Posts From Fintech News Malaysia
AmBank’s Visa Credit Card Users Now Have Option for BNPL Payments
AmBank has teamed up with Visa to offer a new instalment payment service to its credit card users in Malaysia. This service, known as Visa Instalments, allows cardholders to convert their eligible purchases into monthly payments. The bank said that
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iFAST Invests RM150 Million in New Malaysian AI Hub Over Next 5 Years
iFAST Corporation, a digital banking and wealth management platform headquartered in Singapore, has launched its iFAST Global Hub.ai in Malaysia as part of its three-year growth plan to establish its global presence. The newly transformed hub, previously known as iFAST
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CoinGecko Acquires Zash to Enhance Its Crypto Data API
Cryptocurrencies data aggregator CoinGecko has announced its first-ever acquisition of Zash, a company specialising in NFT data infrastructure and intelligence, to expand its cryptocurrency data services. CoinGecko plans to introduce new endpoints to its crypto data API by the second
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RinggitPay: Redefining Business Payment Operations Through Strategic Partnerships
RinggitPay, a home-grown payment platform, is on a mission to simplify payments for Malaysian businesses and their customers. By offering a comprehensive suite of digital payment solutions in collaboration with renowned Malaysian banks and industry-specific ecosystem partners, RinggitPay has processed
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Instant P2P Fund Transfers Now Enabled Between Singapore and Malaysia
The Monetary Authority of Singapore (MAS) and Bank Negara Malaysia (BNM) have unveiled a new real-time payment linkage connecting Singapore’s PayNow and Malaysia’s DuitNow. This facilitates instant person-to-person (P2P) cross-border fund transfers, allowing users to transfer funds between the two
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Funding Societies, SME Corp to Disburse RM6M in Financing for Bumiputera MSMEs
SME Corporation Malaysia and SME digital financing platform Funding Societies have launched a new funding initiative called the Bumiputera MSMEs Financing Initiative (BMFI). The BMFI will allocate an initial fund of RM6 million to Bumiputera youth entrepreneurs who participated in
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SC Grants First Full Digital Asset Custodian License to CoKeeps
CoKeeps announced its launch as a Digital Asset Custodian (DAC), being the first to secure a full license from the Securities Commission Malaysia (SC). The SC had previously granted in-principle approval to Gambit Custody in October to be a DAC.
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Effective Strategies for Fintech Startups and Scaleups
The financial technology arena is a vibrant ecosystem brimming with relentless innovation and swift evolution. This narrative unfolds the cornerstones that anchor the ascent of FinTech startups and scaleups, including those in competitive fields like trading. In a domain where
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Touch ‘n Go eWallet Users Can Now Earn Points for Rewards with GOrewards
TNG Digital has introduced a new loyalty programme called GOrewards for its 21 million Touch ‘n Go eWallet users. The programme allows users to collect points when they use their e-wallet to spend on daily necessities and more. With GOrewards,
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Travelers From 7 Countries Can Now Use Their Alipay-Supported E-Wallets in Malaysia
Travelers from eight countries can now use Alipay+ supported e-wallets to make digital payments in Malaysia by scanning PayNet’s DuitNow QR at over 1.8 million merchants nationwide. Effective 31 October 2023, travelers with the following Alipay+ supported wallets can make
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