Payments
ASX-Listed Payments Firm Novatti Acquires Malaysian Fintech ATX for US$7.1 Million
Novatti, an Australian Securities Exchange-listed payments firm, announced that it has acquired Malaysian fintech ATX for AUD 9.5 million (US$7.1 million) according to MarketScreener. ATX’s management team, including the founders who will be filling in as CEO and director for
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GrabPay Enhances Online Payments Security With Biometrics
GrabPay announced that it has recently strengthened its safety and security features designed to protect its users from fraud and security risks. The in-app wallet of superapp Grab has multi-layer security features will enable users to perform real-time digital transactions
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MyMy Partners Mastercard Ahead of Launch in 2022, Raises RM4 Million Funding
Homegrown e-wallet player MyMy announced its partnership for a principal membership from Mastercard to add prepaid physical and virtual cards to their offering. MyMy said in a statement that it is the only Malaysian startup that was able to receive
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Razer Ties up With PayNet to Power Tap-on Phone Services for Merchants
Razer Merchant Services (RMS), the B2B arm of Razer Fintech, has partnered with Payments Network Malaysia (PayNet) to launch the MyDebit Tap-On-Phone (TOP) feature on the RMS Virtual Terminal (RMS VT) mobile application. Through the RMS and PayNet collaboration, merchant
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HSBC Malaysia Has Entered the BNPL Arena with Visa Instalments
HSBC Malaysia has launched Visa Instalments, a new credit option to establish fixed repayment terms for select purchases over a set period of time on e-commerce platforms. The bank said that its Visa cardholders can now instantly select to pay
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PayHalal Taps Atome for Islamic BNPL Services in Malaysia
Shariah-compliant payment gateway PayHalal has partnered with Buy Now Pay Later platform Atome, to enable seamless Murabaha buy now pay later (iBNPL) acceptance across the former’s merchant touchpoints in Malaysia. Murabaha is also known as cost-plus financing, an Islamic financing
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Malaysia’s DuitNow and Singapore’s PayNow to Link in 2022
The Monetary Authority of Singapore (MAS) and Bank Negara Malaysia (BNM) today announced plans to commence a phased linkage of Singapore’s PayNow and Malaysia’s DuitNow real-time payment systems. The first phase of the PayNow-DuitNow linkage will be launched in the
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Newly Minted Indonesian Fintech Unicorn Xendit Relocates Financial Hub to Malaysia
Indonesian payments unicorn Xendit will be relocating its financial hub to Malaysia, this was announced during a speech by Finance Minister, Tengku Datuk Seri Zafrul Tengku Abdul Aziz during the launch of Malaysia’s Capital Market Plan 3. The Indonesian fintech
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HK Fintech Unicorn Airwallex Secures License for Cross Border Payments in Malaysia
Airwallex, a cross border payments company, announced that it has secured a money services business (MSB) license issued by Bank Negara Malaysia. They said, the new license will allow Airwallex to offer modern, streamlined and integrated international payment solutions for
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Soft Space Partners Global Payments to Expand Tap-On-Phone Payments to Taiwan
Global Payments, a global provider of payment technology and software services, announced that it supports the Soft Space Mobile Tap, a new smartphone-based payment acceptance solution for merchants, in Taiwan. Developed by Malaysian fintech Soft Space, the solution provides merchants
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