Payments

UOB Sees Double Digit Growth in Digital Payments in Malaysia

UOB Malaysia today reported that its customers’ use of digital payment methods in 2018 has grown by almost 50 per cent over the year before. This increase reflects changes in the way customers’ choose to make payments, a report compiled

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Maybank Aims to Convert Its 4.5 Million Mobile Users to Their New E-Wallet MAE

Maybank officially launched its new e-wallet MAE today, though many e-wallet enthusiasts would have already gotten their hands on it yesterday. MAE which is short for “Maybank Anytimes, Everyone” seems to be Maybank’s answer to Malaysians’ increased interest in e-wallets.

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What Razer’s Malaysian Headquarters Launch Means for its Fintech Ambitions

Razer today announced the official opening of its new country headquarters in Malaysia, housing over 280 employees within The Vertical at UOA Corporate Towers. The event was graced by Malaysia’s Minister for Finance Lim Guan Eng, as well as Minister

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Malaysians Will Soon Be Able to Use Their Boost E-Wallet in Singapore and Thailand

Thanks to a partnership agreement signed between Axiata Digital’s Boost e-wallet and Singtel’s VIA alliance, Malaysians will soon be able use their Boost mobile wallet to make payments in Singapore and Thailand. VIA was launched by the Singtel Group in

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How Cashless is Malaysia Right Now?

Between Bank Negara Malaysia’s (BNM) ICTF and the more recently announced Real-Time Retail Payments (RPP) system, an ecosystem rife with Malaysians with at least a debit card, and e-wallets to target those who do not; Malaysia seems to be well underway towards

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GHL Enables Singaporeans to Use Their Debit Card Scheme NETS in Malaysia

Singaporeans visiting Malaysia will now be able to make card payments using NETS ATM cards thanks a recent collaboration between Paynet and NETS. Currently, the payment acceptance for the NETS scheme is available to cards issued by Singaporean banks like

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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 Stripe 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. Setting up Stripe Malaysia was

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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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