E-Wallets

Boost Expands Digital Insurance Services Following US$70M Investment from Great Eastern
E-Wallets Insurtech

Boost Expands Digital Insurance Services Following US$70M Investment from Great Eastern

Axiata Digital’s e-wallet Boost has introduced a suite of affordable and accessible micro insurance/takaful coverage under ‘Boost Protect’. This new feature available under the ‘Insurance’ tile in the app marks Boost’s foray into expanding the use of its e-wallet beyond

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Boost Sees 140% Spike in Gross Transaction Value
E-Wallets Payments

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
E-Wallets Payments

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
E-Wallets

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
E-Wallets Financial Inclusion

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
E-Wallets Insurtech

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
E-Wallets Payments Virtual Banking

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)
E-Wallets

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
E-Wallets Payments

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
E-Wallets Payments

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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