E-Wallets

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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Boost Introduces New Low-Cost Contactless Payment Solutions for Merchants

The COVID-19 health crisis has been very tough on businesses especially SMEs and micro-businesses. With the government’s Movement Control Order (MCO) being put into effect many micro- and small-business owners who run cash-based businesses faced the risk of shuttering due

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Securities Commission to Allow for E-Wallets to Sell Capital Market Products; TNG eWallet Welcomes the Move

The Securities Commission Malaysia (SC) announced today that it will facilitate the online distribution of capital market products such as unit trusts, through e-Services platforms like e-wallet or e-payment service providers. The Guidelines on Recognized Markets has been amended to

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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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