Posts From Fintech News Malaysia

Merchantrade, NPCI International Join Forces to Offer Real-Time Remittances to India

Merchantrade Asia has partnered with NPCI International, a wholly-owned subsidiary of National Payments Corporation of India (NPCI), to offer real-time remittances to India through the Unified Payments Interface (UPI). UPI is an instant real-time payment system developed by  NPCI to

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Fave Rolls Out DuitNow QR Offering for Its 6 Million Users

Fave, Southeast Asia’s payments app, has emerged as another non-bank participant to offer DuitNow QR, Malaysia’s national QR standard to merchants in the country. This move was made possible through a partnership with the Payments Network Malaysia (PayNet). The introduction

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Huawei Vows To Enable Digital Ecosystem-Based Finance in APAC

Huawei held its first virtual Asia-Pacific Intelligent Finance Summit 2021 with the theme “Accelerate Digital Transformation in Banking, New Value Together” on 29 July 2021. As economies across the Asia-Pacific region continue to recover and rebound, leading banks and financial

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Hong Leong Eyes ESG Solutions for Its Upcoming Hackathon

Hong Leong Bank is calling all budding disruptors to join its ‘Can You Hack It’ Virtual Hackathon ASEAN Edition 2021 to find and co-create Innovative solutions focused on ESG. This virtual hackathon themed ‘Environmental, Social and Governance (“ESG”)’ aims to

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Sarawak Emerges as the Third State To Bid for Digibank License With Kenanga, Revenue Group

The state government of Sarawak has joined forces with Kenanga Investment Bank and Revenue Group to submit an application for a digital banking license from Bank Negara Malaysia. The three entities formed a special purpose vehicle (SPV) for a consortium named

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CIMB Rolls Out eKYC for Its First Fully-Digital Islamic Savings Account ‘OctoSavers’

CIMB Bank and CIMB Islamic Bank have launched the CIMB OctoSavers Savings Account-i, its first all-digital Islamic account where the account opening and onboarding process is self-executed entirely online. New customers will receive the newly launched Octo Debit Mastercard through

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U Mobile’s E-Wallet GoPayz Launches GoGold to Offer Digital Gold Purchase From RM5

Malaysian telecommunications service provider U Mobile’s standalone e-wallet GoPayz has collaborated with gold bullion trader ACE Capital Growth (ACE), a subsidiary of Ace Innovate Asia, to launch GoGold. This latest digital service found on the GoPayz app enables users to

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iFAST Malaysia’s FSMOne Offers Investment Opportunities in US and HK-Listed Securities

Singapore’s wealth platform iFAST Corporation announced that the group’s Malaysian operation, iFAST Capital, has launched trading capabilities in US and Hong Kong-listed securities. The offerings include stocks and Exchange Traded Funds (ETFs) on FSMOne, its Business-to-Consumer (B2C) online multi-asset digital

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Boost Rolls Out Automated Recurring Bill Payments

Homegrown e-wallet Boost has introduced three new bill payment features to provide Malaysians with the ability to pay their bills with a tap of a button without the hassle of multiple payment platforms and portals. The new features; AutoBills, MultiBills

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Sabah and Pahang Revealed to Be PUC’s Consortium Partners for Digibank License Bid

Publicly listed PUC Berhad, the e-commerce platform that was formerly known as 11street, revealed that Sabah and Pahang are the two state governments that it has partnered with to bid for one of the 5 digital banking licenses that Bank

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