Archive
Bank Negara Malaysia Issues Draft Framework for Virtual Banks
Bank Negara Malaysia today issued the exposure draft for the licensing framework for virtual banks. The central bank will be issuing up to five licenses to qualified applicants to establish digital banks to conduct either conventional or Islamic banking business
Read More
5 Biggest Fintech Stories in Malaysia in 2019
We’re only 2 weeks away from 2020, for most Malaysians that grew up during the 80’s and 90’s Wawasan 2020 felt like it was a lifetime away and yet here we are, only a few days away from entering a
Read More
Alixco Targets Investors from South East Asia and Europe to Widen its Base
Alixco, a P2P financing platform regulated by the Securities Commission of Malaysia announced today that it is opening its platform to overseas investors, mainly aiming at South East Asia and Europe “We received overwhelming requests to invest in our P2P
Read More
LuxTag’s Equity Crowdfunding Campaign on pitchIN to Accept Bitcoin and XEM
Blockchain startup LuxTag announced that investors will be able to using their Bitcoin and XEM tokens to invest into their equity crowdfunding campaign which is now live on pitchIN. According to their media statement, pitchIN has obtained approval from Securities
Read More
How I Survived Being Cashless For a Week Using Only GrabPay
Ever since Malaysia caught the e-wallet bug, I’ve always been curious about how difficult or easy it would be to go about my daily life using only e-wallets, but as someone who procrastinates quite a fair bit, I’ve been putting
Read More
eKYC to Be Introduced to Banks Soon
Bank Negara Malaysia issued on Monday the much anticipated eKYC exposure draft for financial institutions in Malaysia, this draft when in effect, will be applicable across the industry to include banks, insurers, takaful operators, development financial institutions, and more. This
Read More
Axiata to Distribute Digital Insurance Through Aspirasi, Boost and Celcom
Axiata Digital Capital’s Aspirasi announced Thursday, a partnership with Great Eastern to provide affordable insurance and takaful products for consumers, micro-entrepreneurs and SMEs. The distribution of the product will be fully digital and will be offered through Aspirasi and its
Read More
GHL Powers E-Wallet Acceptance with 750 Retailers Across Sunway’s Malls
Sunway Malls announced yesterday the adoption of a Unified Payment Terminal which accepts cashless payments from major e-wallets, debit cards, and credit cards. Sunway Malls has seen over 750 of its retailers utilise cashless payments, and the current e-wallet partners
Read More
ASEAN’s Largest Cashless Store Launched in Kuala Lumpur
PUC Berhad and Smuzcity Berhad announced today the launch JDX Presto concept store, which they claim is the largest cashless concept store in ASEAN. Spanning a total of 50,000 square feet, the cashless store located in Quill City Mall, right
Read More
Want to Innovate? Don’t Be Afraid of Being Fired Says AXA Affin Life CEO
“If you want to innovate, you must never be afraid of being fired” Those were the first lines that Rohit Nambiar, CEO of AXA Affin Life said when I asked about the secret sauce behind a relatively small player
Read More