Archive

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 they 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

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

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

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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Why Australia is a Great Destination for Malaysian Fintech Startups

When it comes to expansion plans for Malaysian fintech startups, the usual suspects are normally our ASEAN neighbors like Indonesia, Singapore, Philippines and Thailand. One country that is often not considered, but might be worth deeper inspection the next time

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BNM Issues e-KYC Exposure Draft for Money Changers

Following the introduction of e-KYC guidelines for remittance companies in 2017, Bank Negara Malaysia issued an exposure draft which expands similar e-KYC guidelines for money changers in Malaysia. The draft outlines proposed mininum requirements and standards that a licensed money

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CIMB and Axiata Teams up To Offer Financing Solutions to 700,000 SMEs

CIMB Group has entered into a partnership with Axiata Digital Capital to help 700,000 SME customers in Malaysia and Indonesia to access financing solutions. This will be done through Axiata Digital Capital’s micro lending platform, Aspirasi. Victor Lee, CEO Commercial

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Grab Malaysia Launches Daily Insurance for E-Hailing Drivers

Grab Malaysia unveiled a usage-based motor insurance and takaful  for e-hailing driver in Malaysia, Grab Daily Insurance (GDI). Designed in partnership with 14 leading insurers and takaful operators in the country, the innovative product offers driver an accessible, yoption to

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TNG Digital Appoints Ex-Malaysia Airlines Veteran as Its New CEO

TNG Digital a Malaysian e-wallet formed as a result of a joint-venture between  Touch ‘n Go and Ant Financial Group, announced today that it has appointed Ignatius Ong as its new Chief Executive Officer (CEO). Ignatius succeeds Syahrunizam Samsudin, who

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BNM: E-Wallets Need to Move Beyond Cashbacks to Be Sustainable

During his keynote speech at the “Malaysian E-Payments Excellence Awards” Assistant Governor Adnan Zaylani Mohamad Zahid outlined the state of e-payments in Malaysia and the key strategic focus for Malaysia’s payments journey. Some key progress that we’ve made that was

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