E-Wallets

E-Wallet Boost Launches Three More Insurance and Takaful Plans

Axiata Digital’s e-wallet Boost has introduced three new micro-insurance and takaful plans under ‘Boost Protect’ to further provide Malaysians with affordable and premium coverage. The addition of MozzieProtect, FamilyProtect and Critical Illness Care bring the total coverage plans to 13.

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In A Nutshell: Bank Negara Malaysia’s New E-Money Policy Draft

The Exposure Draft of the Policy Document on Electronic Money (e-Money) (‘Draft’) is a solid 81 pages of document that seeks to replace and supersede the current Bank Negara of Malaysia (‘BNM’)’s Guideline on Electronic Money (2008 Guidelines) which is

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Merchantrade Rolls Out Payroll Solutions for Underbanked Plantation Workers

Merchantrade Asia, a digital money services business operator and e-money issuer, has partnered with palm plantation management solutions provider LintraMax in an effort to digitise the payroll for underserved plantations workers. In this partnership, both entities will reach out to

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GrabPay Now Available Nationwide via DuitNow QR

GrabPay, the in-app wallet of superapp Grab, announced that it has recently rolled out the GrabPay DuitNow QR feature across the country. The e-wallet was the first in Malaysia to sign-up with PayNet this feature which is now widely available.

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Touch ‘n Go’s Wealthtech Offering GO+ Has Over a Million Users Already

Touch ‘n Go Group today announced that its GO+ users have surpassed the 1 million mark in just over two months following its launch in March 2021. Effendy Shahul Hamid, Group Chief Executive Officer at Touch ‘n Go Group said

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Merchantrade Selects IDEMIA for its Digital Onboarding Solution

IDEMIA, a solutions provider in the Augmented Identity space, has been selected by Merchantrade a Money Services Business Operator and e-money player, to enhance the onboarding of customers for two of its mobile-enabled services. Merchantrade will leverage on IDEMIA’s Identity

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GrabPay Excluded in Malaysia’s Latest RM 300 Million E-Wallet Credit Programme

The RM300 million eBelia programme, one of the initiatives announced by the Ministry of Finance (MOF) under Budget 2021, will be offered through four e-wallet service providers namely BigPay, Boost, ShopeePay and TNG eWallet. The list had surprisingly excluded GrabPay.

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MyMy Secures BNM’s Conditional Approval for E-Money License; E-Wallet to be Launched Soon

MyMy announced today that it has received conditional approval for a large scheme Electronic Money License from Bank Negara Malaysia. The fintech company is expected to launch its e-wallet services within the year. Until all conditional requirements are met by

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GHL Enables GrabPay E-Wallet Acceptance Across Shell Petrol Stations Nationwide

Payments firm GHL Systems has now enabled GrabPay e-wallet acceptance at Shell petrol stations nationwide in Malaysia in a bid to further expand its cashless offerings. As Grab evolves to become an app that addresses the daily needs of its

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PayNet Appoints Soft Space’s FassPay as Third Party Acquirer

PayNet, the national payments network and shared central infrastructure for Malaysia’s financial markets, has appointed FassPay, a subsidiary Soft Space, to be a third-party acquirer (TPA) for MyDebit, the nation’s domestic debit card scheme. This appointment allows Fasspay to acquire

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