Payments

Malaysian Fintech IIMMPACT Lands US$2 Million Seed Funding From Sequoia India

Malaysian fintech company IIMMPACT announced that it has rasied US$2 million in seed funding from Sequoia India’s Surge, a rapid scale-up programme for startups in Southeast Asia and India. IIMMPACT is Surge’s first startup founded and based in Malaysia and

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India’s Razorpay Acquires Majority Stake in Payments Firm Curlec

Indian payment gateway provider Razorpay announced its first international expansion into Southeast Asia with the acquisition of a majority stake in Curlec, a Malaysian payments firm. Though the amount was not disclosed, Harshil Mathur, CEO and Co-Founder, Razorpay said that

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Fave Appoints Gary Yeoh as New Country Manager for Malaysia

Payments platform Fave announced that it has appointed Gary Yeoh as its Country Manager in Malaysia to oversee the day-to-day business operations. Gary has a broad spectrum of experience across various industries. He was a pioneer of the Berjaya Loyalty

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Malaysia and Indonesia Pilots Phase 1 of Cross-Border QR Payment Linkage

Bank Negara Malaysia (BNM) and Bank Indonesia (BI) has launched a cross-border QR payment linkage to enable instant, secure, and efficient cross-border payments between the two countries. Through this linkage, consumers in both countries will be able to make retail

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HSBC Rolls Out Multi-Currency Global Wallet for Malaysian SMEs

HSBC Malaysia has launched a multi-currency digital wallet that enables small-and-medium enterprises (SMEs) to make and receive international payments from one single global account. The HSBC Global Wallet is fully integrated within the bank’s existing business banking platform, HSBCnet, and

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Japan’s JCB Invests US$5 Million in Soft Space

Malaysian fintech startup Soft Space announced that it has formed a new strategic partnership with Japanese credit card company JCB following a US$5 million investment from the payment giant. Both entities will also engage in a series of business collaborations

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Tranglo Adds Hong Kong to Its Cross-Border Payments Network

Cross-border payments firm Tranglo has added Hong Kong as a receiving corridor on its cross-border payments network to allow near real-time payouts. Tranglo will leverage the country’s Faster Payment System, launched by the Hong Kong Monetary Authority in 2018 to

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Tutuka, Paymentology Merge to Form New Payments and Card Processing Powerhouse

Issuer processors Paymentology and Tutuka announced that both entities are merging to create a new payments and card processing powerhouse. Operating under the Paymentology name, the merger creates a new force in payment solutions which gives banks and fintechs the

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Is Payment Friction Challenging Your Business Growth Ambitions?

Digital payments transaction value is growing exponentially and is expected to climb to US$5.6 trillion in Asia by 2025. For companies that use digital payments, user experience, straight-through processing rates and operational efficiency have become primary concerns. Although companies such

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China Construction Bank Malaysia Inks MoU With PayNet for Cross Border QR Payments

China Construction Bank (Malaysia) (CCBM) has signed a Memorandum of Understanding (MoU) with Payments Network Malaysia (PayNet) for collaboration on real-time cross-border QR payments between Malaysia and China. This will give more options for consumers and merchants in the cross-border

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