Archive

Ping An’s Technology Arm OneConnect Expands to Malaysia

Ping An’s technology arm OneConnect announced today its expansion to Malaysia. In Hong Kong, One Connect is among the entities that secured a virtual banking license from the Hong Kong Monetary Authority. Meanwhile in Singapore, it is also supporting the

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TransferWise Malaysia Enables Money Transfer to China Through Alipay

TransferWise announced today the expansion of their international money transfer service for customers in Malaysia who can now receive remittances from Indonesia and send MYR to Alipay users in China. The newly launched service in Indonesia is in partnership with

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Luno Claims Crypto Exchange Top Spot in Malaysia with RM 827 Million in Transactions

Luno, the first Securities Commission-approved digital asset exchange in Malaysia, announced today that the company has processed over RM 827 million worth of transactions in Malaysia since its relaunch in 2019. Claiming it is the largest digital asset exchange in

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MoneySave Completes P2P Crowdfunding in 95 Seconds for Malaysian Online Grocer

MoneySave, a local peer to peer (P2P) crowdfunding platform, announced that they have achieved what they claim to be the fastest Malaysian P2P crowdfunding for Potboy, a homegrown online groceries platform. The record was achieved in 95 seconds, starting from

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Huawei Pay Now Available in Malaysia

Huawei announced that its mobile payment service, Huawei Pay, is now available to its Malaysian users. The same service was launched in Thailand in June 2020 This launch was in partnership with UnionPay International and Industrial and Commercial Bank of

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Merchantrade and Construction Manpower Firm to Facilitate Cashless Wages for Workers

Merchantrade Asia and the Construction Labour Exchange Centre Berhad (CLAB) have forged an alliance to facilitate cashless wages for both Malaysians and foreign workers in the construction industry. Through this collaboration, CLAB will facilitate contractors to pay salaries via top-up

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ICBC (Macau) Picks Huawei All-Flash Storage to Support Online Banking Boom

Since the outbreak of COVID-19, contactless payments have soared and digital banking adoption has increased dramatically. In Q1 2020, MasterCard recorded more than 40% growth in contactless transactions globally. In the US, which has traditionally lagged other countries in digital

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PayNet Signs on Revenue to Develop Secure Payment Tokenisation

Payment solutions provider Revenue has secured a contract for the provisioning of the MyDebit tokenisation platform (TSP) for Payments Network Malaysia (PayNet). To formalise the deal, the company’s subsidiary Revenue Secure had signed an agreement with PayNet for the contract.

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Fintech Players Welcome Malaysia’s New Online Lending Guidelines

The Ministry of Housing and Local Government unveiled last week a new guideline that will allow for licensed moneylenders to provide loans digitally. Zuraida Kamaruddin Minister of Housing and Local Government said that these new guidelines were released with microentrepreneurs

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pitchIN Exceeds RM 100 Million in a New Milestone for Equity Crowdfunding

pitchIN hit a new equity crowdfunding milestone today when it recorded RM100 million funds raised for companies this week. This figure was reached by successfully hosting 74 companies who raised capital from nearly 5000 investors since 2016. pitchIN is the

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