Lending

Funding Societies Launches Referral Scheme for MUFG Malaysia’s Corporate Clients

Southeast Asian SME digital financing platform Funding Societies has partnered with MUFG Bank Malaysia, a subsidiary of Mitsubishi UFJ Financial Group to launch a Referral Scheme Programme exclusively for the bank’s corporate clients in the country. The collaboration aims to

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Pine Labs Partners StanChart to Offer Zero-Interest BNPL Option on Credit Cards

Standard Chartered’s customers in Malaysia now have the option to avail 0% instalment options on credit cards at any offline point-of-sale powered by merchant commerce platform Pine Labs. The over 25,000 merchant outlets in Malaysia that run on Pine Labs

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Bank Negara Malaysia Leading Efforts to Regulate Buy Now Pay Later Schemes in 2022

Bank Negara Malaysia (BNM) announced today that it is driving inter-agency efforts to enact the Consumer Credit Act in 2022. Datuk Nor Shamsiah Mohd Yunus, Governor of BNM said that this will strengthen regulatory arrangements for all consumer credit activities

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iPay88 Partners Atome to Expand BNPL Acceptance to Its Merchants in Malaysia

Regional payment gateway provider iPay88 announced that it has formed a partnership with buy now, pay later (BNPL) platform Atome. This enables iPay88 to expand BNPL acceptance across its merchant touchpoints in Malaysia. The move is timely as BNPL is

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MicroLEAP to Disburse RM10 Million Islamic Financing for MDEC’s Agtech Programme

Shariah-compliant P2P (Peer-to-Peer) financing platform microLEAP has announced their collaboration with Bank Pembangunan Malaysia Berhad (BPMB) to finance Malaysia Digital Economy Corporation’s (MDEC’s) Digital Agtech Programme. The programme has been allocated with RM10 million in Shariah-compliant microfinancing for Malaysia’s agriculture

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PayHalal Taps Atome for Islamic BNPL Services in Malaysia

Shariah-compliant payment gateway PayHalal has partnered with Buy Now Pay Later platform Atome, to enable seamless Murabaha buy now pay later (iBNPL) acceptance across the former’s merchant touchpoints in Malaysia. Murabaha is also known as cost-plus financing, an Islamic financing

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GHL Doubles Down on BNPL Offerings in ASEAN With Atome

GHL group’s payment touchpoints across Malaysia, Thailand, Philippines and Indonesia will now be able to offer Buy Now, Pay Later (BNPL) payment option to consumers, following a partnership with BNPL platform Atome. The group said that this alternative payment solution

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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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BNPL Firm Atome Records 100X Order Volume Growth in Malaysia

Singapore-based buy now pay later (BNPL) platform Atome announced that its order volume in Malaysia has grown by 100X in the first half of the year. The company also added that its online and offline merchant network has grown 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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