Blog
Over 100,000 Malaysians Signed up for GXBank’s Physical Debit Cards in 2 Weeks
Malaysia’s first digital bank, GXBank, announced that it has surpassed 100,000 debit card users, just two weeks after launching its physical cards. This milestone builds on the bank’s rapid growth since its public launch in November 2023, when it also
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BNM’s RENTAS Modernisation Plans to Futureproof Malaysia Payments Infrastructure
The Real Time Electronic Transfer of Funds and Securities System (RENTAS) represents a cornerstone of the financial infrastructure in Malaysia, facilitating the real-time gross settlement (RTGS) of large-value payments across the nation’s financial institutions. This pivotal system facilitates the seamless
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BNM’s New Sandbox Introduces a Fast Lane for Financial Institutions
Bank Negara Malaysia (BNM) has announced updates to its Financial Technology Regulatory Sandbox Framework policy document in a bid to further boost fintech innovation in the country. Initially launched in October 2016, the framework was designed to foster a regulatory
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Huobi-Backed Torum Set to Launch New Digital Asset Exchange Platform in Malaysia
The Securities Commission Malaysia (SC) has issued an approval-in-principle to Torum International, paving the way for the establishment of a new digital asset exchange (DAX) in the country. This decision marks Torum as the sixth entity to receive such licensing
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Touch ‘n Go eWallet to Adopt 100% e-KYC, Plans to Offer BNPL, Gold Trading
TNG Digital, the operator of Touch ‘n Go eWallet, announced its strategic plans for 2024 today, with a focus on security and introducing innovative financial products. Touch ‘n Go eWallet has introduced a comprehensive e-KYC verification process, becoming the first
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MoneyLion’s Co-Founder Foong Chee Mun Appointed CPO at YTL-Sea Digital Bank Project
Foong Chee Mun has assumed the role of Chief Product Officer at the YTL-Sea Digital Bank Project, which is among the five entities awarded a digital banking license in Malaysia. In addition to his new role, Foong also heads YTL
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Soft Space Claims World-First to Bag Global MPoC Certification for SoftPOS Solution
Malaysian fintech Soft Space announced that its SoftPOS solution FasstapTM has been certified under the Mobile Payment Commercial Off-the-Shelf (MPoC) Solution Provider standards by the Payment Card Industry Security Standards Council (PCI SSC). The fintech claims to be the first
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SC and USM Launch Varsity Hackathon for Students to Nurture Islamic Fintech Talent
The Securities Commission Malaysia (SC), in partnership with the Computer Science Student Society of Universiti Sains Malaysia (USM), announced the launch of the Varsity Hackathon (VHACK) set to take place from 27 February to 20 April 2024. This initiative aims
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Futu’s Investment App Moomoo Now Available in Malaysia
Hong Kong-based Futu Holdings has officially launched its investment app Moomoo in Malaysia. This is the second market that Futu has expanded to in Southeast Asia following its Singapore launch in June 2021. Moomoo has been granted a Capital Market
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NEXEA and PayNet Launch Accelerator to Support Malaysian Payment Startups
NEXEA, a venture capital and startup accelerator firm, has joined forces with Payments Network Malaysia (PayNet) to launch an accelerator programme. The PayNet Accelor programme aims to foster innovation in the country’s startup ecosystem, particularly focusing on digital transformation in
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