“LexisNexis
LexisNexis Risk 2025
LexisNexis Risk 2025
Close Menu
    • About Fintech News Network
    • Work With Us
    • Contact Us
    • Media Kit
    • Advertise With Us
    • Fintech Malaysia Newsletter
    • Submit Fintech Startup
    • Submit Press Release
    • Submit Interview Request
    • Submit Fintech Event
    • Submit Vacancy
    • Webinar Inquiry APAC
    • Fintech Startups in Malaysia
    LinkedIn Facebook X (Twitter) YouTube RSS
    • About Fintech News Network
      • Work With Us
    • Contact Us
    • Media Kit
    • Advertise With Us
    • Fintech Malaysia Newsletter
    • Submit
      • Submit Fintech Startup
      • Submit Press Release
      • Submit Interview Request
      • Submit Fintech Event
      • Submit Vacancy
      • Webinar Inquiry APAC
    • Fintech Events in Malaysia
    • MY Fintech Startup Directory
    Fintech News Malaysia

    Fintech News Network 10-Year Anniversary

    LinkedIn Facebook X (Twitter) YouTube RSS
    Free Newsletter
    • Blockchain
    • Lending
    • Payments
    • Insurtech
    • Wealthtech
    • Regtech
    • Report
    • Startups
    • Events
    • Jobs
    Fintech News Malaysia

    Fintech News Network 10-Year Anniversary

    Home»Blockchain/Bitcoin»Fintech in Malaysia 2018 – January News Roundup
    Blockchain/Bitcoin Crowdfunding Lending Malaysia Payments

    Fintech in Malaysia 2018 – January News Roundup

    Vincent FongVincent FongFebruary 2, 20184 Mins Read
    LinkedIn Facebook Twitter Copy Link Telegram Email
    Fintech-in-Malaysia News Roundup January
    Share
    LinkedIn Facebook Twitter Telegram Copy Link Email
    Free Newsletter

    Get the hottest Fintech Malaysia News once a month in your Inbox

    Malaysia’s fintech scene is becoming increasingly active, it is sometimes difficult to keep track of all the important events, we figured it might be useful to our readers to do a summary. Here are some news roundup for the month of January keep a pulse on Fintech in Malaysia.

    MOL’s One2Pay Rolls Out in 7-Eleven

    7-Eleven One2Pay
    Image Credit: 7-Eleven

    MOL AccessPortal Sdn Bhd who is primarily known for it’s online gaming payments services and reload to-ups launched its mobile wallet called One2Pay late last year in December, in the month of January they announced the roll out of One2Pay at 7-Eleven outlets with plans to make it available to 2,218 stores across Klang Valley.

     

    Both 7-Eleven Malaysia Holdings Berhad and MOL Global Inc. are wholly own subsidiaries of the conglomerate Berjaya Group Berhad. This news follows Alipay’s previous nationwide rollout with 7-Eleven. Whether there are any conflict of interest remains to be seen at the moment.

    AirAsia launches BigPay

    Air Asia BigPay
    Image Credit: Big Prepaid

    Renowned Malaysian entrepreneur Tan Sri Tony Fernandes announced AirAsia’s foray into the payments space with BigPay. AirAsia intends to tap into its 63 million passenger database to propel its digital wallet ambitions. Tan Sri Tony Fernandes also made a bold claim on twitter that one day BigPay will be worth more than AirAsia.

    Air Asia is a part of Tune Group, which also operates Tune Protect Group Berhad, one might speculate that Tune Protect may eventually strengthen their play in insurtech given their increased activity in fintech.

     

    Merchantrade Launches Multi-Currency Payments Card and Mobile Wallet with VISA

    Image Credit: Merchantrade

    Merchantrade Asia Sdn Bhd a home-grown Money Service Business operator has launched a VISA multi-currency prepaid card that digitally converts pre-loaded Malaysian Ringgit into multiple currencies called Merchantrade Money. Merchantrade currently operates 84 money services branches with footprints in major shopping centers and with more than 400 agent locations across Malaysia

    Merchantrade also claims that within 2 months of the soft launch they’ve already acquired 10,000 customers with close RM 10 Million reloads happening on their platform.

    pitchIN Leads Malaysia’s Equity Crowdfunding with 60% Market Share

    During the pitchIN Equity Crowdfunding Report 2017 event, the crowdfunding platform announced that they ended 2017 with 60% market share closing at a total of RM 14,022,132 with 12 issuers.

    pitchIN will be beginning the year with a decent headstart of having 20 companies already signed up to raised funds between now and June. The list includes prominent entrepreuners like Ganesh Kumar, who’s previous accolades include founding the NASDAQ listed company MOLAcess Berhad who will be raising funds for his new venture Commerce.Asia.

    The crowdfunding platform is confident by June 2018 they will be able to comfortably achieve the target of raising between RM 15 Million to 25 Million, surpassing the 2017 target.

    Luno Sets Up Office in KL and Tax Troubles

    Image Credit: Luno

    The Malaysian Reserve first reported Luno’s plans to set up their operations in Kuala Lumpur by Q1 of 2018. The setting up of the local operation is part of the firm’s effort to facilitate the bitcoin and ethereum markets. Prior to this, Luno was already a popular exchange in Malaysia for cryptocurrency traders.

    Luno’s timing might seem inopportune given that Malaysia’s tax authority the Inland Revenue Board recently launched and investigation into Luno which led to their accounts being temporarily frozen.

    Regulators Closing in on ICOs in Malaysia

    Malaysian regulators are increasingly more vocal about their stance on ICOs, both Bank Negara Malaysia and Securities Commission Malaysia recently issued a statement warning the public about the risks of ICOs.

    The statement follows Securities Commission Malaysia’s cease and desist order to CopyCashCoin who initially planned to launch its ICO in Malaysia on 10th January 2018.

     

    ManagePay Receives Greenlight to operate Money Lending Business

    Image Credit: ManagePay

    ManagePay a veteran payments player in Malaysia secured their money lending business license from the Ministry Urban Wellbeing, Housing and Local Government Ministry. This additional licensing makes ManagePay one of the more diversified fintech players in Malaysia with licences for Merchant Acquisition and E-Money from Bank Negara Malaysia, and P2P loan license from Securities Commission Malaysia under their subsidiary QuicKash.

     

    Let us know in the comments below if you like our January News Roundup, if it’s something that our readers enjoy we might make this a monthly thing.

    Airasia Bank Negara Malaysia (BNM) bigpay ICO Luno ManagePay merchantrade Merchantrade Asia MOL One2Pay pitchIN Securities Commission Malaysia (SC)
    Share. LinkedIn Facebook Twitter Telegram Copy Link Email

    Author

    Avatar photo
    Vincent Fong
    • Website
    • X (Twitter)
    • LinkedIn

    Vincent Fong is the Chief Editor for Fintech News Malaysia.

    Related Posts

    Are Malaysia Digital Investment Platforms Living Up to Expectations?

    May 15, 2025

    SC Malaysia Signs IOSCO Pact to Strengthen Cross-Border Enforcement

    May 15, 2025

    CoKeeps and Maybank Trustees to Explore Blockchain-Based Asset Management

    May 14, 2025

    Pine Labs New Devices Offer Faster Payments, Fewer Headaches

    May 8, 2025

    International Tourists Can Now Register to Use TNG eWallet in Malaysia

    May 8, 2025

    Bank Rakyat and Mastercard Launch Touch Card for Visually Impaired in Malaysia

    May 7, 2025

    Boost Bank Disburses Nearly RM150 Million in SME Financing

    May 6, 2025

    SC Malaysia Launches Consultation on Tokenised Capital Market Products

    May 6, 2025
    HUB SPONSOR

    Flagright

    SecuritySponsored

    When US$1,000 Can Cause US$2.5 Million in Monthly Business Losses from Fraud

    Sponsor: sumsubApril 9, 2025
    Fintech Malaysia Newsletter
    Subscribe to the most important Fintech Malaysia News
    Follow Us
    • LinkedIn
    • Facebook
    • Twitter
    • YouTube
    Featured Whitepaper

    Featured Reports

    Sumsub Identity Fraud Report 2024-2025

    Financial Crime Landscape in Malaysia Q4 2024

    Featured Award

    FF50 Banner Nomination

    Featured Fintech Events

    LexisNexis Malaysia Event

     ITC Asia 2025

    Sumsub Fraud Summit 2025

    Featured Fintech Video

    The Future of Islamic Digital Banking

    Webinar Replay

    Cracking the Code of Asia's Banking Trends in 2025 and Beyond-Temenos

    Upcoming Fintech Events
    Risk Ready 2025
    May 29, 2025
    Malaysia
    -
    Kuala Lumpur
    Featured
    FinXtex Malaysia 2025
    May 19, 2025
    Malaysia
    -
    Kuala Lumpur
    ITC Asia 2025
    June 3, 2025
    -
    June 5, 2025
    Singapore
    OceanBase INFINITY CxO Special | Malaysia Edition
    June 18, 2025
    Malaysia
    -
    Kuala Lumpur
    Fintech Revolution Summit 2025
    July 23, 2025
    Malaysia
    -
    Kuala Lumpur
    View More
    Promote Event
    Fintech Jobs
    Compliance and Risk Manager
    Petaling Jaya, Full-time, Hybrid
    CapBay
    View
    Account Manager
    Kuala Lumpur, Full-time
    Atome
    View
    Transaction Monitoring Specialis
    Kuala Lumpur, Full-time, On-site
    dtcpay
    View
    Channel Partnership Manager
    Kuala Lumpur, Full-time
    Curlec by Razorpay
    View
    Sales Assistant (B2B Fintech Media)
    Full-time, Remote
    Fintech News Network
    View
    View More
    Add Vacancy
    Malaysia Fintech Report 2024

    MY Fintech Map 2024

    Singapore Fintech Report 2024

    Singapore Fintech Report 2024

    Philippines Fintech Report 2024

    PH report 2024

    UAE Fintech Report 2024

    UAE Fintech Map 2024


    Whitepapers & E-Books
    Financial Crime Landscape in Malaysia Q4 2024: Emerging Trends and Countermeasures
    Financial Crime Landscape in Malaysia Q4 2024: Emerging Trends and Countermeasures
    Tookitaki
    Report - APAC Identity Fraud Report 2024/2025
    Report - APAC Identity Fraud Report 2024/2025
    Sumsub
     Permissionless Blockchain in Financial Services
    Permissionless Blockchain in Financial Services
    Zühlke
    Traditional Finance and Crypto in Malaysia: The Intersection Between the Old and the New
    Traditional Finance and Crypto in Malaysia: The Intersection Between the Old and the New
    Luno


    Navigation
    • About Fintech News Network
    • Advertise With Us
    • Media Kit
    • Work With Us
    • Contact Us
    • Fintech Malaysia Newsletter
    • Submit Fintech Startup
    • Submit Fintech Event
    • Submit Interview Request
    • Submit Press Release
    • Submit Vacancy
    • Fintech Events in Malaysia
    • Directory
    • Privacy Policy / Disclaimer
    Other Fintech News Network Publications
    Fintech News Malaysia
    Fintech News Singapore
    Fintech News Hong Kong
    Fintech News Philippines
    Fintech News Network Indonesia
    Fintech News Network Thailand
    Fintech News Switzerland
    Fintech News Baltic
    Fintech News Nordics
    Fintech News America
    Fintech News Middle East
    Fintech News Africa
    Get Informed

    Subscribe to Updates

    Subscribe to the most important Fintech Malaysia News

    LinkedIn Facebook X (Twitter) YouTube RSS
    • About Fintech News Network
    • Advertise With Us
    • Media Kit
    • Work With Us
    • Contact Us
    • Fintech Malaysia Newsletter
    • Submit Fintech Startup
    • Submit Fintech Event
    • Submit Interview Request
    • Submit Press Release
    • Submit Vacancy
    • Fintech Events in Malaysia
    • Directory
    • Privacy Policy / Disclaimer
    © 2015 - 2025 Copyright CK Finanzpro GmbH. All Rights reserved.

    Type above and press Enter to search. Press Esc to cancel.