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Fintech News Malaysia
New York Based Wahed Invest Approved to Operate Malaysia’s First Islamic Robo-Advisor
American-based Wahed Invest halal robo-advisory platform announced today that they have successfully obtained regulatory approval from the Securities Commission Malaysia
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PitchIN’s First ECF Exit with MyCash Online Gives its Investors 44.2% Returns
A group of MyCash Online investors have recently accepted a buyout offer for their shares from VC company 500 Startups.
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Tranglo’s Minority Shareholders Sues Hong Kong Based “Unicorn” TNG Fintech Group
Minority shareholders of Malaysian based payments company Tranglo has filed an oppression suit against TNG Fintech Group which acquired 60%
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HSBC Succesfully Pilots Malaysia’s First Letter of Credit Transaction on the Blockchain
HSBC announced that it has successfully executed a live blockchain Letter-of-Credit (LC) transaction in Malaysia. The transaction involved the import
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A Glance at Malaysia’s Fintech Friendly Budget 2020
Malaysia’s Budget 2020 was tabled last Friday, charting the economic direction of the nation. Broadly speaking, there were some hits
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Budget 2020: Malaysia to Accept Virtual Banking License Application by 2020
During the tabling of Malaysia’s 2020 Budget, Finance Minister Lim Guan Eng announced that Malaysia’s much anticipated virtual banking framework
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Touch ‘n Go E-Wallet Powers Cashless Payment Option For MULA’s E-Hailing Services
Touch ‘n Go e-wallet announced today that they have enabled customers of e-hailing app MULA to go cashless through their
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Ata Plus Sees First Successful Equity Crowdfunding Exit with Skolafund
Skolafund, a crowdfunding platform for students in need announced that it has been completely acquired by one of Asia’s biggest
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Hong Leong Bank Launches eToken with Biometric Recognition for Businesses
Hong Leong Bank unveiled a new, secure and seamless eToken for their Corporate and Small-to-Medium Enterprises (SME) customers. The eToken
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Stripe Teams up with PayNet and Launches in Malaysia
Today, Stripe, a global technology company that builds economic infrastructure for the internet, announced its official launch in Malaysia. It
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AlixCo P2P Financing Launches Business Financing for Malaysian Womenpreneur
While women entrepreneurship is on the rise, it is not without its struggles, women-led startups are still not getting funded
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AXA Affin Unveils its Latest Digital Offering Targetting Young Families
Following the success of its earlier launch of their online medical card AXA eMedic in April 2018, AXA Affin today
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What is The Role of Fintech in Asia’s Growing Remittance Market?
In 2018, a record high of US$ 689 billion worth of remittance was made and US$ 529 billion of which
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EPF Enables User to Invest in Trust Fund Directly from Its Platform with i-Invest
The Employees Provident Fund (EPF) today launched its latest offering, i-Invest. It is a self-service online platform that is accessible
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EdgeProp First Property Crowdfunding to Receive Approval in Principle from SC
The Securities Commission Malaysia (SC) today announced that it has registered EdgeProp Sdn Bhd (EdgeProp) as the first Recognised Market
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E-Wallet CEOs to Discuss the Future of Fintech at The Selangor Smart City Convention
Southeast Asia’s Premier Smart City and Digital Economy Convention is back for the fourth time as part of the overarching
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UOB and The Finlab Selects 16 Local SMEs for Their Jom Transform Programme
United Overseas Bank (Malaysia) Bhd (UOB Malaysia) today announced the 16 businesses selected to participate in The FinLab’s Jom Transform
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BigPay Announces the Launch of Remittance Services
BigPay, Air Asia Group’s fintech focused company announced today the launch of their international remittance service, which enables users to
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70% of Malaysians Prefer to Visit Shops that Accept Digital Payments, Visa Study Says
Digital payments are becoming the payment method of choice in Malaysia, with 70 percent of consumers preferring to visit merchants
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Public Bank Launches New Mobile Banking App With DuitNow’s Universal QR
Public Bank released yesterday its new mobile banking app named PB Engage MY on Google Playstore and Apple App Store.
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CoinGecko Releases “Trust Score 2.0” to Improve Transparency Amongst Crypto Exchanges
Building upon the success of Trust Score, CoinGecko today announced Trust Score 2.0, which will bring about a more robust
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Malaysian Banks Don’t Spend Enough on Tech — At Risk of Disrupted by Virtual Banks
A recent report by S&P Global outlining the future outlook for Malaysia’s financial services sector highlighted that Malaysian banks are
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Why eKYC is Key To Unlocking Malaysia’s Digital Banking Revolution
I’ve moderated and sat in a fair number of fintech panel discussions over the years, a question that is
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kiplePark to Enable Cashless Parking Using Only Your Car Plate Number
kiplePark, a wholly-owned brand of Green Packet Berhad, announced the launch of their license plate recognition (LPR) technology which they
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XOX Mobile To Launch Mastercard Enabled E-Wallet Soon
XOX Mobile an MNVO operator is the latest in the long line of companies joining the e-wallet game in Malaysia.
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JomParking Enables GrabPay as Payment Option
Jom Parking a startup that enables digital payments for on-street parking has announced that their app now supports GrabPay as
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Labuan Grants China Construction Bank Approval to Conduct Digital Banking Activities
Labuan Financial Services Authority (Labuan FSA) has granted its approval for China Construction Bank Corporation Labuan Branch (CCBL) to conduct
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Meet the 56 Cryptocurrency Exchanges in Malaysia Registered with BNM
Update: As of March 2019, all cryptocurrency exchanges operating in Malaysia needs to be regulated by Securities Commission Malaysia.
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