Malaysian fintech Ascertain Group is expanding its financial infrastructure services into Indonesia, Oman, and India.
The company is using a partner-led model to enter these new markets. It focuses on deploying its core banking and payment technology internationally.
This move aligns with Malaysia’s broader ambition to strengthen its position as a regional hub for digital economy development and fintech innovation.
“Our approach has always been to work alongside local partners who understand their markets best, while we bring our homegrown tech, expertise and innovation across borders,”
said Rathnavel Anandhakumar, Group Chief Executive Officer of Ascertain Group.
Partnering for local market entry
In Indonesia, Ascertain Group has partnered with PT Praisindo Teknologi to integrate enhanced payment capabilities into the country’s wealth and asset management sector.
The company stated that this collaboration connects over 15 banks and 30 financial institutions to improve financial connectivity.
In Oman, Ascertain Group is collaborating with Grand Group Oman to develop digital financial infrastructure and enable broader ecosystem connectivity in the Gulf state.
In India, the company will work with Ideassion Group to deploy artificial intelligence and digital transformation solutions.
This partnership is designed to create growth opportunities across India, South Asia, the Middle East, and the ASEAN region.
“Our focus is on carrying forward our homegrown technology into the markets we enter, ensuring we build solutions that are both globally relevant and locally grounded,”
Anandhakumar said.
Founded in 2008, Ascertain Group processes more than one billion payment transactions annually.
The company provides integrated solutions spanning core banking technology, payment systems, and AI. It supports over 10 financial institutions and 500 businesses.
Featured image credit: Edited by Fintech News Malaysia, based on image by Ascertain Group
