Posts From Fintech News Malaysia

Maybank’s New SME Digital Financing Solution Approved RM 1 Billion Loans in 6 Months
Banking

Maybank’s New SME Digital Financing Solution Approved RM 1 Billion Loans in 6 Months

Six months into its launch, Maybank SME Digital Financing has approved RM1 billion of financing, serving more than 8,200 Small and Medium sized Enterprise (SME), of which 85% or 6,950 are start-ups & microenterprises. In addition, they said all applications

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TM ONE and Sunline Inks Partnership to Drive Digital Transformation for Banks
Banking Cloud

TM ONE and Sunline Inks Partnership to Drive Digital Transformation for Banks

Telekom Malaysia Berhad (TM) via its enterprise and public sector business solutions arm, TM ONE, today inked a Memorandum of Collaboration (MoC) with Sunline Technology (Malaysia) Sdn Bhd to enable the transformation of banks and financial institutions with cutting-edge cloud-based

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PayNet Appoints Soft Space’s FassPay as Third Party Acquirer
E-Wallets Payments

PayNet Appoints Soft Space’s FassPay as Third Party Acquirer

PayNet, the national payments network and shared central infrastructure for Malaysia’s financial markets, has appointed FassPay, a subsidiary Soft Space, to be a third-party acquirer (TPA) for MyDebit, the nation’s domestic debit card scheme. This appointment allows Fasspay to acquire

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RinggitPlus Expands into Digital Financial Planning with RinggitPlus Advance
WealthTech

RinggitPlus Expands into Digital Financial Planning with RinggitPlus Advance

RinggitPlus, a financial marketplace owned by Jirnexu, has launched RinggitPlus Advance, a new one-to-one financial digital financial planning service for Malaysians. With the launch of RinggitPlus Advance, the fintech startup is tapping into its experience of digitalising a traditional industry

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4 Ways to Get Started In Forex Trading
Trading

4 Ways to Get Started In Forex Trading

Getting involved in investing is a fantastic way to boost your wealth. With interest rates plummeting again, you won’t receive much if you let your savings sit in a bank account. Creating a diverse portfolio gives you many more options,

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Versa Secures RM10 Million in Deposits in Less Than Three Months
WealthTech

Versa Secures RM10 Million in Deposits in Less Than Three Months

Versa, Malaysia’s latest digital cash management platform, today announced that it has achieved over RM10million in deposits in just three months since its soft launch in January. To date, Versa has registered more than 4,000 accounts averaging deposit amounts of

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Boost Offers Low-Cost Financing Support for MSMEs this Ramadan
E-Wallets Lending

Boost Offers Low-Cost Financing Support for MSMEs this Ramadan

Boost issued a press statement saying that it will be prioritising micro-enterprises and SMEs this upcoming Ramadan by offering low-cost financing support to use as working capital for Ramadan sales through ‘Aspirasi Capital for Boost’. They said that this financing

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Mastercard-Backed Pine Labs Rolls Out Buy Now, Pay Later Offering in Malaysia
Lending

Mastercard-Backed Pine Labs Rolls Out Buy Now, Pay Later Offering in Malaysia

Pine Labs, an Asian merchant commerce platform backed by Mastercard, announced the launch of its Buy Now Pay Later (BNPL) offering in Malaysia. The company provides a tech-first offline payments solution where on a single terminal multiple credit issuers can

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Ripple Acquires 40% Stake Cross Border Payment Specialist Tranglo
Editor's Pick Payments

Ripple Acquires 40% Stake Cross Border Payment Specialist Tranglo

Rippl, announced that it has agreed to acquire 40% of cross-border payments specialist Tranglo. This partnership will allow Ripple to meet growing customer demand in the region and expand the reach of On-Demand Liquidity (ODL), which uses the digital asset

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How Malaysia’s Incumbent Banks Are Gearing up for the Entry of New Digital Banks
Editor's Pick Virtual Banking

How Malaysia’s Incumbent Banks Are Gearing up for the Entry of New Digital Banks

In Malaysia, incumbents are gearing up for the entrance of the country’s first digital banks, accelerating digital transformation, planning standalone ventures, and partnering up with fintechs, top executives from CIMB Group, Bank Islam, RHB Banking Group, and Backbase said during

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