FintechNews Malaysia

Fintech News Malaysia

EDITOR’S PICK

Payments

MyPay Launches its Government Digital Payments Platform

Home-grown tech company Dapat Vista announced the official launch of its government e-payments service, MyPay. They first announced their foray

Various

ASEAN Needs to Address Several Gaps to Be at the Forefront of Fintech

Experts in both the public and private sectors all agreed that ASEAN stands to be at the forefront of the

Virtual Banking

CIMB’s Virtual Bank in Philippines Secures Half a Million Customers in 6 Months

CIMB announced that its virtual bank that was launched earlier this year have secured 500,000 customers, approximately six months after

Lending

GHL to Offer Lending Services in Malaysia and Thailand

GHL announced today that they have obtained their operating licences from the respective regulators in Malaysia and Thailand to commence

Australia

Why Australia is a Great Destination for Malaysian Fintech Startups

When it comes to expansion plans for Malaysian fintech startups, the usual suspects are normally our ASEAN neighbors like Indonesia,

Regtech/Regulation

BNM Issues e-KYC Exposure Draft for Money Changers

Following the introduction of e-KYC guidelines for remittance companies in 2017, Bank Negara Malaysia issued an exposure draft which expands

Lending

CIMB and Axiata Teams up To Offer Financing Solutions to 700,000 SMEs

CIMB Group has entered into a partnership with Axiata Digital Capital to help 700,000 SME customers in Malaysia and Indonesia

Insurtech

Grab Malaysia Launches Daily Insurance for E-Hailing Drivers

Grab Malaysia unveiled a usage-based motor insurance and takaful for e-hailing driver in Malaysia, Grab Daily Insurance (GDI). Designed in

E-Wallets Payments

TNG Digital Appoints Ex-Malaysia Airlines Veteran as Its New CEO

TNG Digital a Malaysian e-wallet formed as a result of a joint-venture between Touch ‘n Go and Ant Financial Group,

E-Wallets Payments

BNM: E-Wallets Need to Move Beyond Cashbacks to Be Sustainable

During his keynote speech at the “Malaysian E-Payments Excellence Awards” Assistant Governor Adnan Zaylani Mohamad Zahid outlined the state of

Payments

Public Bank First to Adopt DuitNow QR

DuitNow QR is established under Bank Negara Malaysia’s Interoperable Credit Transfer Framework (ICTF). ICTF mandates that PayNet, as the country’s

E-Wallets Payments

Valyou to Enable In-App Remittance to Western Union Agent Locations

Valyou, fintech subsidiary of Telenor group announced today that its e-wallet has integrated with Western Union to enable its customers

E-Wallets Payments

BSN Teams up With Sarawak Pay to Serve Rural Communities in Sarawak

Bank Simpanan Nasional announced today its collaboration with Sarawak Multimedia Authority during the launch of Sarawak Pay, an e-wallet application

Lending Payments

GHL to Offer Installment Payment Solution to 2,000 of Its Online Merchants

GHL Systems Berhad announced today that will be teaming up with Splitit Payments to offer the latter’s installment solutions to

Payments

RHB’s New Credit Card Feature 3-Digit Security Codes That Automatically Refreshes

RHB unveiled today at their press conference, its latest fraud prevention technology for their card users. Partnering with Visa and

Banking

Bank Islam Announces Two Fintech Partnerships

Bank Islam announced partnership with two fintechs as part of its drive for digital transformation. The partnerships are namely with

Various

iMoney Launches Free Credit Score Tool in Bahasa Malaysia

iMoney has launched the Bahasa Malaysia version of its free credit score tool, iMoney Credit Score. The tool which was

Digital Transformation

5 Ways That 5G Could Shape Fintech in Malaysia

With bold claims like powering self-driving cars and streaming virtual reality, the promise of 5G in Malaysia has captured the

E-Wallets Virtual Banking

Boost May Soon Become a Bank in Malaysia as Axiata Eyes Virtual Banking License

The Axiata Group is seemingly eyeing for Malaysia’s virtual banking license, according to a recent report by The Edge. According

E-Wallets Payments

Here are 5 of The Best E-Wallets in Malaysia (in My Opinion)

You may remember me as the person who complained about e-wallets last year, and later, complaining again about Malaysia’s drive

Virtual Banking

Grab and 4 Malaysian Banks Considering Virtual Banking License

A recent report by The Edge identified 5 parties open to applying for Malaysia’s virtual banking license, they are namely

Payments

Soft Space Powers Maybank’s Tap2Phone Payments Solution

Maybank in collaboration with Visa Malaysia and powered by Soft Space launched their mobile payments app for merchants, Tap2phone. This

Payments

Kuwait Finance House First to Adopt MoneyMatch’s Enterprise Solution

MoneyMatch and Kuwait Finance House (KFH) today announced a strategic collaboration to provide cross-border payments for KFH’s customers. This partnership

Banking Digital Transformation

More Than Half of Hong Leong’s Customers are Now Digital

Hong Leong revealed today at their media briefing, a growing customer adoption of its digital platforms. They shared that over

Lending

Funding Societies Teams Up with Lazada to Provide Financing for Online Merchants

Funding Societies Malaysia, the largest digital Peer-to-Peer (P2P) financing platform in the country, announced today its partnership with Lazada Malaysia