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kiplePark to Enable Cashless Parking Using Only Your Car Plate Number
E-Wallets Payments

kiplePark to Enable Cashless Parking Using Only Your Car Plate Number

kiplePark, a wholly-owned brand of Green Packet Berhad, announced the launch of their license plate recognition (LPR) technology which they to be the first in Malaysia. The kiplePark LPR is a system where users only need to register their car

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XOX Mobile To Launch Mastercard Enabled E-Wallet Soon
E-Wallets Payments

XOX Mobile To Launch Mastercard Enabled E-Wallet Soon

XOX Mobile an MNVO operator is the latest in the long line of companies joining the e-wallet game in Malaysia. XOX Mobile’s CEO, Ng Kok Heng told local media that they are eyeing to capture 10% of the market within

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JomParking Enables GrabPay as Payment Option
Payments

JomParking Enables GrabPay as Payment Option

Jom Parking a startup that enables digital payments for on-street parking has announced that their app now supports GrabPay as a payment option. This is in addition to existing methods like online banking, debit card and credit cards. According to

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Labuan Grants China Construction Bank Approval to Conduct Digital Banking Activities
Virtual Banking

Labuan Grants China Construction Bank Approval to Conduct Digital Banking Activities

Labuan Financial Services Authority (Labuan FSA) has granted its approval for China Construction Bank Corporation Labuan Branch (CCBL) to conduct digital banking activities in the Labuan International Business and Financial Centre (Labuan IBFC). CCBL was the first to clinch Labuan

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P2P Financing Platform Fundaztic Launches Capital Protection Scheme
Lending WealthTech

P2P Financing Platform Fundaztic Launches Capital Protection Scheme

Fundaztic a peer to peer (P2P) financing platform approved by the Securities Commission Malaysia announced today the introduction of Principal Protect. The Principal Protect scheme is offered by Fundaztic in a bid to enhance investor trust and confidence by providing

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Selangor Launches All-in-One Digital Payments Platform CEpat
Payments

Selangor Launches All-in-One Digital Payments Platform CEpat

The Selangor government announced today the launch of a digital payments platform dubbed Citizens Electronic Payments Platform (CEpat). CEpat is intended to be a single platform in which citizens can make payments to all government agencies at various levels of the

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MyPay Launches its Government Digital Payments Platform
Payments

MyPay Launches its Government Digital Payments Platform

Home-grown tech company Dapat Vista announced the official launch of its government e-payments service, MyPay. They first announced their foray into the market in January 2019 when they launched the beta version of their service, the company started out as

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ASEAN Needs to Address Several Gaps to Be at the Forefront of Fintech
Various

ASEAN Needs to Address Several Gaps to Be at the Forefront of Fintech

Experts in both the public and private sectors all agreed that ASEAN stands to be at the forefront of the development of financial technology fintech by making financial services and financing available to both the 53% of unbanked population and

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CIMB’s Virtual Bank in Philippines Secures Half a Million Customers in 6 Months
Virtual Banking

CIMB’s Virtual Bank in Philippines Secures Half a Million Customers in 6 Months

CIMB announced that its virtual bank that was launched earlier this year have secured 500,000 customers, approximately six months after opening its doors for business in the Philippines. The all-digital, mobile first bank is part of CIMB’s strategy in penetrating

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GHL to Offer Lending Services in Malaysia and Thailand
Lending

GHL to Offer Lending Services in Malaysia and Thailand

GHL announced today that they have obtained their operating licences from the respective regulators in Malaysia and Thailand to commence money lending services. The licences were issued by the Ministry of Housing and Local Government (Money Lending Licence under the

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