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Blockchain/Bitcoin

Securities Commission Malaysia Cautions Against Illegal Crypto ATMs

The Securities Commission Malaysia (SC) cautioned the public against the usage of Crypto ATMs. Crypto ATM are machines that allows individuals

E-Wallets Financial Inclusion

Instapay Launches an E-Wallet for Migrant Workers Eyes 100,000 Users

Instapay announced today the launch of an e-wallet service that is targetted at the migrant worker population. The company holds

Blockchain/Bitcoin

Luno Malaysia Launches Litecoin on Its Platform

Following the introduction of XRP, Luno announced today that it has added Litecoin (LTC) to its trading platform. This is

Payments

Adyen Expands Acquiring Capabilities to Malaysia

Adyen, a global payments platform, today announced the expansion of its acquiring capabilities to include Malaysia. They said that this

Banking

Hong Leong Saw 13x More E-Wallet Top-Ups During MCO

The COVID-19 pandemic has fundamentally changed the way we live resulting in mass digital adoption as we rapidly shifted to

Insurtech

Finology Lands Partnership with Zurich for Road Tax and Motor Insurance Renewal Services

Over two million Malaysian road taxes remain expired since the Road Transport Department (JPJ) counters closed during the Movement Control

Virtual Banking

How Will Virtual Banks Shape the Way Malaysians Bank

As consumers behaviors shift to becoming increasingly digital, the financial services industry is forced to cater to changing nature of

E-Wallets Insurtech

Boost and Aspirasi Launches Micro-Insurance Underwritten by Great Eastern Life Assurance

Axiata Digital’s e-wallet Boost and its digital financing platform Aspirasi announced today the launch of “Aspirasi Protect” – a microinsurance

Digital Transformation Virtual Banking

Bank Negara Malaysia Unveils New eKYC Guidelines Ahead of Its Virtual Banking Framework

Bank Negara Malaysia issued its policy document on Electronic Know-Your-Customer (e-KYC) on Tuesday, which follows their earlier exposure draft in

E-Wallets Payments Virtual Banking

Great Eastern Invests US$70M in Axiata Digital — The Largest Fintech Investment in Malaysia Yet

Axiata Digital the digital services arm of telco operator Axiata Group today announced a strategic investment of US$ 70 Million

E-Wallets

Mastercard: Malaysia Leads South East Asia in E-Wallet Adoption (No, Not Really)

By now you’ve probably seen the headlines plastered across multiple media outlets stating that Malaysia is leading South East Asia

Why Wi-Fi 6 Could Be Crucial to Banks in a Post-Pandemic World

As COVID-19 accelerates digital transformation across the globe, the financial services industry is finding it increasingly crucial to rapidly roll

Payments

BigPay Adds Vietnam and Australia to its Remittance Corridor

BigPay announced today the addition of two more new corridors for its international remittance service — Vietnam and Australia, with

Virtual Banking

MACROKIOSK and Silverlake Collaborate to Tap into Virtual Banking Opportunities in Asia Pacific

MACROKIOSK today announced that it will be collaborating with Silverlake to support virtual banks in Asia Pacific. In this partnership,

Huawei Ascends Technology in an Intelligent Era: Winning with an Ecosystem

Artificial Intelligence (AI) is no longer just a catch phrase, but is slowly becoming a new type of general computing

Various

Green Packet Acquires eKYC Specialist Firm Xendity for US$ 10 Million

Green Packet Berhad announced today that it is acquiring technology firm Xendity which specializes in identity verification processes using e-KYC

Banking

RHB Partners with WWF and IDEMIA to Launch Recycled Debit Cards

RHB launched today an eco-friendly recycled PVC payment card that done in partnership with WWF Malaysia, Visa, and Idemia. The

Payments

500 Startups Invests in Recurring Payment Platform Curlec

Curlec announced today that they have secured funding from 500 Startups. The fintech startup which focuses on simplifying recurring payments

Uncategorized

Huawei: To Fend Off Disruption Banks Need to Build Their Own Super App

Huawei held its Global FSI Summit this week which featured financial institutions and enterprises sharing their experience in dealing with

Various

Fintech-Focused VC Tuas Capital Partners With Hive to Participate in Malaysia’s Investment Matching Scheme

Tuas Capital, a fintech-focused VC which counts companies like MoneyMatch and Jirnexu among its portfolio announced that it will be

E-Wallets Payments

Malaysians Donated Over RM1 Million During MCO via Boost

Beginning from the start of the Government initiated Movement Control Order (MCO) up through the holy month of Ramadan, caring

Payments

Vircle Introduces Malaysia’s First Cashless Nurturing Solution For Schools

The much-anticipated reopening of schools has been revealed to begin in phases from 24 June onwards, with strict guidelines being

Various

Razer Fintech to Sponsor Free Masks for All Adult Residents in Malaysia

Razer and Berjaya Corporation, through their partnership in Razer Fintech, the financial technology arm of Razer, have announced plans to

E-Wallets Payments

Malaysia to Spend RM 1.2 Billion Promoting E-Wallets in 2020

Malaysia’s Prime Minister Tan Sri Muhyiddin Yassin, announced a series of economic stimulus plans last week that is targetted at

Payments

KiplePay Joins Visa’s Fintech Fast Track Program

KiplePay announced today that the company is now able to issue Visa prepaid cards and has also joined Visa’s FinTech

Huawei Cloud Hosts Virtual Summit Showcasing the Importance of Cloud Computing in Internationalization Strategies

Cloud has taken over the enterprise with now 90% of organizations using cloud-based services, according to Deloitte’s Tech Trends 2020

Insurtech

PolicyStreet Raises RM 7.8 Million Series A Round Led by KK Fund

During the height of the COVID-19 crisis, PolicyStreet, a Malaysian insurtech company opened its fundraising exercise to the angel network

Banking

FICO: Malaysians More Comfortable Opening Bank Accounts with Smartphones than Americans and Canadians

FICO, a global analytics software firm, has released its Consumer Digital Banking Survey which found Malaysian consumers are more comfortable

Lending

CapBay Partners With TheLorry to Offer Financing for SME Lorry Drivers

CapBay, P2P Supply Chain Financing platform registered with Securities Commission Malaysia, announced a collaboration with TheLorry their “Express Financing” Program.

Banking

APAC Banks Are Backing Open Banking, but What Does ‘Open’ Really Mean?

A survey launched this week by Finastra revealed that close to 100% of financial institutions in Singapore and Hong Kong

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