Payments

Petronas Customers Can Now “Setel” Petrol Payments With The Tap of an App

Petronas just announced the launch of Setel, an e-payment solution geared towards fuel purchases directly from mobile devices. The app is designed to integrate directly with the fuel pumps, which would allow customers to purchase fuel with a few taps.

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Western Union Expands International Money Transfer Services to Malaysia

Western Union has launched online money transfers in Malaysia, where recipients can opt to cash out digitally,  or at cashout agents at one of Western Union’s international retail network. This expansion is part of Western Union’s bid to expand its

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Paynet & Soft Space To Enable Card Payments Acceptance Using Only Smartphones

Malaysians will soon be able to enjoy a new payments service that was made possible thanks to a partnership between payment company Soft Space and Malaysia’s national payments network PayNet. Dubbed as Fasstap, businesses will be able to use any

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Soft Space Partners Up With Singaporean Fintech Firm for eKYC and Market Expansion

Depsite having their co-founder recently step-down, Soft Space is showing no signs of slowing down. The payments company widely regarded as one of the leading payments fintech company in Malaysia has signed a memorandum of understanding (MoU) with Jewel Paymentech,

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44 Banks Want to Free You From The Hassle of Memorising Account Numbers

Last friday, some of you may have gotten a potentially questionable text from your banks—that your phone number might be integrated with something called ‘DuitNow’, and that you’re given a specific amount of time to opt out. Many Malaysians were

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BREAKING: Soft Space Co-Founder Leaves To Pursue Other Ventures

It’s official, Chang Chew Soon, co-founder and Group CEO will be stepping down from Soft Space effective 13th November 2018. He will also relinquish his role as director, though remain in the company as a shareholder. The Soft Space board

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How Malaysia Measures Up To Southeast Asia’s Payments Landscape

According to SKMM, Malaysia’s smartphone penetration grew from 68.7% in 2016 to 75.9% in 2017, and by all measures, will most likely show an upwards trend this year too. This puts our smartphone penetration at a slightly higher value than

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Grab and Fave Teams up To Tackle The Malaysian and Singaporean Market

Grab and Fave announced a strategic partnership for both parties to grow the respective platforms across the region. The partnership is aimed at capitalising on Grab’s user base of over 110 million downloads and Fave’s strong merchant network of over

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CIMB Introduces QR Terminal — 6 Major Wallets Accepted

CIMB Bank has introduced Quick Response (QR) Payment Acceptance at CIMB terminals. The bank claims to be first in-market to introduce QR payment acceptance to accept six major mobile wallets on one terminal. The six mobile wallet partners to be

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OCBC Cardholders Lacking Impulse Control Can Now Limit Purchases At Specific Merchants

Individuals with an OCBC credit card and a lack of impulse control have become the bank’s latest market in their newly minted offering. Through a collaboration with Silicon Valley company Ondot, OCBC Bank is allowing its customers the ability to

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