Financial Inclusion

GXBank, Zurich Form 10-Year Partnership to Offer Insurance for Malaysia’s Underserved

Malaysia’s first digital bank, GXBank, in collaboration with Zurich General Insurance Malaysia and Zurich Life Insurance Malaysia, has announced a 10-year bancassurance partnership aimed at developing affordable micro protection insurance products for underserved Malaysians. The partnership will focus on using

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Over 75% of eMADANI Claims Were Made Through Touch ‘n Go eWallet

TNG Digital, the operator of Touch ‘n Go eWallet, reported that it was the go-to choice for Malaysians participating in the eMADANI initiative, securing over 75% of total claims. The eMADANI programme, designed by the government to encourage cashless transactions

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Maybank Islamic, TM Bridge Digital Divide for MSMEs With 5G Mobile Banking Bundle

Maybank Islamic in collaboration with Telekom Malaysia (TM) has launched the “Go Niaga” mobile business banking bundle for MSMEs, according to The Edge. The Go Niaga bundle is a fusion of Maybank Islamic’s robust financial solutions and TM’s advanced Uni5G

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Islamic Bank Australia Upholding Faith in the Digital Era

As inclusivity shapes global finance, Islamic banking gains momentum, providing an alternative to traditional models in line with Shariah principles.  Australia, known for its multicultural and economic prowess, is set to welcome its inaugural Islamic bank, marking a significant step

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Malaysians Can Now Donate Insurance Coverage to B40 via Touch ‘n Go eWallet

TNG Digital (TNGD), Allianz General Insurance Company, and Yayasan Prihatin Nasional (PRIHATIN) to empower the underinsured or uninsured individuals, largely the B40 communities, with insurance coverage through Dana Rahmah through crowdfunding. This will enable Malaysians to donate and provide a

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Touch ‘n Go eWallet Provides 1,000 Points, RM500 Vouchers to eMADANI Claimants

TNG Digital, the operator of Touch ‘n Go eWallet, will offer up to RM100 million in GOrewards points and free merchant vouchers to each eligible eMADANI 2023 claimant. For every Ringgit spent, users will earn a 1% equivalent in rewards.

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MAE, Setel, ShopeePay, Touch ‘n Go eWallet to Disburse RM100 in eMADANI Programme

The Malaysian government has allocated RM1 billion to the eMADANI initiative, aimed at benefiting up to 10 million citizens including the B40 and M40 groups. This programme, set to commence on 4 December 2023, and ending on 20 February 2024,

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Bank Islam to Offer Shariah Banking Services to Qwork’s Freelancers

Bank Islam Malaysia has announced a strategic partnership with Qwork, a community-driven platform that connects businesses with freelancers. Through this partnership, Bank Islam aims to tap into Qwork’s extensive pool of gig workers to provide them access to Shariah compliant

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PayNet Collaborates with Paywatch to Roll Out Earned Wage Access Solution

PayNet, Malaysia’s national payments network and financial market utilities provider, has formed a partnership with Paywatch, a bank-backed earned wage access solutions provider, to offer an advanced flexible payroll solution to its workforce. This collaboration allows PayNet employees to instantly

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Dropee and BSN Launch Digital Niaga Programme to Help MSMEs Thrive

Dropee, a business-to-business e-commerce platform, and Bank Simpanan Nasional (BSN) have launched the Digital Niaga programme to aid micro, small, and medium-sized enterprises (MSMEs) in Malaysia. Both entities will identify qualified MSMEs to participate in the Digital Niaga programme to

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