Payments

PayNet Appoints Soft Space’s FassPay as Third Party Acquirer

PayNet, the national payments network and shared central infrastructure for Malaysia’s financial markets, has appointed FassPay, a subsidiary Soft Space, to be a third-party acquirer (TPA) for MyDebit, the nation’s domestic debit card scheme. This appointment allows Fasspay to acquire

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Ripple Acquires 40% Stake Cross Border Payment Specialist Tranglo

Rippl, announced that it has agreed to acquire 40% of cross-border payments specialist Tranglo. This partnership will allow Ripple to meet growing customer demand in the region and expand the reach of On-Demand Liquidity (ODL), which uses the digital asset

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Boost Now Supports DuitNow QR Payments

Homegrown e-wallet Boost announced that it is now part of the PayNet Real Time Retail Payment Platform (RPP) and will adopt DuitNow QR, effective today. DuitNow QR is Malaysia’s national QR code standard established by Payments Network Malaysia (PayNet) under

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GHL Partners Split to Offer Buy Now Pay Later to its Merchants

Payments firm GHL announced today they will be piloting a Buy Now Pay Later (BNPL) service for its merchants in Malaysia through a partnership with Split, a homegrown BNPL firm that has processed RM 10 million in transactions Consumers can

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BigPay Introduces Cash Top Up in All 7-Eleven Stores Across Malaysia

Digital banking aspirant BigPay announced that it is expanding its range of financial services with the launch of cash top up at all 7-Eleven stores across Malaysia. They said that over 1.3 million of BigPay’s Malaysian users can now top

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Tranglo Makes Its Foray Into Africa and Latin America

Tranglo, a Malaysian cross-border payment specialist, announced 4 new payment corridors in Nigeria, Ghana, Uganda, and Brazil, marking the fintech’s first foray into Sub Saharan Africa and Latin America. Tranglo said that it aims to play its part in lowering

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TransferWise Survey: 50% of Malaysians Cite High Costs of Remittances as a Challenge

A survey conducted by TransferWise, an online money transfer service, has shed light on how the COVID-19 pandemic has affected the remittance habits of those living in Malaysia. The survey found that a whopping 50% of Malaysians find the high

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DuitNow QR Malaysia’s Universal Payment QR Now Widely Available

In a media statement issued by PayNet, the company announced that DuitNow QR is now widely available and multiple QRs on storefronts will soon be a thing of the past. They said that DuitNow QR is now offered by 26

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Buy Now Pay Later Platform Split Has Processed RM 10 Million in Transactions

Split, a Malaysian Buy Now Pay Later (BNPL) platform, announced that it has processed RM 10 million in transactions for Malaysian businesses nationwide within months The platform enables merchants to offer up to 3 interest-free installments to their customers who

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Soft Space Deepens Push into Japanese Market with GMO Partnership

Malaysian fintech startup Soft Space has announced that it has partnered with GMO Financial Gate (GMO-FG), a Japanese payment service provider, to introduce payment solutions within the Japanese market. With this partnership in place, Soft Space will be able to support

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