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Luno Slashes 35% of Workforce as Crypto Fallout Rages On
Luno was the first digital assets exchange to be approved by the Securities Commission in Malaysia, opening the door for Malaysians to trade and store cryptocurrency assets in a more regulated setting. But as challenging macroeconomic factors adversely impact sectoral
Read MoreCIMB Debuts In-App Kill Switch to Suspend Accounts in a Suspected Breach
CIMB Bank and CIMB Islamic Bank has introduced a self-service ‘Lock Clicks ID’ feature which acts as a ‘kill switch’ for both its CIMB Clicks and CIMB OCTO apps. The new feature will enable customers to immediately freeze their online
Read MoreTouch ‘n Go Launches CSR-linked Numberless Visa Prepaid Card
Touch ‘n Go Group has partnered with Visa to launch a corporate social responsibility (CSR)-linked numberless prepaid card with a maximum transaction limit of RM5000 per day. With this card acting as a complementary payment channel to the Touch ‘n
Read MoreThe Growing Threat of Cybercrime as a Service to Asia’s Financial Institutions
The growth of internet usage, online banking, and digitalization of financial services has increased cybercrime and cyber criminals’ attack surface. Financial institutions are a prime target for cyber-attacks due to the large amounts of data and money they hold. In
Read MoreMalaysians Can Now Get Mobile Prepaid Top-Ups Directly From the BigPay App
BigPay, a Capital A venture company, has launched the prepaid mobile top-up feature so its Malaysian users can now top-up directly from their e-wallet balance. The feature is available for local telecom providers including Celcom, Digi, Hotlink, TuneTalk, U Mobile,
Read MoreGHL Rolls Out Grab’s BNPL Service PayLater for Physical Stores
Payment solutions provider GHL Systems will continue the rollout of Grab‘s Buy Now, Pay Later (BNPL) service for its in-store merchants following the enablement of PayLater back in 2021 for online purchases. PayLater by Grab gives consumers the flexibility of
Read MoreWill Ablr’s Ethical Approach to BNPL Stand The Test of Time?
”The “Buy Now, Pay Later” (BNPL) phenomenon has taken the world by storm. The concept is simple: customers can purchase and pay for items later, in installments, without accruing interest. BNPL has been a godsend for many people, allowing them
Read MoreInsurtech Startup Ouch! Raises Pre-Series A, Eyes Digital Takaful License
Ouch!, a tech-enabled insurance platform has announced a fully subscribed six figures pre-series A round and is set to continue this momentum with Ouch! exercising Its over-allotment for additional investors to come on board. This follows their RM 1.5 Million
Read MoreThai Unicorn Launches its TrueMoney E-Wallet in Malaysia’s Crowded Market
TrueMoney, a payments player and a subsidiary of Ascend Money announced today their launch in Malaysia. During their press event, they also announced that they are now the “official payment” provider for all of Lotus’s hypermarket locations across the country.
Read MoreFave Offers Cashback Loyalty Programme for 18 Million Touch ‘n Go eWallet Users
Southeast Asian payments platform Fave has partnered with Touch ‘n Go Group’s TNG Digital to launch a loyalty programme and earn up to 15 percent cashback across 17,000 F&B outlets and retailers. More than 18 million Touch ‘n Go eWallet
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