Blog

BigPay Announces the Launch of Remittance Services

BigPay, Air Asia Group’s fintech focused company announced today the launch of their international remittance service, which enables users to send money directly from Malaysia to bank accounts in Singapore, Thailand, Indonesia, and the Philippines, with no hidden fees and

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70% of Malaysians Prefer to Visit Shops that Accept Digital Payments, Visa Study Says

Digital payments are becoming the payment method of choice in Malaysia, with 70 percent of consumers preferring to visit merchants that accept digital payments compared to those that only accept cash, according to the Visa Consumer Payment Attitudes Study 2018.

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Public Bank Launches New Mobile Banking App With DuitNow’s Universal QR

Public Bank released yesterday its new mobile banking app named PB Engage MY on Google Playstore and Apple App Store. The new app features a refreshed and a slightly more modern aesthetic compared to its previous iteration. New functionality for

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CoinGecko Releases “Trust Score 2.0” to Improve Transparency Amongst Crypto Exchanges

Building upon the success of Trust Score, CoinGecko today announced Trust Score 2.0, which will bring about a more robust exchange ranking system. This was launched, following several high-profile cryptocurrency exchange closures and hacks during the first half of 2019,

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Malaysian Banks Don’t Spend Enough on Tech — At Risk of Disrupted by Virtual Banks

A recent report by S&P Global outlining the future outlook for Malaysia’s financial services sector highlighted that Malaysian banks are underspending in technology. The report contrasted the ratio of tech spending to operating expense of Malaysia banks versus the likes

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Why eKYC is Key To Unlocking Malaysia’s Digital Banking Revolution

  I’ve moderated and sat in a fair number of fintech panel discussions over the years, a question that is brought up 9 out 10 of every panel discussion is “What do you think are the key technology shaping fintech

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kiplePark to Enable Cashless Parking Using Only Your Car Plate Number

kiplePark, a wholly-owned brand of Green Packet Berhad, announced the launch of their license plate recognition (LPR) technology which they to be the first in Malaysia. The kiplePark LPR is a system where users only need to register their car

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XOX Mobile To Launch Mastercard Enabled E-Wallet Soon

XOX Mobile an MNVO operator is the latest in the long line of companies joining the e-wallet game in Malaysia. XOX Mobile’s CEO, Ng Kok Heng told local media that they are eyeing to capture 10% of the market within

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JomParking Enables GrabPay as Payment Option

Jom Parking a startup that enables digital payments for on-street parking has announced that their app now supports GrabPay as a payment option. This is in addition to existing methods like online banking, debit card and credit cards. According to

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Labuan Grants China Construction Bank Approval to Conduct Digital Banking Activities

Labuan Financial Services Authority (Labuan FSA) has granted its approval for China Construction Bank Corporation Labuan Branch (CCBL) to conduct digital banking activities in the Labuan International Business and Financial Centre (Labuan IBFC). CCBL was the first to clinch Labuan

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