Posts From Fintech News Malaysia
GXBank, Grab to Create 400 Jobs with New Center, Part of RM1.5 Billion Investment
GXBank, Malaysia’s first digital bank, has announced plans to establish a Regional Center of Excellence (COE) for Shared Services in Malaysia by the end of 2024. The COE aims to serve Grab-led digital banks, and financial and operational services in
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New Maybank Platform Enables Malaysians to Start Investing With RM200
Maybank Malaysia has launched a new digital investment platform called Goal-Based Investment, designed to cater to beginners and first-time investors. This offering, accessible via the MAE App and Maybank2u Web, allows users to start investing from RM200. New customers can
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Malaysia’s First JCB Payment Gateway Launched via Soft Space Partnership
Malaysian fintech Soft Space and Japanese payments firm JCB International have launched the nation’s first JCB payment gateway. This development is part of an ongoing strategic alliance between the two companies, initiated in January 2022. The collaboration has previously seen
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Ant International to Create Over 500 Jobs with New Malaysian Center
Ant International, a digital payment and financial technology provider, announced plans to open a new Digital Business Centre in Malaysia by 2025. The facility, which will be located in The Exchange 106 at the Tun Razak Exchange financial and business
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AEON Bank Gears Up for Q2 Launch of Malaysia’s First Islamic Digibank
AEON Bank is poised to launch its Islamic digital banking operations by the end of the second quarter, targeting tech-savvy Generation Z consumers and underserved micro, small, and medium enterprises (MSMEs), according to CEO Raja Teh Maimunah. As one of
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Seedflex Expands Footprint to Malaysia With Seed Funding From 500 Global
Singapore-based fintech Seedflex Technologies has launched a new digital financing solution, “Pay-As-You-Sell Advance” (PAYS Advance), in Malaysia, with plans to expand across Southeast Asia. The initiative, supported by seed funding from venture capital firm 500 Global, targets micro, small, and
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EPF Divests Shares in Affin Bank, No Longer a Major Shareholder
The Employees Provident Fund (EPF) has divested three million shares in Affin Bank, relinquishing its status as a substantial shareholder, according to The Edge Malaysia. Financial details concerning the transaction’s value remain undisclosed. Prior to this sale, EPF held 121.91 million
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CIMB Group CEO Dato’ Abdul Rahman Resigns, Poised to Take Helm at PNB
CIMB Group announced that Dato’ Abdul Rahman Ahmad will resign as Group CEO effective 30 June 2024, concluding a four-year tenure. The group said that it had a robust succession plan is in place and will announce Dato’ Abdul Rahman’s
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RHB and Boost Holdings Collectively Invest RM9.5 Million in Digital Bank
RHB Bank has announced an investment of RM3.8 million to purchase 3.8 million new shares in Boost Bank, in order to maintain its 40% stake in the digital bank. This transaction was funded by the incumbent bank’s internally generated funds.
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Travel Insurance Starting at RM3/Day Now Available on Shopee
SeaMoney, the financial arm of Sea Limited, has expanded its insurance offerings in Malaysia by launching a new travel insurance product available through the Shopee platform, in partnership with Allianz General Insurance Malaysia. This new offering, accessible via Shopee, starts
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