Archive
RHB-PayNet’s Sound Box Delivers Instant Audio and Display Alerts for QR Payments
RHB Bank, in partnership with Payments Network Malaysia (PayNet), has launched the DuitNow QR Plug & Play sound box in a bid to step up payment security. According to RHB, it is the first bank to introduce the device. This
Read More
BNM’s New Personal Financing Policy Defines FIs’ Approach to BNPL Offerings
The Bank Negara Malaysia (BNM) has released a new policy document on personal financing which took effect on 15 December 2023, with the goal of promoting responsible financing practices while discouraging unaffordable borrowing. This policy encompasses Buy Now Pay Later
Read More
Petronas FutureTech Spearheads Startup Advancement in Energy and Beyond
The accelerated energy transition amidst pressing climate concerns has compelled industry players to contribute actionable solutions in driving positive change and sustainable development. Rising up to the challenge, Petronas, a global energy corporation, has significantly expanded its scope beyond traditional
Read More
SC Accelerates ACE Market PLCs’ Entry Into Bursa Malaysia’s Main Market
The Securities Commission Malaysia (SC) has introduced an accelerated transfer process to facilitate the promotion of eligible ACE Market public listed companies (PLCs) to the Main Market of Bursa Malaysia. The framework will take effect on 1 January 2024 through
Read More
Evolving Mobile Threats Brings Rise to New Multi-Layered Applications’ Security Measures
In today’s mobile-centric world, the convergence of mobile devices, applications, and the Bring Your Own Device (BYOD) culture has enabled users, businesses, and organisations to achieve enhanced productivity, flexibility, and convenience. However, this transformation has also exposed individuals and organisations
Read More
JCB, IDEMIA, and Soft Space Advance to Phase 2 in Offline Digital Currency Project
Japanese international payments firm JCB along with French identity technologies company IDEMIA and Malaysian fintech Soft Space will be embarking on the second phase of their “JCB Digital Currency” (JCBDC) pilot project in early 2024. This initiative aims to experiment
Read More
GXBank Racks Up 100,000 Users in Less Than Two Weeks Since Launch
GXBank, Malaysia’s first digital bank and a subsidiary of Singapore’s GXS Bank, announced that it has already signed up over 100,000 customers since its launch less than 2 weeks ago on 30 November 2023. The newly-minted digital bank, spearheaded by
Read More
AmBank Customers Can Now Add Their Visa and Mastercard to Google Wallet
AmBank’s Mastercard and Visa credit cardholders can now add their cards to Google Wallet, following the bank’s recent integration with Google Pay. This enables AmBank customers with Visa and Mastercard credit cards to use Google Wallet for contactless payments at
Read More
PayNet Launches ‘MY TouristPay’ App with DuitNow QR Payments for Malaysia’s Visitors
Payments Network Malaysia (PayNet) announces the launch of ‘MY TouristPay App’, an application designed to facilitate seamless payments for tourists in Malaysia. This app allows international travellers to make payments using the DuitNow QR network without needing a Malaysian bank
Read More
UOB Malaysia Manages EXSIM Group’s Inaugural RM365m Green Sukuk Placement
UOB Malaysia has announced the successful pricing and private placement of EXSIM Group’s RM365 million four-year ASEAN Green Sustainable and Responsible Investment (SRI) Sukuk Musharakah. This marks EXSIM’s first green issuance under the ASEAN SRI Sukuk Framework, with UOB Malaysia
Read More