Posts From Fintech News Malaysia

Funding Societies Teams with Carsome to Offer USD $200m Financing to Car Dealers

Funding Societies Malaysia, the largest peer-to-peer (P2P) financing platform in the country and Southeast Asia, has announced its partnership with Carsome, one the region’s largest used car trading platform to offer dealer financing, a financing product offered to local car

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Hong Leong Bets on a Digital Bank for its Expansion into Vietnam

In a bid to capture foreign markets, Malaysian banks are increasingly turning to launching a digital bank as a strategy. Hong Leong Bank announced recently that they have a launch a digital bank that they described as a next-generation, customer-centric

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Which is the Top E-Wallet in Malaysia?

iPrice and App Annie recently teamed up to compile data on which is the top e-wallet in Malaysia. Their findings are based on both monthly active users and a combined number of downloads in iOS and Google Playstore. Below are

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PitchIN’s First ECF Exit with MyCash Online Gives its Investors 44.2% Returns

A group of MyCash Online investors have recently accepted a buyout offer for their shares from VC company 500 Startups. The offer, which gave them 44.2% returns over two years since the ECF deal, was made alongside an investment by

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HSBC Succesfully Pilots Malaysia’s First Letter of Credit Transaction on the Blockchain

HSBC announced that it has successfully executed a live blockchain Letter-of-Credit (LC) transaction in Malaysia. The transaction involved the import of resin by Malaysia’s Simply Packaging Sdn Bhd (Simply Packaging) from a Singaporean company, both active players in the packaging

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Touch ‘n Go E-Wallet Powers Cashless Payment Option For MULA’s E-Hailing Services

Touch ‘n Go e-wallet announced today that they have enabled customers of e-hailing app MULA to go cashless through their e-wallet. Ignatius Ong, CEO, TNG Digital Sdn Bhd told Fintech News Malaysia in a media statement that it is vital

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Ata Plus Sees First Successful Equity Crowdfunding Exit with Skolafund

Skolafund, a crowdfunding platform for students in need announced that it has been completely acquired by one of Asia’s biggest donation crowdfunding platforms. Skolafund successfully fundraised on the Ata Plus Equity Crowdfunding (ECF) platform in February 2017. The deal reportedly

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Hong Leong Bank Launches eToken with Biometric Recognition for Businesses

Hong Leong Bank unveiled a new, secure and seamless eToken for their Corporate and Small-to-Medium Enterprises (SME) customers. The eToken has authentication technology built-in, with additional biometric facial recoginition technology for mobile devices which meets strict regulatory security requirements. This

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Stripe Teams up with PayNet and Launches in Malaysia

Today, Stripe, a global technology company that builds economic infrastructure for the internet, announced its official launch in Malaysia. It also announced a partnership with Payments Network Malaysia Sdn Bhd (PayNet) to make FPX available to businesses in the country.

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AXA Affin Unveils its Latest Digital Offering Targetting Young Families

Following the success of its earlier launch of their online medical card AXA eMedic in April 2018, AXA Affin today unveiled their AXA eMedic Family plan. Similar to their earlier digital product, the AXA eMedic family plan can be purchased

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