Posts From Vincent Fong
Behind Razer’s Global Digital Banking Ambitions
Fresh into the year, Razer announced that they will enter Singapore’s digital banking race. In their announcement, there was a curious statement which piqued my attention, Razer said that it is aiming to be the “world’s first global youth bank”.
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KiplePay’s White Labelled E-Wallet is Unlikely the First Approved by BNM as They Claimed
There were multiple reports this week that claims KiplePay, a subsidiary of GreenPacket “has become the first fintech player in Malaysia to provide a white-labelled e-wallet solution with Bank Negara Malaysia’s (BNM) approval.” While I have no doubt that they
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What’s Next for GrabPay?
In Malaysia, e-wallets are all the rage these days. The Malaysian public’s interest with e-wallets was further accelerated when the government set aside RM 450 Million for the e-Tunai programme, which grants qualifying Malaysians RM 30 in selected e-wallets. With
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As a Long Time Fintech Observer, I’m Not a Fan of e-Tunai — Here’s Why
In this past couple of days, the e-Tunai programme seems to be all everyone is talking about and understandably so — free money tends to have that effect on people. In case you’re unfamiliar with the Malaysian scene or if
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Top 20 Malaysian Fintechs in 2020
It’s been nearly 3 years now since we last highlighted the best fintech startups that Malaysia has to offer. Since then there have been many players who have come and gone. As we enter 2020, it felt appropriate for us
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Malaysia’s New Regulation Permits Digital Token Offering Through IEOs
Securities Commission Malaysia (SC) today published a regulatory guideline on digital assets that outlines the framework for digital token offerings in Malaysia or more commonly known as ICOs to some. The guideline incorporated feedback received by the regulator following the
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Bank Negara Malaysia Issues Draft Framework for Virtual Banks
Bank Negara Malaysia today issued the exposure draft for the licensing framework for virtual banks. The central bank will be issuing up to five licenses to qualified applicants to establish digital banks to conduct either conventional or Islamic banking business
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5 Biggest Fintech Stories in Malaysia in 2019
We’re only 2 weeks away from 2020, for most Malaysians that grew up during the 80’s and 90’s Wawasan 2020 felt like it was a lifetime away and yet here we are, only a few days away from entering a
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LuxTag’s Equity Crowdfunding Campaign on pitchIN to Accept Bitcoin and XEM
Blockchain startup LuxTag announced that investors will be able to using their Bitcoin and XEM tokens to invest into their equity crowdfunding campaign which is now live on pitchIN. According to their media statement, pitchIN has obtained approval from Securities
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How I Survived Being Cashless For a Week Using Only GrabPay
Ever since Malaysia caught the e-wallet bug, I’ve always been curious about how difficult or easy it would be to go about my daily life using only e-wallets, but as someone who procrastinates quite a fair bit, I’ve been putting
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