E-Wallets

Touch ‘n Go First E-Wallet to be Approved by SC to Offer Investment Products

Touch ‘n Go (TNG) Group’s subsidiary TNG Digital Sdn Bhd (TNGD), has emerged as the first e-wallet to be granted a conditional approval to operate as a Recognised Market Operator (RMO) by the Securities Commission of Malaysia (SC). TNG said

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Merchantrade and Construction Manpower Firm to Facilitate Cashless Wages for Workers

Merchantrade Asia and the Construction Labour Exchange Centre Berhad (CLAB) have forged an alliance to facilitate cashless wages for both Malaysians and foreign workers in the construction industry. Through this collaboration, CLAB will facilitate contractors to pay salaries via top-up

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Kenanga Investment Bank Acquires a Small Stake in Merchantrade

Kenanga Investment Bank has acquired 4.99% equity interest in Merchantrade, a Malaysian digital money services business operator and e-money issuer. This follows Kenanga’s recent collaboration with Merchantrade to introduce their own e-wallet, Kenanga Money. “Merchantrade is one of the fastest

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Merchantrade Inks Deal With Ant Group to Offer Remittance Services to Alipay Users

Merchantrade, a digital money services business operator and e-money issuer, has entered into a partnership with Alibaba’s Ant Group. The collaboration allows customers of Merchantrade in Malaysia and Singapore to facilitate real-time remittances to Alipay users in China, with funds

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Maybank’s Add News Key Features to Its Refreshed MAE App

Maybank today launched mobile banking and e-wallet app called MAE by Maybank2u, an app they said is built to help Malaysians take charge of their everyday money matters, beyond their regular banking needs. Maybank’s Group President and Chief Executive Officer,

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Fave Adds GrabPay Wallet Onto Its Platform

Fave is now providing GrabPay as a new payment option in the former’s app, to enhance convenience and cashback savings for their users in Malaysia. This will enable customers to spend their GrabPay credits at more than 17,000 F&B outlets

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Boost E-Wallet Integrates With Petronas’ Setel to Drive Interoperability

Setel, Petronas’ e-payment solution that enables fuel purchases directly from mobile devices, announced that it will be fully integrated into the Boost app. Driving interoperability between the two platforms, this partnership expands Boost’s offerings under its ‘Transport and Transit’ portfolio.

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Kenanga Partners with Merchantrade to Launch Their Own E-Wallet, Kenanga Money

Kenanga Investment Bank Berhad (Kenanga) today announced its partnership with Merchantrade Asia Sdn Bhd (Merchantrade) to introduce their e-wallet, Kenanga Money, which will be supported by a Visa prepaid card feature. Kenanga said that this marks the bank’s entry into

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You Can “Setel” More Than Just Fuel at Petronas With New In-Store Payment Feature

Setel, Petronas’ e-payment solution that enables fuel purchases directly from mobile devices, has expanded its services with the addition of the Deliver2Me feature for in-store cashless payments. Deliver2Me allows Setel users to purchase selected items from participating Kedai Mesra outlets

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MyMy Secures Malaysia’s Largest Fintech Seed Funding Round of RM 12 Million

MyMy today announced that it has secured Malaysia’s largest fintech seed round of RM 12 million at the valuation of RM 50 million. Koperasi Angkatan Tentera Malaysia Berhad led this fund raising round with an investment of RM10 million. The

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