FintechNews Malaysia

Fintech News Malaysia

EDITOR’S PICK

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

Payments

Soft Space Lands Partnership in Thailand to Drive Cashless Push

Soft Space and its Thai-based partner Digio announced Thursday that they landed a partnership with interbank payment provider, Processing Center

Insurtech

Insurtech Startup Fi Life Introduces New 20 Year Level Term Life Insurance Policy

Fi Life announced today that it has added a new 20-year level term life insurance policy to its current suite

Payments

TransferWise Launches in Malaysia, Open to Partnership with E-Wallets

Following the news of TransferWise securing their remittance license from Bank Negara Malaysia in June 2019, the international remittance company

Lending

Funding Societies Teams with Carsome to Offer USD $200m Financing to Car Dealers

Funding Societies Malaysia, the largest peer-to-peer (P2P) financing platform in the country and Southeast Asia, has announced its partnership with

Banking

Hong Leong Bets on a Digital Bank for its Expansion into Vietnam

In a bid to capture foreign markets, Malaysian banks are increasingly turning to launching a digital bank as a strategy.

Banking Digital Transformation

How Are Malaysia’s 5 Largest Banks Responding to Fintech in 2019

Banks are often punching bags when one thinks of industries that are not innovating quick enough. When the term fintech

Payments

GrabPay Becomes First E-Wallet in Malaysia to Adopt DuitNow QR

PayNet and Grab jointly announced today that GrabPay has adopted Malaysia’s national QR payments standard, DuitNow QR; making GrabPay the

E-Wallets

Which is the Top E-Wallet in Malaysia?

iPrice and App Annie recently teamed up to compile data on which is the top e-wallet in Malaysia. Their findings

Various

RAMCI is The Latest in Experian’s Investment Spree into Data Companies

Experian, the global information services company announced this week that they have acquired a controlling stake in local credit bureau

Blockchain/Bitcoin

Luno Is The First Cryptocurrency Exchange to Receive Full Approval in Malaysia

The Securities Commission of Malaysia has given full approval to Luno’s application to operate as a Recognized Market Operator (Digital

WealthTech

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