Payments

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

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
Payments

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
Lending Payments

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
Payments

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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TransferWise Malaysia Enables Money Transfer to China Through Alipay
Payments

TransferWise Malaysia Enables Money Transfer to China Through Alipay

TransferWise announced today the expansion of their international money transfer service for customers in Malaysia who can now receive remittances from Indonesia and send MYR to Alipay users in China. The newly launched service in Indonesia is in partnership with

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Huawei Pay Now Available in Malaysia
Payments

Huawei Pay Now Available in Malaysia

Huawei announced that its mobile payment service, Huawei Pay, is now available to its Malaysian users. The same service was launched in Thailand in June 2020 This launch was in partnership with UnionPay International and Industrial and Commercial Bank of

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PayNet Signs on Revenue to Develop Secure Payment Tokenisation
Payments

PayNet Signs on Revenue to Develop Secure Payment Tokenisation

Payment solutions provider Revenue has secured a contract for the provisioning of the MyDebit tokenisation platform (TSP) for Payments Network Malaysia (PayNet). To formalise the deal, the company’s subsidiary Revenue Secure had signed an agreement with PayNet for the contract.

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Caltex Now Offers ShopeePay as a Contactless Payment Option
Payments

Caltex Now Offers ShopeePay as a Contactless Payment Option

Chevron Malaysia Limited, which markets the brand Caltex, announced its partnership with Shopee to enable contactless payments via the e-commerce platform’s mobile wallet, ShopeePay at more than 420 Caltex service stations nationwide. This partnership will allow customers to transact using

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GHL Unveils Financial Supermarket Ambitions with GROW
Payments Various

GHL Unveils Financial Supermarket Ambitions with GROW

Payments firm GHL has been gradually shedding from its pure payment play in a series of announcements it has made recently on new services and partnerships. In the 2nd quarter of 2020,  they secured a lending license in Malaysia, Thailand

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Merchantrade Inks Deal With Ant Group to Offer Remittance Services to Alipay Users
E-Wallets Payments

Merchantrade Inks Deal With Ant Group to Offer Remittance Services to Alipay Users

Merchantrade, a digital money services business operator and e-money issuer, has entered into a partnership with Alibaba’s Ant Group. The collaboration allows customers of Merchantrade in Malaysia and Singapore to facilitate real-time remittances to Alipay users in China, with funds

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