consumers initiate payment using third parties instead of over the counter at a Celcom …