TNG Digital has added an EV charging feature to its e-wallet, allowing drivers in Malaysia and Singapore to find, activate, and pay for charging across multiple charge point operators through one app. Powered by Voltality, a wholly owned subsidiary of Beep, the new feature connects users to various EV charging networks without requiring separate operator apps. Payments are processed directly through TNG eWallet, with automatic deductions and near-instant refunds for any unutilised balance, without the need for card entry, separate top-ups, or multiple accounts. The service currently provides access to more than 6,000 charging points across 1,700 locations in both…

Maybank has facilitated more than RM4 trillion in digital transactions over the past five years, following the launch of its MAE app in 2020. The total transaction value is roughly equivalent to twice Malaysia’s GDP. Maybank also reported that it ranks first in both the number and value of transactions across PayNet services, including DuitNow transfers and QR payments, FPX, and JomPAY. As the first bank in Malaysia to introduce QR payments in 2017, Maybank has expanded its cashless network, enabling instant payments via Scan & Pay at zero transaction fee. Transactions through the MAE app grew 51 times between…

The ASEAN Artificial Intelligence Safety Network (ASEAN AI Safe) will set up its regional headquarters in Kuala Lumpur early next year, the Digital Minister Gobind Singh Deo announced. According to Bernama, the ASEAN AI Safe Secretariat will coordinate regional initiatives to strengthen collaboration and advance safe and responsible AI development across member states. The network aims to bring together all ASEAN countries to build a trustworthy, inclusive, and secure AI ecosystem. It will operate in line with regional frameworks such as the ASEAN Digital Masterplan 2025, the Guidelines on AI Governance and Ethics, and the ASEAN Responsible AI Roadmap 2025–2030, while…

AI is changing banking faster than ever, from how banks detect fraud to how customers interact with apps. In this roundtable moderated by Fintech News Network’s Vincent Fong, top leaders from Malaysia’s digital and incumbent banks discuss how they’re applying AI across every layer of operations and what’s next as agentic AI enters finance. Featuring: William Streitberg, Chief Information and Technology Officer, Hong Leong Bank Kaushik Chowdhury, CEO, GXBank Nic Ngoo, CTO, Ryt Bank Chee Mun Foong, Chief Product Officer, Ryt Bank Glen Cha, CTO, AEON Bank Diana Boo, CMO, Boost Gerard Ang, Country Head, Financing & Securities Services, Standard…

The growth of Islamic finance is one of the most transformative shifts in global banking. With assets projected to reach $3.8 trillion by 2025 and nearly two billion Muslims still underserved, the opportunity ahead is undeniable. But while demand accelerates, many Islamic banks remain held back — not by principles or potential, but by technology. Islamic finance is driven by principles At its heart, Islamic finance is guided by values — trust, fairness, transparency, and ethical responsibility. These are more than words on a mission statement; they are the foundation upon which every Shari’ah-compliant product is built. Yet in an…

Dato’ Mohd Muazzam Mohamed will step down as Group CEO on 12 December 2025, ending a decade-long tenure at Bank Islam. His resignation will take effect on 7 January 2026. The bank’s Group Chief Business Officer for Retail Banking, Mizan Masram, will assume the role of officer-in-charge from 13 December 2025 to ensure a smooth transition. Dato’ Mohd Muazzam will serve his notice during this period, supporting Mizan throughout the handover. Appointed as Group CEO in 2018, Dato’ Mohd Muazzam led Bank Islam’s digital transformation, including the launch of Be U, a cloud-native mobile banking app, and several e-payment initiatives.…

Bank Negara Malaysia (BNM) is expected to complete its domestic wholesale central bank digital currency (CBDC) proof of concept (PoC) by the end of the year, the Ministry of Finance (MOF) said in a written parliamentary response. According to Bernama, the initiative is being carried out in a controlled environment to assess how a wholesale CBDC could enhance Malaysia’s large-value payment infrastructure. It also aims to build technical expertise in distributed ledger technology (DLT) among the central bank and financial institutions. The MOF said the pilot focuses on strengthening the Real-time Electronic Transfer of Funds and Securities System (RENTAS), the…

Bank Negara Malaysia (BNM) has moved to tighten rules on account closures linked to money laundering cases, requiring banks to issue written explanations and clear appeal procedures to affected customers, Bernama reported. Deputy Finance Minister Lim Hui Ying said the new directive ensures financial institutions provide written notices to customers whose accounts are closed under the Anti-Money Laundering, Anti-Terrorism Financing and Proceeds of Unlawful Activities Act 2001 (AMLA). These notices must state the reason for closure without disclosing sensitive details that could compromise investigations. They must also include information on how to file an appeal, the available channels, timelines, and…

Invest Hong Kong (InvestHK) announced the 10th anniversary of the Hong Kong Fintech Week x StartmeupHK Festival 2025 (HKFW x SMUF) recently, which will be held from 3 November 2025 to 7 November 2025. The landmark joint celebration will mark a decade of innovation, bringing together two of the city’s flagship events to create an expanded platform spanning the full spectrum of technology, entrepreneurship, and business transformation. The collaboration reaffirms Hong Kong’s commitment to driving the digital economy, leveraging its position as a leading international financial centre and a vibrant start-up hub. As Hong Kong’s premier innovation-focused event, HKFW x…

Bank Negara Malaysia’s former governor, Muhammad Ibrahim, has addressed his position at Cambodia’s Prince Bank following the sanctions placed on the bank’s parent company, Prince Group, by US and UK authorities, according to Free Malaysia Today. He explained that his role is independent and non-executive, centred on governance, risk oversight and regulatory compliance under Cambodian banking regulations. Ibrahim emphasised that the bank functions separately from its shareholders and said he remains focused on upholding transparency and strong governance as the situation unfolds. Prince Bank’s public filings name him as an independent director and show several Malaysians in senior roles overseeing…

TNG eWallet has introduced its new Visa Travel Card, aimed at Malaysians who frequently spend overseas. The card is a Visa-branded prepaid product linked to a user’s e-wallet balance and supports worldwide payments and ATM cash withdrawals via the Visa Plus network. The Travel Card includes one free international ATM withdrawal per month, after which a RM10 fee applies. By comparison, the Basic Card charges RM10 for each international ATM withdrawal. The Travel Card offers up to 3% cashback on overseas spending, versus up to 1% on the Basic Card, which is positioned for everyday local use. Each user can…

Malaysians can now pay for their parcels in seconds as Pos Malaysia brings DuitNow QR to cash-on-delivery (COD) payments. Through a partnership with fintech platform Fiuu and Payments Network Malaysia (PayNet), Pos Malaysia is enabling customers to settle COD payments by scanning a QR code on their smartphones. Powered by Fiuu’s payment platform and leveraging PayNet’s DuitNow QR, the new feature removes the need for cash, allowing faster and more secure doorstep transactions. More than 6,000 Pos Malaysia riders across Peninsular Malaysia, Sabah, and Sarawak are being equipped to accept DuitNow QR payments. The move also helps reduce issues such…

ShopeePay has partnered with iFAST Capital to launch ShopeePay Invest, a new feature that enables Malaysians to start investing from RM10 as part of its ‘Simple Finance For All’ mission. The service is available on both the Shopee and ShopeePay apps and gives users access to 38 curated funds across international and local markets, sectoral themes, and Shariah-compliant options. For a limited period, users can also enjoy zero sales fees on all fund subscriptions. ShopeePay Invest is being rolled out in phases and will be accessible to all users by 29 October 2025. To mark the launch, ShopeePay is running…

Malaysia was one of only two markets globally to record year-on-year score increases across all three pillars of financial inclusion, government support, financial system support, and employer support, according to the 2025 Global Financial Inclusion Index from Principal Financial Group and the Centre for Economics and Business Research (Cebr). Employer support in Malaysia rose 0.8 points year-on-year, while government support and financial system support increased by 0.7 points and 0.1 points respectively. Now in its fourth year, the Index evaluates how governments, financial systems, and employers facilitate financial inclusion across 42 markets, ranking them both on absolute scores and relative…

TNG Digital has appointed Datuk Syed Zaid Albar as its Chairman and Non-Independent Non-Executive Director, effective 17 October. Datuk Syed Zaid is a senior lawyer with expertise in financial services and corporate advisory. He co-founded Albar & Partners and has been recognised for his work in debt capital markets, equity finance, and Islamic finance. He left legal practice in 2018 to serve as Executive Chairman of the Securities Commission Malaysia (SC) until mid-2022. In that role, he contributed to the governance and regulatory oversight of Malaysia’s capital markets. Domestically, he served on the BNM Financial Stability Committee and the Board…

Agentic AI is moving beyond simple chatbots to become an intelligent layer that can reason, act and deliver value across financial services. The global Agentic AI for financial services market is projected to surpass US$80 billion by 2034, showing how quickly this technology is transforming banks, fintechs and payment providers. In this session, we will discuss: How agentic AI is transforming financial services through new capabilities, live deployments and early results Homegrown e-wallet Boost’s AI journey from AI-based lending to the Boba chatbot and now agentic AI in financial services The business impact of agentic AI on customer experience, lead…

Cash is fading fast in Malaysia. The country’s central bank reported that Malaysia’s retail e-payment transactions reached RM698.1 billion in 2024, an uptick of 17%, from RM592 billion in 2023. Most of it can be attributed to the “new normal” of FPX and DuitNow, which are making the shift to cashless no longer a trend, and are leading the charge as digital wallets become a daily habit for millions. Paving the way is Razorpay Curlec, one of, if not the fastest-growing, payment gateway providers in Malaysia. Since joining the Razorpay group, Curlec has emerged as a key player powering everything from…

Alipay+ reported that mobile-first habits are reshaping how international travellers spend in Malaysia. Ranked among the world’s top five most popular destinations and first in Southeast Asia by transaction volume, Malaysia is seeing increased mobile wallet use not only in Kuala Lumpur but also in secondary cities such as Semporna, Kuantan and Tawau. With the Visit Malaysia 2026 campaign targeting 47 million visitors, Alipay+ is working with local merchants and the tourism sector to meet rising demand by expanding its payments and digital services ecosystem. This includes extending cross-border payment acceptance to over 100 markets and partnering with 40 digital…

Tradeview Capital and Funding Societies Malaysia have launched the Tradeview Funding Societies Income Fund (TFSIF). It is a wholesale private credit fund aimed at strengthening Malaysia’s economy by channelling capital to SMEs while offering investors steady returns. The open-ended fixed-income fund provides monthly income distributions and liquidity opportunities. It combines Tradeview Capital’s disciplined fund management with Funding Societies’ SME origination and risk analytics platform to build a diversified, low-volatility portfolio. TFSIF targets a 6% annual return, distributed monthly, by investing primarily in short-term investment notes issued by Malaysian SMEs through the Funding Societies platform. It focuses on underserved but creditworthy…

The Securities Commission Malaysia (SC) and TERAJU Bumiputera Corporation (TERAJU) have signed a MoU to expand capital market access for Bumiputera micro, small and medium enterprises (MSMEs) and mid-tier companies (MTCs). The two-year MoU supports the SC’s Catalysing MSME and MTC Access to the Capital Market: 5-Year Roadmap (2024–2028), which targets RM40 billion in market-based fundraising by 2028. It also aligns with the 13th Malaysia Plan’s goal of helping Bumiputera businesses scale regionally and globally. The partnership will strengthen fundraising readiness through the SC’s Elevate programme, led by Capital Markets Malaysia (CMM), an SC affiliate. The initiative helps companies enhance…