Archive
Which is the Top E-Wallet in Malaysia?
iPrice and App Annie recently teamed up to compile data on which is the top e-wallet in Malaysia. Their findings are based on both monthly active users and a combined number of downloads in iOS and Google Playstore. Below are
Read More
RAMCI is The Latest in Experian’s Investment Spree into Data Companies
Experian, the global information services company announced this week that they have acquired a controlling stake in local credit bureau RAM Credit Information Sdn. Bhd (RAMCI). This acquisition is the latest in Experian’s spree of investing in companies specifically with
Read More
Luno Is The First Cryptocurrency Exchange to Receive Full Approval in Malaysia
The Securities Commission of Malaysia has given full approval to Luno’s application to operate as a Recognized Market Operator (Digital Asset Exchange). Luno is the first cryptocurrency exchange in Malaysia to receive this approval. The regulator has confirmed that Luno
Read More
New York Based Wahed Invest Approved to Operate Malaysia’s First Islamic Robo-Advisor
American-based Wahed Invest halal robo-advisory platform announced today that they have successfully obtained regulatory approval from the Securities Commission Malaysia to offer digital investment management services in Malaysia. Wahed Invest is the 3rd to officially enter the Malaysian market after
Read More
PitchIN’s First ECF Exit with MyCash Online Gives its Investors 44.2% Returns
A group of MyCash Online investors have recently accepted a buyout offer for their shares from VC company 500 Startups. The offer, which gave them 44.2% returns over two years since the ECF deal, was made alongside an investment by
Read More
Tranglo’s Minority Shareholders Sues Hong Kong Based “Unicorn” TNG Fintech Group
Minority shareholders of Malaysian based payments company Tranglo has filed an oppression suit against TNG Fintech Group which acquired 60% of equity in Tranglo from Ekuinas in October 2018. In a media statement to Fintech News Malaysia, they claimed that
Read More
HSBC Succesfully Pilots Malaysia’s First Letter of Credit Transaction on the Blockchain
HSBC announced that it has successfully executed a live blockchain Letter-of-Credit (LC) transaction in Malaysia. The transaction involved the import of resin by Malaysia’s Simply Packaging Sdn Bhd (Simply Packaging) from a Singaporean company, both active players in the packaging
Read More
A Glance at Malaysia’s Fintech Friendly Budget 2020
Malaysia’s Budget 2020 was tabled last Friday, charting the economic direction of the nation. Broadly speaking, there were some hits and misses but many agree that there was there is a bigger focus of building a digital economy. Surina Shukri,
Read More
Budget 2020: Malaysia to Accept Virtual Banking License Application by 2020
During the tabling of Malaysia’s 2020 Budget, Finance Minister Lim Guan Eng announced that Malaysia’s much anticipated virtual banking framework will be ready for public consultation by end of this year and the final framework along with applications will be
Read More
Touch ‘n Go E-Wallet Powers Cashless Payment Option For MULA’s E-Hailing Services
Touch ‘n Go e-wallet announced today that they have enabled customers of e-hailing app MULA to go cashless through their e-wallet. Ignatius Ong, CEO, TNG Digital Sdn Bhd told Fintech News Malaysia in a media statement that it is vital
Read More