Archive
BigPay is The Latest to Join PayNet’s Universal DuitNow QR
BigPay, announced today its participation in the DuitNow eco-system operated by Payments Network Malaysia (PayNet). BigPay users will soon be able to use DuitNow for instant domestic money transfers. In addition, BigPay customers will be able to use DuitNow QR,
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Tengku Zafrul Resigns as CIMB Group CEO to Take on Role Of Malaysia’s Finance Minister
CIMB today announced that Tengku Dato’ Sri Zafrul has resigned as its Group CEO and CEO of CIMB Bank Berhad with immediate effect. This announcement came shortly after Tan Sri Dato Haji Muhyiddin Yassin announced Malaysia’s Cabinet line-up which included
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Li Ka-Shing Backed AMTD Seeking Digital Banking License in Malaysia
Hong Kong-based AMTD revealed in an interview that they are seeking a digital banking license in Malaysia. AMTD is an independent investment banking firm established by the CK Hutchison Group who was, in turn, was founded by Hong Kong’s business
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Genting Ventures Invests in hoolah’s Series A Round Shortly After its Entry into Malaysia
hoolah, a Singapore based company, has finalized a commitment for an eight-figure Series A investment round, led by Allectus – a VC, part of the $30bn PE firm ICM, who are focused on disruptive technology companies. Joining the round are
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Bank Negara Malaysia Issues Updated Virtual Banking Draft
Following the first exposure draft for the regulatory framework for virtual banks in Malaysia published in December 2019, Bank Negara Malaysia today published an updated draft. The regulator said in a media statement that the updated drafted incorporated proposed “simplified
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Luno Launches Ripple (XRP) Trading in Malaysia
Luno, a digital asset exchange license by the Securities Commission Malaysia announced today the that Ripple (XRP) will be made available on their cryptocurrency exchange platform starting tomorrow, 3rd March 2020. In Malaysia, the platform currently only allows the trade
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