E-Wallets

BigPay is The Latest to Join PayNet’s Universal DuitNow QR

BigPay,  announced today its participation in the DuitNow eco-system operated by Payments Network Malaysia (PayNet).  BigPay users will soon be able to use DuitNow for instant domestic money transfers. In addition, BigPay customers will be able to use DuitNow QR,

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Boost Offers Malaysians Free Insurance Coverage For COVID-19

Boost together with Prudential announced a joint initiative to help protect Malaysians by providing free COVID-19 coverage exclusive to Boost users. Between 24 February 2020 to 30 April 2020, verified premium Boost users who are not existing Prudential and Prudential

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Merchantrade Receives BNM Approval to Increase E-Wallet Limit Size to RM 20,000

Merchantrade announced today that their multicurrency e-wallet has obtained regulatory approval to increased its wallet size from RM 10,000 to RM 20,000. Their VISA enabled multicurrency e-wallet was launched in January 2018, and it is primarily used travellers to exchange

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Bank Islam Partners KiplePay in Cashless Push for Universities

Bank Islam and KiplePay, a wholly-owned subsidiary of Green Packet announced this week that they have teamed up to launch KipleUNI, a programme to drive adoption cashless technologies. This collaboration integrates the KiplePay app and Bank Islam’s services and enables

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DuitNow to Enable ShopeePay Users to Transfer Funds to Banks and Other E-Wallets

Payments Network Malaysia (PayNet) and Shopee announced a collaboration that will make ShopeePay the first eWallet of an e-commerce platform to join the DuitNow eco-system which PayNet operates. DuitNow is intended to serve an interoperable infrastructure between e-wallet players and

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Sabah Teams Up with Boost to Launch its Own E-Wallet, Sabah Pay

Sabah Credit Corporation on Tuesday launched Sabah Pay in collaboration with Boost. The launch of Sabah Pay is part of the state’s Smart Sabah Initiative, in the said initiative the Sabah government has given Sabah Credit Corporation a mandate to

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KiplePay’s White Labelled E-Wallet is Unlikely the First Approved by BNM as They Claimed

There were multiple reports this week that claims KiplePay, a subsidiary of GreenPacket “has become the first fintech player in Malaysia to provide a white-labelled e-wallet solution with Bank Negara Malaysia’s (BNM) approval.” While I have no doubt that they

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What’s Next for GrabPay?

In Malaysia, e-wallets are all the rage these days. The Malaysian public’s interest with e-wallets was further accelerated when the government set aside RM 450 Million for the e-Tunai programme, which grants qualifying Malaysians RM 30 in selected e-wallets. With

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Cyberjaya is The First City to Adopt Malaysia’s National QR Payment Standard DuitNow QR

Finance Minister Lim Guan Eng today launched the Cashless Ecosystem for Cyberjaya, a collaboration between Cyberview and PayNet. In a media statement issued to Fintech News Malaysia, Najib Ibrahim, Managing Director of Cyberview shared that Cyberjaya will be the first

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As a Long Time Fintech Observer, I’m Not a Fan of e-Tunai — Here’s Why

In this past couple of days, the e-Tunai programme seems to be all everyone is talking about and understandably so — free money tends to have that effect on people. In case you’re unfamiliar with the Malaysian scene or if

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