E-Wallets

Touch ‘n Go Launches CSR-linked Numberless Visa Prepaid Card

Touch ‘n Go Group has partnered with Visa to launch a corporate social responsibility (CSR)-linked numberless prepaid card with a maximum transaction limit of RM5000 per day. With this card acting as a complementary payment channel to the Touch ‘n

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Thai Unicorn Launches its TrueMoney E-Wallet in Malaysia’s Crowded Market

TrueMoney, a payments player and a subsidiary of Ascend Money announced today their launch in Malaysia. During their press event, they also announced that they are now the “official payment” provider for all of Lotus’s hypermarket locations across the country.

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Fave Offers Cashback Loyalty Programme for 18 Million Touch ‘n Go eWallet Users

Southeast Asian payments platform Fave has partnered with Touch ‘n Go Group’s TNG Digital to launch a loyalty programme and earn up to 15 percent cashback across 17,000 F&B outlets and retailers. More than 18 million Touch ‘n Go eWallet

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Boost Rolls Out Merchant B2B Wallet With Limit of up to Half a Million

Axiata Group’s fintech arm Boost announced that it has launched its Merchant B2B Wallet with a limit of up to RM500,000. The Merchant B2B Wallet is integrated into the existing Boost Biz app with a QR code payment functionality. The

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Grab’s PayLater Extended to Non-Active Users, Can Now Be Used in Physical Stores

Superapp Grab has added updates to its “buy now, pay later” (BNPL) feature PayLater by extending the payment option to in-store purchases. With this extension, shoppers now have more flexibility to pay for their purchases over time. Additionally, Grab will

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TNG to Implement Bank Grade Security Measure Imposed by BNM

Touch ‘n Go eWallet announced that it has come forward to be the first startup and non-bank provider that has committed to voluntarily incorporate the five key measures which have been recently imposed on banks by Bank Negara Malaysia to

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BigPay Hits RM1 Billion Milestone for International Remittance

BigPay announced that it had achieved a new milestone for its international remittance feature.  The company said it had achieved RM1 billion in Gross Transaction Value (GTV) for its international remittance feature. BigPay allows users to send money to other countries

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Euronet’s REN Payments Platform to Enable the TNG eWallet Visa Prepaid Card

Payments company Euronet has entered a strategic collaboration with TNG Digital to expand the use of its Touch ‘n Go eWallet that serves approximately 18 million users in Malaysia. TNG Digital recently entered a partnership with Visa to develop a

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Instapay Raises RM21.5 Million Series A to Fuel Its Expansion Plans

Payments firm Instapay Technologies announced that it has raised US$4.75 million (RM 21.5 million) in Series A funding round. This round was led by Daiwa ACA APAC Growth I with participation from Spiral Ventures Asia Fund I as well as

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Revenue Monster Group Bags RM30 Million From The SEA Capital

Malaysian fintech Revenue Monster Group announced that it has secured RM30 million in funding from private equity firm The SEA Capital, its second round of capital injection from the investor, following a recent restructuring exercise. The group has also formed

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