Posts From Fintech News Malaysia

Financial Wellness Apps Touted as Differentiator in Race Against Digibanks

Digital banks found that financial wellness and digital money management tools are at the forefront of growing market share in the new era of engagement banking. A recent Backbase commissioned study, conducted by Forrester Consulting revealed that 64% of Malaysian

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MyMy Partners Mastercard Ahead of Launch in 2022, Raises RM4 Million Funding

Homegrown e-wallet player MyMy announced its partnership for a principal membership from Mastercard to add prepaid physical and virtual cards to their offering. MyMy said in a statement that it is the only Malaysian startup that was able to receive

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Razer Ties up With PayNet to Power Tap-on Phone Services for Merchants

Razer Merchant Services (RMS), the B2B arm of Razer Fintech, has partnered with Payments Network Malaysia (PayNet) to launch the MyDebit Tap-On-Phone (TOP) feature on the RMS Virtual Terminal (RMS VT) mobile application. Through the RMS and PayNet collaboration, merchant

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Maybank Rolls Out New Business Banking App for SMEs

Maybank has launched Maybank2u Biz, a mobile-first application for small and medium sized enterprises (SMEs) to help ease their business operations. The app was developed to cater to the needs of busy business owners, who are always on the go

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HSBC Malaysia Has Entered the BNPL Arena with Visa Instalments

HSBC Malaysia has launched Visa Instalments, a new credit option to establish fixed repayment terms for select purchases over a set period of time on e-commerce platforms. The bank said that its Visa cardholders can now instantly select to pay

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PayHalal Taps Atome for Islamic BNPL Services in Malaysia

Shariah-compliant payment gateway PayHalal has partnered with Buy Now Pay Later platform Atome, to enable seamless Murabaha buy now pay later (iBNPL) acceptance across the former’s merchant touchpoints in Malaysia. Murabaha is also known as cost-plus financing, an Islamic financing

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How Technical Debt Impedes Your Bank’s Ability to Innovate

In a technological landscape where speed to market has become a distinct competitive advantage, technical debt can seriously impede an organisation’s ability to innovate. Technical debt refers to shortcuts taken and gaps left unaddressed, as organisations race to cut down

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62% of Malaysians Open to Investing in Cryptocurrencies

Luno, a regulated digital asset exchange in Malaysia, announced the completion of an online nationwide survey aimed at understanding the financial management habits of everyday individuals. Conducted by YouGov, the data was collected from more than a thousand Malaysian adults

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Insurtech Firm PolicyStreet Raises RM 25 Million in Series A Round

Malaysian based insurtech firm PolicyStreet.com, announced the completion of its Series A fundraising round totalling RM25 million over two tranches. The latest round is led by Altara Ventures, Auspac Ventures, Gobi Partners, and the Leong family of Mah Sing Group

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StashAway Malaysia Rolls Out Three Tech-Focused Thematic Portfolios

Southeast Asian digital wealth manager StashAway announced that it has launched three thematic portfolios given its growing popularity that is eclipsing traditional equity sectors. The themes include technology enablers, the future of consumer tech, and healthcare innovation. According to StashAway,

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