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    Fintech News Malaysia

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    Lending

    Funding Societies Optimistic that P2P Financing will Reach RM 1 Billion This Year

    By Fintech News MalaysiaJanuary 6, 2020

    2019 was a strong year for Malaysia’s peer-to-peer (P2P) financing industry as total financing increased to RM521 million cumulatively and…

    Digital Banking

    Bank Negara Malaysia Issues Draft Framework for Virtual Banks

    By Vincent FongDecember 27, 2019

    Bank Negara Malaysia today issued the exposure draft for the licensing framework for virtual banks. The central bank will be…

    Malaysia

    5 Biggest Fintech Stories in Malaysia in 2019

    By Vincent FongDecember 19, 2019

    We’re only 2 weeks away from 2020, for most Malaysians that grew up during the 80’s and 90’s Wawasan 2020…

    Lending

    Alixco Targets Investors from South East Asia and Europe to Widen its Base

    By Sponsored PostDecember 19, 2019

    Alixco, a P2P financing platform regulated by the Securities Commission of Malaysia announced today that it is opening its platform…

    Blockchain/Bitcoin

    LuxTag’s Equity Crowdfunding Campaign on pitchIN to Accept Bitcoin and XEM

    By Vincent FongDecember 18, 2019

    Blockchain startup LuxTag announced that investors will be able to using their Bitcoin and XEM tokens to invest into their…

    E-Wallets Payments

    How I Survived Being Cashless For a Week Using Only GrabPay

    By Vincent FongDecember 18, 2019

    Ever since Malaysia caught the e-wallet bug, I’ve always been curious about how difficult or easy it would be to…

    Digital Transformation

    eKYC to Be Introduced to Banks Soon

    By Vincent FongDecember 17, 2019

    Bank Negara Malaysia issued on Monday the much anticipated eKYC exposure draft for financial institutions in Malaysia, this draft when…

    Insurtech

    Axiata to Distribute Digital Insurance Through Aspirasi, Boost and Celcom

    By Vincent FongDecember 13, 2019

    Axiata Digital Capital’s Aspirasi announced Thursday, a partnership with Great Eastern to provide affordable insurance and takaful products for consumers,…

    E-Wallets Payments

    GHL Powers E-Wallet Acceptance with 750 Retailers Across Sunway’s Malls

    By Fintech News MalaysiaDecember 12, 2019

    Sunway Malls announced yesterday the adoption of a Unified Payment Terminal which accepts cashless payments from major e-wallets, debit cards,…

    E-Wallets Payments

    ASEAN’s Largest Cashless Store Launched in Kuala Lumpur

    By Vincent FongDecember 12, 2019

    PUC Berhad and Smuzcity Berhad announced today the launch JDX Presto concept store, which they claim is the largest cashless…

    Insurtech

    Want to Innovate? Don’t Be Afraid of Being Fired Says AXA Affin Life CEO

    By Vincent FongDecember 11, 2019

    “If you want to innovate, you must never be afraid of being fired” Those were the first lines that…

    E-Wallets Payments

    Touch ‘n Go eWallet Enables Street Parking Payment in Klang Valley

    By Fintech News MalaysiaDecember 10, 2019

    The Touch ‘n Go eWallet announced today that they have enabled street parking payment for areas under the jurisdiction of…

    Banking Digital Transformation

    UOB Finlab’s Jom Transform Programme Sees 30% Increase in Productivity for its SME Cohort

    By Fintech News MalaysiaDecember 5, 2019

    UOB Malaysia and Finlab announced Wednesday that the SMEs that have completed their Jom Transform Programme are expected to see…

    WealthTech

    A Beginner’s Guide to Robo Advisors and ETF in Malaysia

    By Vincent FongDecember 3, 2019

    It’s been two years now since I sat down at Securities Commission Malaysia’s press conference when its then chairman Tan…

    Various

    Fintech Malaysia Report 2019 — How is Malaysia’s Fintech Scene Doing?

    By Vincent FongDecember 3, 2019

    In 2017, we started Fintech News Malaysia with a simple goal — to help shine the spotlight on deserving fintech…

    Various

    SoCash’s Latest Partnership to Enable ATM-Free Cash Withdrawals at 10,000 Location

    By Fintech News MalaysiaNovember 29, 2019

    soCash a Singaporean fintech startup that enables users to withdraw cash from retailers, has announced their partnership in Malaysia with…

    Payments

    PayNet Teams up With NETS to Enable Cross Border Debit Card Payments, QR Payments is Next

    By Vincent FongNovember 29, 2019

    PayNet and it’s Singaporean counterpart NETS announced today the launch of a real-time cross-border payments using MyDebit ATM cards in…

    E-Wallets Payments

    DuitNow QR Gains Traction as Fave Becomes The Latest to Adopt the National Payment QR

    By Vincent FongNovember 28, 2019

    Paynet and Fave announced today that FaveBiz is the first non-bank merchant acquirer to offer DuitNow QR, Malaysia’s national QR…

    E-Wallets Payments

    RHB Facilitates Adoption of Boost e-Wallet at Government Clinics

    By Fintech News MalaysiaNovember 26, 2019

    RHB Islamic Bank announced today that they have collaborated with Boost and the Ministry of Health Malaysia to enable e…

    Islamic Fintech

    Sedania Launches Islamic Financial Marketplace Assidq.com

    By Vincent FongNovember 26, 2019

    Sedania As Salam Capital Sdn Bhd, a wholly-owned subsidiary of Sedania Innovator Berhad, has announced the launch Assidq.com, an Islamic…

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