Payments

Grab and Maybank Ties Up to Drive GrabPay

South East Asia’s ride hailing giant, Grab and Malaysia’s largest bank Maybank, has announced their partnership to drive the acceptance and usage of GrabPay in Malaysia. This partnership also involves collaborative efforts to drive merchant acquisition. Maybank’s Malaysia customers will

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MoneyMatch Embraces Ripple’s Blockchain Solution to Power Payments

Ripple, the enterprise blockchain solution for global payments, is announcing that five new customers across Europe and Asia will use xVia to power frictionless payments over RippleNet, among the companies announced is Malaysia’s very own fintech company MoneyMatch. xVia is

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Soft Space Secures Series B Funding from Sumitomo Mitsui, Eyes International Expansion

Soft Space announced the closing of a Series B investment with Sumitomo Mitsui Card Company (SMCC)  a wholly-owned subsidiary of Sumitomo Mitsui Financial Group (SMFG), which is one of the largest financial groups in Japan. Founded in 2012 Soft Space

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iPay88 Attempts at Banking the Underbanked with Virtual Accounts

iPay88 today announces its latest offering known as the ‘Virtual Account’ – a payment solution that is targeted at the country’s ‘underbanked’ communities. Malaysia has a total population of 31.3 million as of 2017, with about 22.6 million being adult

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What Is BNM’s ICTF and What Does It Mean For a Cashless Malaysia

Bank Negara Malaysia has issued the Interoperable Credit Transfer Framework (ICTF) on 20th March 2018, which has taken into account feedback received during the public consultation period on the Exposure Draft released on 7 December 2017. This new policy document

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Telenor’s Valyou Launches Wallet-To-Wallet Remittance From Malaysia To Bangladesh

Valyou, in partnership with Mutual Trust Bank (MTB), has introduced wallet-to-wallet remittance from Malaysia to Bangladesh. This first-of-its-kind integration enables migrant workers in Malaysia to transfer money directly to any bKash account in Bangladesh using Valyou Mobile Wallet app. Valyou

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Fintech in Malaysia 2018 – January News Roundup

Malaysia’s fintech scene is becoming increasingly active, it is sometimes difficult to keep track of all the important events, we figured it might be useful to our readers to do a summary. Here are some news roundup for the month

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Merchantrade Launches Multi-Currency Payments Card and Mobile Wallet with VISA

Merchantrade Asia Sdn Bhd a home-grown Money Service Business operator has launched a VISA multi-currency prepaid card that digitally converts pre-loaded Malaysian Ringgit into multiple currencies. This launch comes in the time of an increasingly competitive landscape with the likes

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iPay88: Malaysia’s Cashless Ambition On Track

Malaysia shows significant growth in cashless transactions Mobile payments are the most dominant method Online banking is a preferred method over cards in the eCommerce space   Malaysian-based iPay88, a provider of online payment service solutions in ASEAN shared its

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An Inside Look: Concerns on Malaysia’s First Cashless Store by IrisPay

As the digital wallet war heats up in Malaysia, a new player, Irispay throws its hat into the ring with their fully cashless concept store in Subang Jaya, seemingly as a push to promote usage for their digital wallet. Irispay

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