Payments
Tranglo Enables Direct Payments to Over 30 Global E-Wallets
Cross-border payment hub Tranglo has expanded its services to allow instant, direct cross-border payments to over 30 e-wallets worldwide. This development aims to streamline the process of cross-border payments by bypassing intermediaries, facilitating quicker access to funds for recipients, particularly
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Touch ‘n Go eWallet to Charge 1% Fee for Overseas QR Payments
Touch ‘n Go eWallet will implement a 1% conversion fee for overseas transactions starting 25 April 2024, according to its recently updated FAQ page. This new charge will be integrated into the daily exchange rate for the user’s travel destination,
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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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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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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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Overcoming Recurring Billing Challenges: A Case Study on Advanced Payment Solutions
The digital payment landscape in Malaysia is evolving rapidly, but many businesses, such as insurance companies, property management firms, and micro-lending companies, still grapple with recurring billing and subscription collection challenges. These issues often stem from customer behaviours and lead
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PayNet Rolls Out Cashless Payments at 46 Bazaar Ramadhan Nationwide
Payments Network Malaysia Sdn Bhd (PayNet) is gearing up to introduce its Cashless Bazaar Ramadhan campaign, aimed at fostering the adoption of cashless payments among MSMEs in seven states throughout Malaysia. This initiative, designed to make cashless transactions the go-to
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Razer Fintech and Razer Merchant Services Rebrands as Fiuu
Razer Fintech, the financial technology arm of Razer Inc., together with its B2B payments unit, Razer Merchant Services (RMS), announced a rebranding initiative today. The company unveils a new single name, logo, and identity as Fiuu, in a statement, they
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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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