Archive
Digital Pet Health Insuretech Oyen Nets Over RM 1.7 Million in Seed Funding
Oyen, a digital-first pet healthcare insurance provider based in Malaysia, has raised US$420,000 in a seed funding round. The fundraise saw participation by notable backers such as Hustle Fund, alongside angel investors who are former and current executives from Airbnb,
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IOUpay Touts Market Leadership for Months Despite Only Launching BNPL Solution Today
Australia Stock Exchange (ASX) listed IOUpay announced today the official launch of its Buy Now, Pay Later (BNPL) service, myIOU. IOUpay is a subsidiary of Malaysian technology firm iSentric who was best known within the industry for providing mobile banking
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In A Nutshell: Bank Negara Malaysia’s New E-Money Policy Draft
The Exposure Draft of the Policy Document on Electronic Money (e-Money) (‘Draft’) is a solid 81 pages of document that seeks to replace and supersede the current Bank Negara of Malaysia (‘BNM’)’s Guideline on Electronic Money (2008 Guidelines) which is
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myTukar Ties up With PolicyStreet.com to Offer Insurance for Pre-Owned Cars
myTukar, a Malaysian pre-owned car buying and selling platform, has announced a partnership with local insurtech firm PolicyStreet.com to offer insurance policies for pre-owned car purchases. Through the collaboration, myTukar’s wholesale and retail customers can now receive insurance quotations instantly
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Merchantrade Rolls Out Payroll Solutions for Underbanked Plantation Workers
Merchantrade Asia, a digital money services business operator and e-money issuer, has partnered with palm plantation management solutions provider LintraMax in an effort to digitise the payroll for underserved plantations workers. In this partnership, both entities will reach out to
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Funding Societies Disbursed RM1 Million in Financing for Foodpanda’s Merchants
Southeast Asian SME digital financing platform Funding Societies has announced a partnership with Foodpanda to offer short-term digital financing solutions for registered merchants under the latter’s network. The collaboration which has collectively disbursed RM1 million in financing, enables local micro,
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To Become Digital Leaders, Banks Must Foster a Culture of Innovation — Here’s How
For banks, becoming digital leaders takes more than a stylish mobile app interface and a shift in the organisational structure; it also requires a culture that embraces experimentation and risk-taking, senior executives from banking institutions in Malaysia and fintech software
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GrabPay Now Available Nationwide via DuitNow QR
GrabPay, the in-app wallet of superapp Grab, announced that it has recently rolled out the GrabPay DuitNow QR feature across the country. The e-wallet was the first in Malaysia to sign-up with PayNet this feature which is now widely available.
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Touch ‘n Go’s Wealthtech Offering GO+ Has Over a Million Users Already
Touch ‘n Go Group today announced that its GO+ users have surpassed the 1 million mark in just over two months following its launch in March 2021. Effendy Shahul Hamid, Group Chief Executive Officer at Touch ‘n Go Group said
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Pertama Digital’s Bizarre Choice for a Digital Banking Consortium
Last week, Bursa-listed Pertama Digital announced alternative financing operator Crowdo as its first consortium partner for its digital banking bid. Pertama Digital, through its subsidiary Dapat Vista, is primarily a digital payment platform focused on consumer-to-government payments with solutions like
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