Lending
Maybank Launches Digital Home Financing Solution Within Its MAE App
Maybank announced that it has launched its digital home financing solution “Maybank Home2u” on its MAE app that is capable of providing approvals within 10 seconds and is available to both existing and new customers. Backed by Maybank’s proprietary automated decisioning
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EdgeProp Malaysia and Finology Rolls Out LoanReport for Pre-Approved Loans
Property portal EdgeProp Malaysia has launched a home loan pre-approval tool dubbed as the “LoanReport” that was developed in partnership with Finology, a Malaysian-based fintech company that specialises in enabling digital underwriting for loan and insurance products. The tool can
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Boost Forays into Islamic Fintech with New MSME Financing Scheme
Axiata’s fintech arm Boost is offering micro, small and medium enterprises (MSMEs) financing up to RM100,000 financed through its digital lending subsidiary Boost Credit that was formerly known as Aspirasi. ‘Capital Plus’ is a Shariah-compliant micro-financing facility based on commodity
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Funding Societies Malaysia Surpasses RM1 Billion in Financing Disbursement
SME digital financing platform Funding Societies Malaysia, announced that it has disbursed RM1 billion in financing to micro, small and medium enterprises (MSMEs) across more than 17,000 financing deals. This milestone comes as the platform enters its fifth year of operations
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Earned Wage Access Platform Paywatch Bags US$5.25 Million in Seed Funding
Earned wage access (EWA) service provider Paywatch has raised US$ 5.25 million in a seed funding round led by US venture capital firm Third Prime and prominent family offices in Singapore and Hong Kong. Operating in South Korea, Malaysia and
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SME Corp Partners MicroLEAP to Disburse RM 10 Million in Shariah-Compliant Financing
Shariah-compliant P2P financing platform microLEAP has just been appointed by SME Corporation Malaysia (SME Corp) as the financial intermediary under its Digital Financing Initiative (DFI) pilot project. The collaboration will see SME Corp disburse RM 10 million worth of Shariah-compliant
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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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