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Ping An’s Technology Arm OneConnect Expands to Malaysia

Ping An’s technology arm OneConnect announced today its expansion to Malaysia. In Hong Kong, One Connect is among the entities

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TransferWise Malaysia Enables Money Transfer to China Through Alipay

TransferWise announced today the expansion of their international money transfer service for customers in Malaysia who can now receive remittances

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Luno Claims Crypto Exchange Top Spot in Malaysia with RM 827 Million in Transactions

Luno, the first Securities Commission-approved digital asset exchange in Malaysia, announced today that the company has processed over RM 827

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MoneySave Completes P2P Crowdfunding in 95 Seconds for Malaysian Online Grocer

MoneySave, a local peer to peer (P2P) crowdfunding platform, announced that they have achieved what they claim to be the

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Huawei Pay Now Available in Malaysia

Huawei announced that its mobile payment service, Huawei Pay, is now available to its Malaysian users. The same service was

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Merchantrade and Construction Manpower Firm to Facilitate Cashless Wages for Workers

Merchantrade Asia and the Construction Labour Exchange Centre Berhad (CLAB) have forged an alliance to facilitate cashless wages for both

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ICBC (Macau) Picks Huawei All-Flash Storage to Support Online Banking Boom

Since the outbreak of COVID-19, contactless payments have soared and digital banking adoption has increased dramatically. In Q1 2020, MasterCard

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PayNet Signs on Revenue to Develop Secure Payment Tokenisation

Payment solutions provider Revenue has secured a contract for the provisioning of the MyDebit tokenisation platform (TSP) for Payments Network

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Fintech Players Welcome Malaysia’s New Online Lending Guidelines

The Ministry of Housing and Local Government unveiled last week a new guideline that will allow for licensed moneylenders to

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pitchIN Exceeds RM 100 Million in a New Milestone for Equity Crowdfunding

pitchIN hit a new equity crowdfunding milestone today when it recorded RM100 million funds raised for companies this week. This

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China Construction Bank to Raise US$ 3 Billion Blockchain Bond via Its Labuan Branch

China Construction Bank’s Labuan branch (CCB Labuan) has partnered with digital asset exchange firm Fusang to raise a US$ 3

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How Fintech Friendly is Budget 2021 Compared to The Previous Year?

The Malaysian government continues to provide support in developing the P2P lending and equity crowdfunding (ECF) market. During the tabling

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Caltex Now Offers ShopeePay as a Contactless Payment Option

Chevron Malaysia Limited, which markets the brand Caltex, announced its partnership with Shopee to enable contactless payments via the e-commerce

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CIMB Launches New All-in-One HR Solution for SMEs

CIMB Bank and CIMB Islamic Bank unveiled its BusinessHR.asia solution, offering an all-in-one human resources platform for business customers. Co-hosted

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CapBay Snaps Up 49% Stake in Kenanga Capital Islamic to Set Up Islamic Fintech Joint Venture

CapBay, a Malaysian P2P supply chain financing platform, has acquired a 49% stake in Kenanga Capital Islamic, a subsidiary of

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Financial Literacy Remains a Major Challenge in Malaysia Despite Rapid Wealthtech Adoption

In Malaysia, adoption of wealthtech and alternative asset classes has increased over the past year, but in order for the

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Securities Commission Malaysia’s IEO Guidelines Comes into Force Today

The Securities Commission Malaysia (SC) has revised its Guidelines on Digital Assets (Guidelines), which came into force today to regulate

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Kenanga Investment Bank Acquires a Small Stake in Merchantrade

Kenanga Investment Bank has acquired 4.99% equity interest in Merchantrade, a Malaysian digital money services business operator and e-money issuer.

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GHL Unveils Financial Supermarket Ambitions with GROW

Payments firm GHL has been gradually shedding from its pure payment play in a series of announcements it has made

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UOB Malaysia Launches AI-Driven Financial Management Tool on Mobile App

United Overseas Bank Malaysia (UOB) has launched Mighty Insights, an artificial intelligence (AI)-based digital banking service to help their customers

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Merchantrade Inks Deal With Ant Group to Offer Remittance Services to Alipay Users

Merchantrade, a digital money services business operator and e-money issuer, has entered into a partnership with Alibaba’s Ant Group. The

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Meet Akru, Malaysia’s Newest Robo-Advisor

Years ago before my job with the Fintech News Network, I would drive my lifeless body to work at the

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Rakuten Trade Appoints Kazumasa Mise as Its New Chief Executive Officer

Rakuten Trade Sdn Bhd (Rakuten Trade) announced the appointment of Mr Kazumasa Mise as its Chief Executive Officer and a

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Microsoft, MDEC and MaGIC Aims to Nurture Malaysian Unicorns Through New Partnership

Microsoft Malaysia in partnership with the Malaysia Digital Economy Corporation (MDEC) and the Malaysian Global Innovation & Creativity Centre (MaGIC)

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Tune Protect Names AXA Affin Life’s Ex-CEO, Rohit Nambiar As Their New Group CEO

Tune Protect Group Berhad today announced the appointment of Rohit Chandrasekharan Nambiar as its Group Chief Executive Officer effective 14

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Will QR Payments Mount a Challenge in a World Dominated by Plastic?

There is a quiet war waging in the consumer payments space, and no, it’s not the skirmishes between e-wallet companies

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Hong Leong Bank Unveils Fully Digital Onboarding Experience for Customers

Following the publication of Bank Negara Malaysia’s (BNM) guideline on Electronic Know-Your-Customer (eKYC), Hong Leong Bank and Hong Leong Islamic

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Maybank’s Add News Key Features to Its Refreshed MAE App

Maybank today launched mobile banking and e-wallet app called MAE by Maybank2u, an app they said is built to help

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Securities Commission Says Regulated Crowdfunding Markets Raised RM1 Billion

The Securities Commission Malaysia (SC) announced at its virtual SCxSC fintech conference that more than 2,500 Micro, Small and Medium

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Fave Adds GrabPay Wallet Onto Its Platform

Fave is now providing GrabPay as a new payment option in the former’s app, to enhance convenience and cashback savings

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