Financial Inclusion

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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Kenanga Futures’ New Campaign to Make Derivatives Trading More Accessible

Kenanga Futures, a Malaysian listed derivatives broker, is launching a new campaign to build a smart derivatives trading community in a bid to boost retail participation. The “Grow Your Futures” campaign offers a reduced account opening fee of RM10 from

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Silverlake Axis, Safeguards to Launch M’sia’s First Independent ATM Deployer

Digital banking solutions provider Silverlake Axis (SAL) has partnered with Safeguards Corporation to launch Malaysia’s first Independent ATM Deployer (IAD). Tech giant IBM and Wanclouds, a multi-cloud SaaS and managed service provider, are also partners in this project. An independent

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Paywatch Partners With Visa in Financial Inclusion Push

Earned Wage Access (EWA) service provider Paywatch has partnered with Visa to promote financial inclusion among Asia’s workforce. Paywatch plans to extend its reach to more of Asia’s workforce and promote financial inclusion by leveraging Visa’s cross-border capabilities, network and

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BNM Lays Out Second Financial Inclusion Framework for the Next 4 Years

The Bank Negara Malaysia (BNM) has developed its second Financial Inclusion Framework (2023–2026) to address several remaining barriers and challenges.   The four-year strategic roadmap features a shift in the focus from accessibility and usage to achieving broader development outcomes

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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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