Posts From Fintech News Malaysia
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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AmBank Taps Jamie Ling as New Group CEO, Succeeding Dato’ Sulaiman
Jamie Ling Fou-Tsong has been appointed as the Group Chief Executive Officer and Chief Executive Officer of AmBank. His appointment takes effect on 23 November 2023. He succeeds Dato’ Sulaiman Mohd Tahir who was reported to be leaving the bank
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7 Reasons to Invest in Precious Metals
Investing in precious metals, such as gold, silver, platinum, and palladium, has long been considered a savvy move for diversifying one’s portfolio. Their inherent value, scarcity, and lasting appeal throughout history make them highly sought-after assets. This article will delve
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SC Launches Maqasid Al-Shariah Guidance to Enhance Islamic Capital Market
The Securities Commission Malaysia (SC) has launched a new guidance for the Islamic capital market – Maqasid Al-Shariah Guidance Islamic Capital Market Malaysia. The guidance was launched by Deputy Minister of Finance I, Datuk Seri Ahmad Maslan at the SC-World
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New AWS Region to Launch In Malaysia by 2024 With RM25.5 Billion Investment
The Amazon Web Services (AWS) is expanding its presence in Malaysia by going live with the new AWS Region in Kuala Lumpur in 2024. AWS will invest RM 25.5 billion to build the new AWS Region in Malaysia by 2037
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