Payments

RHB Facilitates Adoption of Boost e-Wallet at Government Clinics

RHB Islamic Bank announced today that they have collaborated with Boost and the Ministry of Health Malaysia to enable e wallet payments within government clinic. Under this partnership, RHB is the main banker for MOH in managing collection and payment

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Prudential Partners Boost for Digital Payments

Prudential announced today a partnership with Boost to enable e-wallet payments for Prudential’s customers. Through this partnership the insurer’s customers can now opt to use Boost as a payment option on Prudential’s website. This payment option is made available for

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Soft Space Lands Partnership in Thailand to Drive Cashless Push

Soft Space and its Thai-based partner Digio announced Thursday that they landed a partnership with interbank payment provider, Processing Center Company (PCC), Thailand’s PayNet equivalent. The solution, dubbed “FLite” will be deployed by one of PCC’s shareholder banks and the

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TransferWise Launches in Malaysia, Open to Partnership with E-Wallets

Following the news of TransferWise securing their remittance license from Bank Negara Malaysia in June 2019, the international remittance company announced that they have officially launched their operations in Malaysia today. Speaking at the launch Taavet Hinrikus, Co- Founder and

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GrabPay Becomes First E-Wallet in Malaysia to Adopt DuitNow QR

PayNet and Grab jointly announced today that GrabPay has adopted Malaysia’s national QR payments standard, DuitNow QR; making GrabPay the first e-wallet in Malaysia to do so. This news follows Public Bank’s adoption of DuitNow QR earlier this June. DuitNow

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Touch ‘n Go E-Wallet Powers Cashless Payment Option For MULA’s E-Hailing Services

Touch ‘n Go e-wallet announced today that they have enabled customers of e-hailing app MULA to go cashless through their e-wallet. Ignatius Ong, CEO, TNG Digital Sdn Bhd told Fintech News Malaysia in a media statement that it is vital

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Stripe Teams up with PayNet and Launches in Malaysia

Today, Stripe, a global technology company that builds economic infrastructure for the internet, announced its official launch in Malaysia. It also announced a partnership with Payments Network Malaysia Sdn Bhd (PayNet) to make FPX available to businesses in the country.

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What is The Role of Fintech in Asia’s Growing Remittance Market?

In 2018, a record high of US$ 689 billion worth of remittance was made and US$ 529 billion of which were sent to low and middle-income countries. ASEAN, in particular, is a burgeoning region that is capturing the interest of

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BigPay Announces the Launch of Remittance Services

BigPay, Air Asia Group’s fintech focused company announced today the launch of their international remittance service, which enables users to send money directly from Malaysia to bank accounts in Singapore, Thailand, Indonesia, and the Philippines, with no hidden fees and

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70% of Malaysians Prefer to Visit Shops that Accept Digital Payments, Visa Study Says

Digital payments are becoming the payment method of choice in Malaysia, with 70 percent of consumers preferring to visit merchants that accept digital payments compared to those that only accept cash, according to the Visa Consumer Payment Attitudes Study 2018.

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