Fintech News Malaysia, Author at Fintech News Malaysia

Posts From Fintech News Malaysia

Luno Claims Crypto Exchange Top Spot in Malaysia with RM 827 Million in Transactions

Luno, the first Securities Commission-approved digital asset exchange in Malaysia, announced today that the company has processed over RM 827 million worth of transactions in Malaysia since its relaunch in 2019. Claiming it is the largest digital asset exchange in

Payments

Huawei Pay Now Available in Malaysia

Huawei announced that its mobile payment service, Huawei Pay, is now available to its Malaysian users. The same service was launched in Thailand in June 2020 This launch was in partnership with UnionPay International and Industrial and Commercial Bank of

E-Wallets

Merchantrade and Construction Manpower Firm to Facilitate Cashless Wages for Workers

Merchantrade Asia and the Construction Labour Exchange Centre Berhad (CLAB) have forged an alliance to facilitate cashless wages for both Malaysians and foreign workers in the construction industry. Through this collaboration, CLAB will facilitate contractors to pay salaries via top-up

Payments

PayNet Signs on Revenue to Develop Secure Payment Tokenisation

Payment solutions provider Revenue has secured a contract for the provisioning of the MyDebit tokenisation platform (TSP) for Payments Network Malaysia (PayNet). To formalise the deal, the company’s subsidiary Revenue Secure had signed an agreement with PayNet for the contract.

Crowdfunding

pitchIN Exceeds RM 100 Million in a New Milestone for Equity Crowdfunding

pitchIN hit a new equity crowdfunding milestone today when it recorded RM100 million funds raised for companies this week. This figure was reached by successfully hosting 74 companies who raised capital from nearly 5000 investors since 2016. pitchIN is the

Blockchain/Bitcoin

China Construction Bank to Raise US$ 3 Billion Blockchain Bond via Its Labuan Branch

China Construction Bank’s Labuan branch (CCB Labuan) has partnered with digital asset exchange firm Fusang to raise a US$ 3 billion bond on the blockchain. The bond will be issued by Longbond Ltd. a Special Purpose Vehicle (SPV) set up

Payments

Caltex Now Offers ShopeePay as a Contactless Payment Option

Chevron Malaysia Limited, which markets the brand Caltex, announced its partnership with Shopee to enable contactless payments via the e-commerce platform’s mobile wallet, ShopeePay at more than 420 Caltex service stations nationwide. This partnership will allow customers to transact using

Various

CIMB Launches New All-in-One HR Solution for SMEs

CIMB Bank and CIMB Islamic Bank unveiled its BusinessHR.asia solution, offering an all-in-one human resources platform for business customers. Co-hosted with HReasily, a regional digital human resource solutions provider, the cloud-based solution has been created and designed with small and

Various

CapBay Snaps Up 49% Stake in Kenanga Capital Islamic to Set Up Islamic Fintech Joint Venture

CapBay, a Malaysian P2P supply chain financing platform, has acquired a 49% stake in Kenanga Capital Islamic, a subsidiary of Kenanga Investment Bank Berhad, forming a joint venture with the latter to create an Islamic Supply Chain Finance fintech firm.