Payments
Boost E-Wallet’s CEO Chris Tiffin Steps Down
Last Friday, Boost’s CEO Chris Tiffin announced the end of his tenure as Boost Malaysia’s CEO. He has held that position for a little over two years now, as well as serving as Axiata’s Regional Head of Digital Financial Services. Chris has
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Silicon Valley Payments Darling Arrives in Malaysia
In a tweet by Silicon Valley-based Stripe’s CEO, Patrick Collison, he seemed to confirm that the company has commenced with beta testing in Malaysia. This tweet follows the company’s talked about expansion into Southeast Asia. Expanding here was seemingly just
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The Dark Side of Malaysia’s Quest into a Cashless Society
It’s no secret that Malaysia is gung-ho about cashlessness. Bank Negara Malaysia itself expressed as much, within the policies and guidelines outlined in their Interoperable Credit Transfer Framework (ICTF), and which PayNet, the system underlying much of payments and banking in
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Suprisingly, Malaysia Outperforms China in Government E-Payment Adoption
When one thinks about the most advanced countries in the world in the payments space, countries like China, Sweden and Australia often comes to mind. Malaysia is not among the countries that would typically occupy the mindshare of most. However,
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4 Big New Features You Can Expect from Your E-Wallets in 2019
PayNet Malaysia handles much of the underlying network for payments and banking in Malaysia. Owned by both Bank Negara Malaysia and a consortium of banks. The once controversial DuitNow launched by many Malaysian banks is one facet of the relationship between
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Alipay Powers Blockchain Remittance Service Between Malaysia and Pakistan
Telenor Microfinance Bank, in partnership with Valyou Malaysia, has introduced a blockchain-based cross-border remittance service, developed by Alipay, the online payment platform operated by Ant Financial. The blockchain remittance service is provided by Telenor’s Easypaisa and Valyou, a financial technology
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Digi and Mastercard Working Together on Digital Payments Card for Launch Early 2019
Digi, with Mastercard serving as the technology partner will offer a digital prepaid card—to be released for public use sometime in the first half of the year. The card is also developed with ManagePay (MPay). According to a press release, the
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After Blockchain, MyEG Diversifies into E-Wallets
Following their recent announcement of launching PayMe a blockchain based payroll solution, MyEG revealed that they will be unveiling a new e-wallet by September 2019 dubbed as iPayEasy. The company received their e-money license from Bank Negara Malaysia early 2018
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DuitNow Now Available to 17 More Banks
An additional 17 banks and non-banks will soon launch the DuitNow service as well. Customers wishing to receive DuitNow fund transfers using their mobile number need only perform a simple one-time registration to link their mobile number with their account
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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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