Archive
Luno Reports RM 1 Billion in Digital Assets Under Custody as Bitcoin Prices Skyrocket
Luno, a digital asset exchange in Malaysia approved by the Securities Commission, announced that the company is now managing more than RM 1 billion of digital assets less than two years since the company relaunched in Malaysia in 2019. Luno’s
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India’s Pine Labs Acquires Fave for RM185 Million with Plans to Roll Out In India
Payments platform Fave has been acquired today by Pine Labs, an Asian commerce platforms in a deal valued over US$ 45 million (RM 185 million). With this acquisition, Indian consumers will be able to use Fave app later this year
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Securities Commission Seeks to Block Access to Remitano for Illegally Offering Crypto Services
The Securities Commission Malaysia today issued a statement today saying that they have reprimanded Remitano for operating a digital asset exchange in Malaysia without authorisation from the SC. The SC said that it views this transgression as serious and is
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Maybank’s New SME Digital Financing Solution Approved RM 1 Billion Loans in 6 Months
Six months into its launch, Maybank SME Digital Financing has approved RM1 billion of financing, serving more than 8,200 Small and Medium sized Enterprise (SME), of which 85% or 6,950 are start-ups & microenterprises. In addition, they said all applications
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TM ONE and Sunline Inks Partnership to Drive Digital Transformation for Banks
Telekom Malaysia Berhad (TM) via its enterprise and public sector business solutions arm, TM ONE, today inked a Memorandum of Collaboration (MoC) with Sunline Technology (Malaysia) Sdn Bhd to enable the transformation of banks and financial institutions with cutting-edge cloud-based
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PayNet Appoints Soft Space’s FassPay as Third Party Acquirer
PayNet, the national payments network and shared central infrastructure for Malaysia’s financial markets, has appointed FassPay, a subsidiary Soft Space, to be a third-party acquirer (TPA) for MyDebit, the nation’s domestic debit card scheme. This appointment allows Fasspay to acquire
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RinggitPlus Expands into Digital Financial Planning with RinggitPlus Advance
RinggitPlus, a financial marketplace owned by Jirnexu, has launched RinggitPlus Advance, a new one-to-one financial digital financial planning service for Malaysians. With the launch of RinggitPlus Advance, the fintech startup is tapping into its experience of digitalising a traditional industry
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Axiata and Telenor Revives Merger Plans for Celcom and Digi
Axiata Group and Telenor Asia today confirmed in their press conference that they have revived merger plans of Celcom and Digi which is currently in advanced discussion stages. Compared to the previous merger talks which involve assets from other countries
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Versa Secures RM10 Million in Deposits in Less Than Three Months
Versa, Malaysia’s latest digital cash management platform, today announced that it has achieved over RM10million in deposits in just three months since its soft launch in January. To date, Versa has registered more than 4,000 accounts averaging deposit amounts of
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Boost Offers Low-Cost Financing Support for MSMEs this Ramadan
Boost issued a press statement saying that it will be prioritising micro-enterprises and SMEs this upcoming Ramadan by offering low-cost financing support to use as working capital for Ramadan sales through ‘Aspirasi Capital for Boost’. They said that this financing
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