Archive
Merchantrade, NPCI International Join Forces to Offer Real-Time Remittances to India
Merchantrade Asia has partnered with NPCI International, a wholly-owned subsidiary of National Payments Corporation of India (NPCI), to offer real-time remittances to India through the Unified Payments Interface (UPI). UPI is an instant real-time payment system developed by NPCI to
Read More
Fave Rolls Out DuitNow QR Offering for Its 6 Million Users
Fave, Southeast Asia’s payments app, has emerged as another non-bank participant to offer DuitNow QR, Malaysia’s national QR standard to merchants in the country. This move was made possible through a partnership with the Payments Network Malaysia (PayNet). The introduction
Read More
Huawei Vows To Enable Digital Ecosystem-Based Finance in APAC
Huawei held its first virtual Asia-Pacific Intelligent Finance Summit 2021 with the theme “Accelerate Digital Transformation in Banking, New Value Together” on 29 July 2021. As economies across the Asia-Pacific region continue to recover and rebound, leading banks and financial
Read More
Hong Leong Eyes ESG Solutions for Its Upcoming Hackathon
Hong Leong Bank is calling all budding disruptors to join its ‘Can You Hack It’ Virtual Hackathon ASEAN Edition 2021 to find and co-create Innovative solutions focused on ESG. This virtual hackathon themed ‘Environmental, Social and Governance (“ESG”)’ aims to
Read More
Sarawak Emerges as the Third State To Bid for Digibank License With Kenanga, Revenue Group
The state government of Sarawak has joined forces with Kenanga Investment Bank and Revenue Group to submit an application for a digital banking license from Bank Negara Malaysia. The three entities formed a special purpose vehicle (SPV) for a consortium named
Read More
CIMB Rolls Out eKYC for Its First Fully-Digital Islamic Savings Account ‘OctoSavers’
CIMB Bank and CIMB Islamic Bank have launched the CIMB OctoSavers Savings Account-i, its first all-digital Islamic account where the account opening and onboarding process is self-executed entirely online. New customers will receive the newly launched Octo Debit Mastercard through
Read More
U Mobile’s E-Wallet GoPayz Launches GoGold to Offer Digital Gold Purchase From RM5
Malaysian telecommunications service provider U Mobile’s standalone e-wallet GoPayz has collaborated with gold bullion trader ACE Capital Growth (ACE), a subsidiary of Ace Innovate Asia, to launch GoGold. This latest digital service found on the GoPayz app enables users to
Read More