Financial Inclusion
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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Malaysia’s High Financial Inclusion Rate Only ‘on Paper’, Mambu Says
A recent study of 2,000 global consumers by Mambu, a banking and financial services platform, revealed that both banked and unbanked individuals feel underserved, with 56% of banked customers claiming that there are other services they should be able to
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Rebooting SME Banking in Southeast Asia
Despite playing a significant role in Southeast Asian economies, most small and medium-sized enterprises (SMEs) still have limited access to financing and remain to this day largely underserved by traditional banks. According to the World Bank IFC’s estimates, there is
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Are Gig Platforms Doing Enough to Promote Financial Inclusion?
Comprising over 75 per cent of employment in Southeast Asia, gig workers provide the horsepower to fuel the region’s meteoric rise. Defined by its speed and convenience, the gig economy consists of individuals providing services on temporary or short-term contracts.
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Intelligently Manage Money with Mobility
Technology has been changing behaviour of people. Many are showing significance reliance on the Internet – mobile network in particular – more than ever. At the same time, technological innovations are led by such behavioural changes. Indeed, successful innovations need
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Providing Financial Services to Malaysia’s Invisible Population
Financial inclusion has been the rallying call for many fintechs, but with Malaysia’s high banked population of over 90%, what are some of the gaps that remain to be unplugged? Perhaps one of the most often overlooked segment of society
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Huawei Developer Conference: Brett King Talks Financial Inclusion, Banking 4.0, and More
At the 2020 Huawei Developer Conference held earlier this week, fintech influencer, best-selling author, and entrepreneur Brett King joined the finance tech.session to talk about the role of technology to improve financial inclusion and shared his views on how banking
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Instapay Launches an E-Wallet for Migrant Workers Eyes 100,000 Users
Instapay announced today the launch of an e-wallet service that is targetted at the migrant worker population. The company holds an e-money license with Bank Negara Malaysia (BNM) and has teamed up with Mastercard to a pre-paid payments card that’s
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