Financial Inclusion
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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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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