E-Wallets
Boost Sees 140% Spike in Gross Transaction Value
E-wallet operator Boost said in a media statement that Malaysian consumers have embraced a digital lifestyle and made contactless payments as the key payment method during the Recovery Movement Order (RMCO). This comes as Boost is reporting 140% increase in
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BigPay Sees a 469% Spike in Remittance Transaction Volume
AirAsia Group is increasingly shifting its focus from aviation to its digital businesses as pandemic continues to batter its revenue. During its 2nd quarter financial results announcement, the group reported a 98% decline in year-on-year revenue. On the other hand,
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Fasspay’s White Label E-Wallet Solution Receives BNM Approval for RM 10,000 Limit
Fasspay an e-money license holder regulated by Bank Negara Malaysia, has received the regulator’s approval to support a set of new offerings that will expand the capabilities of its white label e-wallet solution. Fasspay is a wholly-owned subsidiary of Soft
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Instapay Launches an E-Wallet for Migrant Workers Eyes 100,000 Users
Instapay announced today the launch of an e-wallet service that is targetted at the migrant worker population. The company holds an e-money license with Bank Negara Malaysia (BNM) and has teamed up with Mastercard to a pre-paid payments card that’s
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Boost and Aspirasi Launches Micro-Insurance Underwritten by Great Eastern Life Assurance
Axiata Digital’s e-wallet Boost and its digital financing platform Aspirasi announced today the launch of “Aspirasi Protect” – a microinsurance plan which provides affordable, accessible and on-demand protection to Malaysians. This new insurance product is underwritten by Great Eastern Life.
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Great Eastern Invests US$70M in Axiata Digital — The Largest Fintech Investment in Malaysia Yet
Axiata Digital the digital services arm of telco operator Axiata Group today announced a strategic investment of US$ 70 Million by Great Eastern to boost its fintech business across the region. Leading up this strategic investment, the Axiata Group and
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Mastercard: Malaysia Leads South East Asia in E-Wallet Adoption (No, Not Really)
By now you’ve probably seen the headlines plastered across multiple media outlets stating that Malaysia is leading South East Asia in e-wallet adoption with 40% of Malaysians surveyed responding that they are using e-wallets. This is followed by Philippines at
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Malaysians Donated Over RM1 Million During MCO via Boost
Beginning from the start of the Government initiated Movement Control Order (MCO) up through the holy month of Ramadan, caring Malaysians were quick to respond to calls for help and contributed over RM1 million to back the fight against COVID-19
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Malaysia to Spend RM 1.2 Billion Promoting E-Wallets in 2020
Malaysia’s Prime Minister Tan Sri Muhyiddin Yassin, announced a series of economic stimulus plans last week that is targetted at revitalising the economy which was weakened by the COVID-19 pandemic. There were 40 initiatives worth RM 35 Billion under this
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Razer Fintech and Google Partners for Offline Payments
Razer Fintech has announced that Google Play Store consumers can make offline-to-online (O2O) payments through its Razer Cash solution. With Razer Cash, Google Play Store customers can have the added option of purchasing Google Play in-app items and topping up
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