Archive
Tokio Marine, Finology and KirimMan Roll Out Insurance Products for Gig Workers
Tokio Marine Insurans (Malaysia) has partnered with KirimMan, an e-commerce fulfillment logistic solution provider and courier service, and Malaysian fintech Finology to offer affordable insurance products for gig economy workers with a focus on delivery riders. One of the new
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Mercedes, Maybank Roll Out Credit Card for Those Earning Min RM100K per Year
Mercedes-Benz Financial has announced an exclusive partnership with Maybank to introduce a credit card nationwide where Visa will be the exclusive payment network for this new offering. The all-new metal card will allow customers to earn accelerated points on selected
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GHL Taps PayNet’s MyDebit Secure Card-Not-Present for Safer Online Payments
Payment solutions provider GHL Systems announced that it has enabled MyDebit Secure CNP (Card-Not-Present) from Payments Network Malaysia (PayNet) which is set to benefit over 1,500 of its online merchants. A CNP transaction is a payment card transaction made where
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Tune Protect Rolls Out Cyber Crime Insurance With Coverage up to RM10,000
Malaysian insurer Tune Protect announced that it has launched its first personal cyber crime insurance for individuals named Tune CyberSecure. With premiums from RM145 per year, Tune CyberSecure protects customers against cyber risks including electronic fund transfer fraud, online retail
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MDEC Appoints PKR MP Syed Ibrahim as Non-Executive Chairman
The Malaysia Digital Economy Corporation (MDEC) has announced the appointment of Syed Ibrahim Syed Noh as its non-executive chairman. According to a Bernama report, the appointment took effect on 1 April. Syed Ibrahim is a Member of Parliament for the
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FWD Group Finalises Majority Stake Acquisition in Gibraltar BSN Life
Multinational insurance company FWD Group announced that it has completed the transaction to snap up a majority stake in Gibraltar BSN Life, marking its official entry into the Malaysian life insurance market. First announced in February 2023, the deal will
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Soft Space Closes Series B With US$31.5 Million Fundraise
Malaysian digital payments technology provider Soft Space announced that it has secured US$31.5 million in its latest Series B1 funding round. This is an extension of Soft Space’s Series B funding round where the firm had raised an undisclosed sum
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Malaysian BNPL Firms May Be Subject to RM2 Million Minimum Requirement
The Consumer Credit Oversight Board (CCOB) is seeking public feedback on the proposed regulatory framework for credit businesses in Malaysia. The proposals outlined in this second public consultation paper (CP2) will provide further details on the implementation of the Consumer
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Alliance Rolls Out Dynamic Virtual Card With Single Use Numbers That Lasts 30 Minutes
Alliance Bank Malaysia has introduced its new dynamic virtual credit card to make online transactions more secure in partnership with Visa, CTOS Digital, RinggitPlus’ owner Jirnexu, mobile network operator YTL Communications (YES) and TNG Digital. A virtual card becomes available
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Setel Users Can Now Make DuitNow QR Code Payments
The Setel app, Petronas’ e-payment solution that enables fuel purchases directly from mobile devices, can now be used to scan and pay at any merchant that displays the DuitNow QR code. Within the year, Setel users will be able to
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