E-Wallets

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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Sabah Teams Up with Boost to Launch its Own E-Wallet, Sabah Pay

Sabah Credit Corporation on Tuesday launched Sabah Pay in collaboration with Boost. The launch of Sabah Pay is part of the state’s Smart Sabah Initiative, in the said initiative the Sabah government has given Sabah Credit Corporation a mandate to

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KiplePay’s White Labelled E-Wallet is Unlikely the First Approved by BNM as They Claimed

There were multiple reports this week that claims KiplePay, a subsidiary of GreenPacket “has become the first fintech player in Malaysia to provide a white-labelled e-wallet solution with Bank Negara Malaysia’s (BNM) approval.” While I have no doubt that they

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What’s Next for GrabPay?

In Malaysia, e-wallets are all the rage these days. The Malaysian public’s interest with e-wallets was further accelerated when the government set aside RM 450 Million for the e-Tunai programme, which grants qualifying Malaysians RM 30 in selected e-wallets. With

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