Blog

Merchantrade Acquires Valyou From Telenor Group

Merchantrade, a digital money services business operator and e-money issuer, has acquired a 100% stake in Valyou from the Norwegian Telenor Group following a competitive bidding exercise. Valyou is a mobile fintech player in Malaysia and a cross-border digital remittance

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Banks Should Turn to Using AI in eKYC in the Digital Arms Race

There’s an old joke on how on the internet nobody knows that you’re a dog, which speaks to how the internet has become synonymous with anonymity. While anonymity is fine in many instances, in an increasingly digital world it has

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Valyou Launches Blockchain-Based Remittance Services in Bangladesh

Valyou, Malaysian digital remittance provider, announced the launch of blockchain-based remittance services in Bangladesh in partnership with Standard Chartered and bKash, a mobile financial service provider, to facilitate instant transfers from Malaysia. The service is powered by blockchain technology from

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MyCash Money Picks Onfido to Power its eKYC

Onfido bags MyCash Money as its latest customer in the region, providing the company identity verification and authentication services. Besides MyCash, Onfido also counts fintechs like BigPay and MoneyMatch among its base of customers in Malaysia. MyCash Money, is an

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Hong Leong Rolls Out Smartphone Payment Terminals Powered by PayNet & Soft Space

Hong Leong Bank announced today the roll out of its “Hong Leong Tap on Phone” solution, which enables Android mobile devices to be used a card payment acceptance device. This new contactless feature is made possible through a partnership with

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Huawei Developer Conference 2020 to Discuss HarmonyOS, HMS Core 5.0, EMUI 11, Fintech, and More

From September 10 to 12, 2020, Huawei will be hosting its annual developer conference, a multi-day event expected to bring together more than 400 industry veterans and over 500 tech firms to discuss the latest trends and technologies set to

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TM Selects CapBay as Fintech Partner for Vendor Financing Programme

CapBay, a P2P supply chain financing platform, became the first and only fintech selected to be part of Telekom Malaysia’s (TM) Vendor Financing Programme known as Perintis. CapBay said it will aim to provide fast, affordable and fair access to

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Boost Expands Digital Insurance Services Following US$70M Investment from Great Eastern

Axiata Digital’s e-wallet Boost has introduced a suite of affordable and accessible micro insurance/takaful coverage under ‘Boost Protect’. This new feature available under the ‘Insurance’ tile in the app marks Boost’s foray into expanding the use of its e-wallet beyond

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Fi Life Introduces New 10 to 30-Year Level Term Life Insurance Policies

Fi Life announced the expansion of its existing 20-year level term life insurance policy to 10-year, 15-year, 25-year and 30-year level terms. These level term policies underwritten by Tokio Marine Life Insurance Malaysia Bhd is in addition to the yearly

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Boost Sees 140% Spike in Gross Transaction Value

E-wallet operator Boost said in a media statement that Malaysian consumers have embraced a digital lifestyle and made contactless payments as the key payment method during the Recovery Movement Order (RMCO). This comes as Boost is reporting 140% increase in

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