Archive

Euronet Becomes Largest Non-Bank ATM Operator in Malaysia with MEPS ATM Acquisition

Euronet, a global financial technology solutions and payments provider, announced today the completion of the acquisition of the Malaysian Electronic Payment System (MEPS) ATM terminals of Payments Network Malaysia Sdn Bhd (PayNet), the national payments network and central financial infrastructure

Read More

CIMB Clicks to be Replaced by CIMB OCTO App on 11 June

CIMB announced that it will replace its current banking application, CIMB Clicks, with the new CIMB OCTO app starting 11 June 2024. The CIMB Clicks app will no longer be available for download. The CIMB OCTO app is said to

Read More

Google Invests US$2 Billion in Malaysia, Expected to Create 26,500 Jobs by 2030

Google announced an investment of US$2 billion in Malaysia which includes the establishment of Malaysia’s first Google data center and a new Google Cloud region. This follows earlier investments by tech giant Microsoft, which committed US$2.2 billion this month, and

Read More

RinggitPay Rental Simplifies Rent Collection for Malaysian Landlords

Malaysia’s rental market has been booming in recent years, spurred by rapid urbanisation and population growth. This surge has led to a high demand for residential, commercial, and industrial properties in urban areas like Kuala Lumpur, Penang, and Johor Bahru.

Read More

Malaysians Can Now Use TNG eWallet for Subscriptions, No Cards Needed

Curlec by Razorpay, a payment gateway in Malaysia, has integrated its payment system with TNG eWallet, enabling SMEs and unbanked individuals in rural areas to access financial services. This collaboration aims to facilitate recurring payments through TNG eWallet, benefiting over

Read More

CTOS and GBG Flag RM519 Million in Suspected Fraudulent Credit Applications

CTOS IDGuard, Malaysia’s national fraud bureau powered by GBG‘s technology, has flagged RM519 million in potentially fraudulent credit applications over the past 3 years and 9 months. The bureau had also identified organised syndicates and fraud rings as the largest

Read More

PM Anwar Pledges RM100 Million to Boost Islamic Finance Innovation

Prime Minister Datuk Seri Anwar Ibrahim has pledged RM100 million to foster innovation and new financial solutions to advance the Islamic finance sector, according to a Bernama report. This initiative, aimed at strengthening partnerships and encouraging sustainable practices, was announced

Read More

KWAP’s Dana Pemacu to Channel RM6 Billion into Financial Inclusion, Other Key Sectors

The Kumpulan Wang Persaraan (Diperbadankan) [KWAP] has announced a RM6 billion allocation for private capital investment under its Dana Pemacu initiative. The announcement was made today by Prime Minister Datuk Seri Anwar Ibrahim at the Global Forum on Islamic Economics

Read More

Japanese IT Giant NTT DATA to Acquire 58.7% of GHL Systems for RM724 Million

NTT DATA, a Japanese multinational information technology service and consulting company, has announced its agreement to acquire 58.7% of GHL Systems Berhad, a payment service provider headquartered in Malaysia. The acquisition, valued at RM724.08 million, involves purchasing 670,440,235 ordinary shares

Read More

Billions Lost to Fraud Despite Efforts, APAC Fintechs Grapple with Rising Threats

Despite tireless efforts from businesses and tech providers, fraudsters persist in siphoning off billions annually. According to the “2024 State of Fraud” whitepaper by Telesign, a customer identity and engagement solutions provider, U.S. fraud victims suffered nearly US$8.8 billion in

Read More