Financial Inclusion
How Embedded Finance Is Revolutionising Financial Services in Southeast Asia
Embedded finance is a thriving trend that is rapidly changing the banking and financial services landscape in Southeast Asia. With around 290 million unbanked consumers in the region, embedded finance has the potential to help improve financial inclusion for those
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Bank Islam Partners MESINKIRA to Aid MSMEs in Their Digital Journey
Bank Islam Malaysia has partnered with MESINKIRA, a cloud-based retailing platform for MSMEs, to offer underbanked microentrepreneurs a chance to digitalise their businesses through an end-to end integrated mobile business management solution. Microentrepreneurs that will benefit from the collaboration are
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Women Leaders Spearhead Digital Banking Revolution in Malaysia
The digital banking industry in Malaysia has undergone rapid evolution in recent years, revolutionizing the country’s financial sector by providing customers with fast, secure, and convenient banking services. Technological advancements and changing customer preferences have driven the growth of Malaysia’s digital
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Digital Banks Could Be the Key to Promoting Financial Inclusion for Malaysia’s B40
Financial inclusion is a vital aspect of economic growth, and it is critical to ensure that all individuals have access to financial services. Unfortunately, in Malaysia, many people from the B40 group (the bottom 40 percent of income earners) still
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Visa Malaysia Rolls Out Two Initiatives to Promote Financial Literacy Through Games
Visa has launched two new initiatives designed to help young Malaysians improve their financial literacy through interactive gameplay. The first initiative is a local financial literacy program in partnership with GProvision, a gamification-based financial literacy educational institution. The programme will
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Instapay Raises RM21.5 Million Series A to Fuel Its Expansion Plans
Payments firm Instapay Technologies announced that it has raised US$4.75 million (RM 21.5 million) in Series A funding round. This round was led by Daiwa ACA APAC Growth I with participation from Spiral Ventures Asia Fund I as well as
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RHB Expands Its Mobile ATM Services to Push Financial Inclusion in Sarawak
RHB Banking Group has launched the second phase of its mobile Automated Teller Machine (RHB Mobile ATM) service to drive greater financial accessibility amongst the underserved communities within the State of Sarawak. The bank said that the expansion of the
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Hong Leong Partners PayNet to Turn Sekinchan Into the First Cashless Village
Hong Leong Bank (HLB) has formed a partnership with Payments Network Malaysia (PayNet) to roll out its first ‘Project Cashless Kampung’ in Sekinchan, Selangor. This project aims to push for financial inclusion by ensuring all 24,000 Sekinchan residents have access
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MDEC, FAOM Links up With 10×1000 to Offer “Flex” Fintech Programme in Malaysia
Fintech training platform 10×1000 Tech for Inclusion launched its global Fintech Foundation Programme Flex, an online certificate programme with the goal to bridge digital skills gap to drive inclusion. The Malaysia Digital Economy Corporation (MDEC) and Fintech Association of Malaysia
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Driving Financial Inclusion With BNPL and Smarter Decisioning
While news headlines broadcasting Buy Now, Pay Later’s (BNPL) incredible adoption trajectory are a daily occurrence, innovative lenders know that BNPL offers more than a growth story. It’s an opportunity to make headlines about how their business is empowering consumers
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