Payments

Unlocking APAC’s Cross-Border Commerce Opportunity with Embedded Payments

In Asia Pacific (APAC), the rapid development of cross-border e-commerce has fueled demand for cross-border payment capabilities and embedded financial solutions as small, online businesses embrace digital technologies to broaden their reach and go global, a recent report by Currencycloud shows. Embedded

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PayNet Appoints Farhan Ahmad as Its Group Chief Executive Officer

Payments Network Malaysia (PayNet), the national payments network and shared central infrastructure for Malaysia’s financial markets, has named Farhan Ahmad as its new Group Chief Executive Officer effective 12 April 2022, succeeding Peter Schiesser. Farhan was the Founder and Chief

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Fave Launches Tech Hub to Onboard up to 100 Engineers in 2022

Payments platform Fave announced that it has launched its Tech Hub in Kuala Lumpur, Malaysia to groom engineering talents and drive digital innovation in Southeast Asia. Over a period of 4 cohorts scheduled on 21 March, 9 May, 4 July

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PayNet Launches Digital Payments Accelerator With Grants up to RM500,000

Payments Network Malaysia (PayNet) has launched the Fintech ePayment Accelerator Programme which aims to support and advance startups focused on that segment. The three-months programme focuses on ideas and solutions that can help accelerate the adoption of digital payments in

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Deep Dive: Uncovering Short-term Opportunities for Global Banking

The banking sector in Asia Pacific is filled with opportunity in 2022, whilst also facing intensified competition. Rapid infrastructure developments and emerging technologies coupled with the pandemic have accelerated digital adoption across the region. Industry wide initiatives, most notably the

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Fave Taps Former Touch ‘n Go, Boost Exec as Regional Chief Product Officer

Payments platform Fave announced that it has appointed Arvindd Selvaratnam as its Regional Chief Product Officer. Arvindd will be overseeing the company’s regional product roadmap and strategic planning, and will be leveraging various emerging opportunities for Fave in their next

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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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