Blog
Why Australia is a Great Destination for Malaysian Fintech Startups
When it comes to expansion plans for Malaysian fintech startups, the usual suspects are normally our ASEAN neighbors like Indonesia, Singapore, Philippines and Thailand. One country that is often not considered, but might be worth deeper inspection the next time
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BNM Issues e-KYC Exposure Draft for Money Changers
Following the introduction of e-KYC guidelines for remittance companies in 2017, Bank Negara Malaysia issued an exposure draft which expands similar e-KYC guidelines for money changers in Malaysia. The draft outlines proposed mininum requirements and standards that a licensed money
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CIMB and Axiata Teams up To Offer Financing Solutions to 700,000 SMEs
CIMB Group has entered into a partnership with Axiata Digital Capital to help 700,000 SME customers in Malaysia and Indonesia to access financing solutions. This will be done through Axiata Digital Capital’s micro lending platform, Aspirasi. Victor Lee, CEO Commercial
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Grab Malaysia Launches Daily Insurance for E-Hailing Drivers
Grab Malaysia unveiled a usage-based motor insurance and takaful for e-hailing driver in Malaysia, Grab Daily Insurance (GDI). Designed in partnership with 14 leading insurers and takaful operators in the country, the innovative product offers driver an accessible, yoption to
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TNG Digital Appoints Ex-Malaysia Airlines Veteran as Its New CEO
TNG Digital a Malaysian e-wallet formed as a result of a joint-venture between Touch ‘n Go and Ant Financial Group, announced today that it has appointed Ignatius Ong as its new Chief Executive Officer (CEO). Ignatius succeeds Syahrunizam Samsudin, who
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BNM: E-Wallets Need to Move Beyond Cashbacks to Be Sustainable
During his keynote speech at the “Malaysian E-Payments Excellence Awards” Assistant Governor Adnan Zaylani Mohamad Zahid outlined the state of e-payments in Malaysia and the key strategic focus for Malaysia’s payments journey. Some key progress that we’ve made that was
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Public Bank First to Adopt DuitNow QR
DuitNow QR is established under Bank Negara Malaysia’s Interoperable Credit Transfer Framework (ICTF). ICTF mandates that PayNet, as the country’s shared payment infrastructure provider, implement an interoperable and common QR standard for Malaysia. DuitNow QR is an extension of the
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Valyou to Enable In-App Remittance to Western Union Agent Locations
Valyou, fintech subsidiary of Telenor group announced today that its e-wallet has integrated with Western Union to enable its customers in Malaysia to send money to Western Union agent locations across Bangladesh, Indonesia, Philippines, India, Vietnam, Myanmar, Cambodia, China and
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BSN Teams up With Sarawak Pay to Serve Rural Communities in Sarawak
Bank Simpanan Nasional announced today its collaboration with Sarawak Multimedia Authority during the launch of Sarawak Pay, an e-wallet application geared towards serving the rural communities within Sarawak. The state government received Bank Negara Malaysia’s approval to roll-out its e-wallet
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GHL to Offer Installment Payment Solution to 2,000 of Its Online Merchants
GHL Systems Berhad announced today that will be teaming up with Splitit Payments to offer the latter’s installment solutions to 2,000 of its online merchants in Malaysia, Thailand, Indonesia, and Philippines. GHL is one of the top merchant acquirers in
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