Posts From Fintech News Malaysia

BigPay Announces the Launch of Remittance Services

BigPay, Air Asia Group’s fintech focused company announced today the launch of their international remittance service, which enables users to send money directly from Malaysia to bank accounts in Singapore, Thailand, Indonesia, and the Philippines, with no hidden fees and

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70% of Malaysians Prefer to Visit Shops that Accept Digital Payments, Visa Study Says

Digital payments are becoming the payment method of choice in Malaysia, with 70 percent of consumers preferring to visit merchants that accept digital payments compared to those that only accept cash, according to the Visa Consumer Payment Attitudes Study 2018.

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CoinGecko Releases “Trust Score 2.0” to Improve Transparency Amongst Crypto Exchanges

Building upon the success of Trust Score, CoinGecko today announced Trust Score 2.0, which will bring about a more robust exchange ranking system. This was launched, following several high-profile cryptocurrency exchange closures and hacks during the first half of 2019,

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kiplePark to Enable Cashless Parking Using Only Your Car Plate Number

kiplePark, a wholly-owned brand of Green Packet Berhad, announced the launch of their license plate recognition (LPR) technology which they to be the first in Malaysia. The kiplePark LPR is a system where users only need to register their car

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XOX Mobile To Launch Mastercard Enabled E-Wallet Soon

XOX Mobile an MNVO operator is the latest in the long line of companies joining the e-wallet game in Malaysia. XOX Mobile’s CEO, Ng Kok Heng told local media that they are eyeing to capture 10% of the market within

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JomParking Enables GrabPay as Payment Option

Jom Parking a startup that enables digital payments for on-street parking has announced that their app now supports GrabPay as a payment option. This is in addition to existing methods like online banking, debit card and credit cards. According to

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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 into the market in January 2019 when they launched the beta version of their service, the company started out as

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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 development of financial technology fintech by making financial services and financing available to both the 53% of unbanked population and

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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 opening its doors for business in the Philippines. The all-digital, mobile first bank is part of CIMB’s strategy in penetrating

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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 money lending services. The licences were issued by the Ministry of Housing and Local Government (Money Lending Licence under the

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