Blog
Jaya Grocer Employees Gain Financial Flexibility with Paywatch’s On-Demand Pay
Jaya Grocer, a prominent supermarket chain in Malaysia, has announced a new partnership with Paywatch, a provider of earned wage access (EWA) services in Asia. This collaboration aims to provide Jaya Grocer employees with immediate access to their earnings to
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Ex-AmBank CEO Datuk Sulaiman Tahir to Lead Bank Pembangunan as New Chairman
Bank Pembangunan Malaysia has appointed Datuk Sulaiman Mohd Tahir as its chairman and independent non-executive director, effective 20 March 2024, according to The Star. Sulaiman is recognised for his extensive senior leadership experience in the financial sector of Malaysia, which
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Ant International Partnership to Boost Digital Growth for Capital A’s Businesses
Ant International has teamed up with Capital A, the parent company of AirAsia, to initiate a strategic partnership aimed at revamping digital payments, financial technologies, and promoting sustainability. This collaboration will see the integration of local payment methods and the
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HSBC ASEAN Growth Fund Targets Scaling Digital Companies with US$1 Billion
HSBC has unveiled a US$1 billion ASEAN Growth Fund that targets six of the region’s most rapidly developing countries, aiming to enhance the capabilities of digital platform enterprises. The HSBC ASEAN Growth Fund includes Indonesia, Malaysia, Philippines, Singapore, Thailand, and
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Muslims From KL, Penang, and Sabah Can Now Pay Zakat Through Touch ‘n Go eWallet
The Federal Territory Islamic Religious Council (MAIWP) has named TNG Digital, the operator of the Touch ‘n Go eWallet, as an official zakat collection agent with the aim to simplify the fulfillment of religious duties for Muslims. As part of
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Soft Space Secures Pre-series C Funding From Japan’s GMO Financial Gate
Malaysian fintech Soft Space has secured an investment from GMO Financial Gate, Inc. (GMO-FG), a major player in Japan’s payment processing industry, for its pre-Series C funding round. Financial details of the investment were not revealed. The collaboration aims to broaden
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SC Malaysia’s 2023 Annual Report: 5 Key Fintech Developments You Need to Know
The Securities Commission (SC) of Malaysia today unveiled its annual report for 2023, offering an in-depth analysis of the capital market’s performance and strategic initiatives over the past year. The report provides a thorough review of advancements in alterative fundraising,
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Bursa Malaysia Rules Out Offering Crypto on Its Multi-Asset Exchange Platform
Bursa Malaysia has ruled out offering cryptocurrencies on its multi-asset exchange platform, according to a report by the New Straits Times. The exchange’s CEO, Datuk Muhamad Umar Swift, explained that cryptocurrencies fail to align with the company’s mission to support
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GXBank Now Offers DuitNow QR Payments
Malaysia’s first digital bank, GXBank, has broadened its offerings by introducing QR code payments. Customers can now use DuitNow QR codes for a variety of transactions, including money transfers between friends and family by scanning QR codes. Additionally, GXBank enables
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Redefining Resilience for Banks in the Digital Era With the Four Zeros
The banking industry stands at the brink of a major transformation, driven by rapid technological advancements and changing customer expectations in a dynamic digital landscape. This transformation is not without its challenges, as banks grapple with the critical task of
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