Payments

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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Western Union Expands International Money Transfer Services to Malaysia

Western Union has launched online money transfers in Malaysia, where recipients can opt to cash out digitally,  or at cashout agents at one of Western Union’s international retail network. This expansion is part of Western Union’s bid to expand its

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Paynet & Soft Space To Enable Card Payments Acceptance Using Only Smartphones

Malaysians will soon be able to enjoy a new payments service that was made possible thanks to a partnership between payment company Soft Space and Malaysia’s national payments network PayNet. Dubbed as Fasstap, businesses will be able to use any

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Soft Space Partners Up With Singaporean Fintech Firm for eKYC and Market Expansion

Depsite having their co-founder recently step-down, Soft Space is showing no signs of slowing down. The payments company widely regarded as one of the leading payments fintech company in Malaysia has signed a memorandum of understanding (MoU) with Jewel Paymentech,

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44 Banks Want to Free You From The Hassle of Memorising Account Numbers

Last friday, some of you may have gotten a potentially questionable text from your banks—that your phone number might be integrated with something called ‘DuitNow’, and that you’re given a specific amount of time to opt out. Many Malaysians were

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