FintechNews Malaysia

Fintech News Malaysia

EDITOR’S PICK

E-Wallets Payments

Cyberjaya is The First City to Adopt Malaysia’s National QR Payment Standard DuitNow QR

Finance Minister Lim Guan Eng today launched the Cashless Ecosystem for Cyberjaya, a collaboration between Cyberview and PayNet. In a

E-Wallets Payments

As a Long Time Fintech Observer, I’m Not a Fan of e-Tunai — Here’s Why

In this past couple of days, the e-Tunai programme seems to be all everyone is talking about and understandably so

Top 20 Malaysian Fintechs in 2020

It’s been nearly 3 years now since we last highlighted the best fintech startups that Malaysia has to offer. Since

Blockchain/Bitcoin

Malaysia’s New Regulation Permits Digital Token Offering Through IEOs

Securities Commission Malaysia (SC) today published a regulatory guideline on digital assets that outlines the framework for digital token offerings

Payments

Tranglo to Power WeChat Pay’s Remittance in Hong Kong

Fresh off securing a global cross-border remittance partnership with AliPay, cross border payment specialist Tranglo announced today the support for

Insurtech

KATSANA’s DriveMark Moves Towards Introducing Usage Based Insurance

DriveMark®, a subsidiary under KATSANA announced the pilot launch of “Safe Driving Rebate Program” with the support of Etiqa Insurance

Payments

Tranglo Enters Global Cross-Border Remittance Partnership with Alipay

Tranglo through its Singaporean entity has entered into a partnership with Alipay to provide cross border remittance services The company

Lending

Funding Societies Optimistic that P2P Financing will Reach RM 1 Billion This Year

2019 was a strong year for Malaysia’s peer-to-peer (P2P) financing industry as total financing increased to RM521 million cumulatively and

Virtual Banking

Bank Negara Malaysia Issues Draft Framework for Virtual Banks

Bank Negara Malaysia today issued the exposure draft for the licensing framework for virtual banks. The central bank will be

Malaysia

5 Biggest Fintech Stories in Malaysia in 2019

We’re only 2 weeks away from 2020, for most Malaysians that grew up during the 80’s and 90’s Wawasan 2020

Lending

Alixco Targets Investors from South East Asia and Europe to Widen its Base

Alixco, a P2P financing platform regulated by the Securities Commission of Malaysia announced today that it is opening its platform

Blockchain/Bitcoin

LuxTag’s Equity Crowdfunding Campaign on pitchIN to Accept Bitcoin and XEM

Blockchain startup LuxTag announced that investors will be able to using their Bitcoin and XEM tokens to invest into their

E-Wallets Payments

How I Survived Being Cashless For a Week Using Only GrabPay

Ever since Malaysia caught the e-wallet bug, I’ve always been curious about how difficult or easy it would be to

Digital Transformation

eKYC to Be Introduced to Banks Soon

Bank Negara Malaysia issued on Monday the much anticipated eKYC exposure draft for financial institutions in Malaysia, this draft when

Insurtech

Axiata to Distribute Digital Insurance Through Aspirasi, Boost and Celcom

Axiata Digital Capital’s Aspirasi announced Thursday, a partnership with Great Eastern to provide affordable insurance and takaful products for consumers,

E-Wallets Payments

GHL Powers E-Wallet Acceptance with 750 Retailers Across Sunway’s Malls

Sunway Malls announced yesterday the adoption of a Unified Payment Terminal which accepts cashless payments from major e-wallets, debit cards,

E-Wallets Payments

ASEAN’s Largest Cashless Store Launched in Kuala Lumpur

PUC Berhad and Smuzcity Berhad announced today the launch JDX Presto concept store, which they claim is the largest cashless

Insurtech

Want to Innovate? Don’t Be Afraid of Being Fired Says AXA Affin Life CEO

“If you want to innovate, you must never be afraid of being fired” Those were the first lines that

E-Wallets Payments

Touch ‘n Go eWallet Enables Street Parking Payment in Klang Valley

The Touch ‘n Go eWallet announced today that they have enabled street parking payment for areas under the jurisdiction of

Banking Digital Transformation

UOB Finlab’s Jom Transform Programme Sees 30% Increase in Productivity for its SME Cohort

UOB Malaysia and Finlab announced Wednesday that the SMEs that have completed their Jom Transform Programme are expected to see

WealthTech

A Beginner’s Guide to Robo Advisors and ETF in Malaysia

It’s been two years now since I sat down at Securities Commission Malaysia’s press conference when its then chairman Tan

Fintech Malaysia Report 2019 — How is Malaysia’s Fintech Scene Doing?

In 2017, we started Fintech News Malaysia with a simple goal — to help shine the spotlight on deserving fintech

Various

SoCash’s Latest Partnership to Enable ATM-Free Cash Withdrawals at 10,000 Location

soCash a Singaporean fintech startup that enables users to withdraw cash from retailers, has announced their partnership in Malaysia with

Payments

PayNet Teams up With NETS to Enable Cross Border Debit Card Payments, QR Payments is Next

PayNet and it’s Singaporean counterpart NETS announced today the launch of a real-time cross-border payments using MyDebit ATM cards in

E-Wallets Payments

DuitNow QR Gains Traction as Fave Becomes The Latest to Adopt the National Payment QR

Paynet and Fave announced today that FaveBiz is the first non-bank merchant acquirer to offer DuitNow QR, Malaysia’s national QR

E-Wallets Payments

RHB Facilitates Adoption of Boost e-Wallet at Government Clinics

RHB Islamic Bank announced today that they have collaborated with Boost and the Ministry of Health Malaysia to enable e

Islamic Fintech

Sedania Launches Islamic Financial Marketplace Assidq.com

Sedania As Salam Capital Sdn Bhd, a wholly-owned subsidiary of Sedania Innovator Berhad, has announced the launch Assidq.com, an Islamic

Payments

Prudential Partners Boost for Digital Payments

Prudential announced today a partnership with Boost to enable e-wallet payments for Prudential’s customers. Through this partnership the insurer’s customers