Archive
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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China Construction Bank to Raise US$ 3 Billion Blockchain Bond via Its Labuan Branch
China Construction Bank’s Labuan branch (CCB Labuan) has partnered with digital asset exchange firm Fusang to raise a US$ 3 billion bond on the blockchain. The bond will be issued by Longbond Ltd. a Special Purpose Vehicle (SPV) set up
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How Fintech Friendly is Budget 2021 Compared to The Previous Year?
The Malaysian government continues to provide support in developing the P2P lending and equity crowdfunding (ECF) market. During the tabling of budget 2021 last Friday, Finance Minister Tengku Zafrul announced that the government will be allocating RM 50 million in
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Caltex Now Offers ShopeePay as a Contactless Payment Option
Chevron Malaysia Limited, which markets the brand Caltex, announced its partnership with Shopee to enable contactless payments via the e-commerce platform’s mobile wallet, ShopeePay at more than 420 Caltex service stations nationwide. This partnership will allow customers to transact using
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CIMB Launches New All-in-One HR Solution for SMEs
CIMB Bank and CIMB Islamic Bank unveiled its BusinessHR.asia solution, offering an all-in-one human resources platform for business customers. Co-hosted with HReasily, a regional digital human resource solutions provider, the cloud-based solution has been created and designed with small and
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CapBay Snaps Up 49% Stake in Kenanga Capital Islamic to Set Up Islamic Fintech Joint Venture
CapBay, a Malaysian P2P supply chain financing platform, has acquired a 49% stake in Kenanga Capital Islamic, a subsidiary of Kenanga Investment Bank Berhad, forming a joint venture with the latter to create an Islamic Supply Chain Finance fintech firm.
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Financial Literacy Remains a Major Challenge in Malaysia Despite Rapid Wealthtech Adoption
In Malaysia, adoption of wealthtech and alternative asset classes has increased over the past year, but in order for the sector to reach its full potential, there’s a need to raise financial literacy levels, experts said. In a virtual panel
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