Payments

How Tech Innovation Simplifies Payments and Reduce Risks for Fintechs, Digital Banks

In 2021, over 7.2 billion transactions were made with e-payment channels in Malaysia, a 30% year-on-year increase. This makes it the largest growth spurt since 2006, according to Malaysia Digital Economy Corporation (MDEC). The effects of pandemic-accelerated digitalisation appear to

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How Travel Agents Can Benefit from Tranglo’s Payments Services

After two years of stasis, the pent-up demand to cross international borders again has breathed new life into the travel industry. The UNWTO reported that global international tourist arrivals more than doubled (+130%) in January 2022 compared to 2021, amounting

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Worldline’s Ingenico and GHL’s Paysys Pair Up to Tackle the Malaysian Payment Market

French and Malaysian payment solution providers Ingenico and Paysys have signed an agreement to combine their business strengths to address the Malaysian payment market. Ingenico is part of the Worldline group, while Paysys is a wholly owned subsidiary of GHL

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Taiwan’s CTBC Bank Offers Tap-On-Phone Taxi Payments Powered by Soft Space

Taiwan’s CTBC Bank has partnered with Malaysian fintech firm Soft Space to allow its customers to pay their taxi fares through tap-on-phone payments. CTBC Bank’s “Tap to Phone” service leverages Android smartphones with near-field communication (NFC) technology to accept contactless

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Tranglo Opens up New Payout Corridor to the UAE

Cross-border payments firm Tranglo announced that it has opened a new payment corridor to the United Arab Emirates (UAE). This is part of Tranglo’s Middle East expansion programme, which focuses on infrastructural investment and network building to add supplementary channels

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Banks to Heighten Cybersecurity Countermeasures After iPay88’s Breach

Malaysia’s iPay88 revealed in a statement that it had experienced a cybersecurity incident where card data may have been potentially compromised. iPay88 said that upon discovery of the issue, it had immediately initiated an investigation on 31 May 2022 and

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TNG E-Wallet Users Can Refuel at Shell With Contactless RFID Payments

Touch ‘n Go Group and Shell Malaysia has launched a new cashless experience that enables customers to pay for fuels using Touch ‘n Go RFID at 88 Shell stations nationwide. According to Touch ‘n Go, the number of Shell stations

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Apple Pay Makes Its Debut in Malaysia

Apple announced that its customers in Malaysia can now use Apple Pay with their iPhone, Apple Watch, iPad, and Mac. Merchants such as KFC, Maxis, Machines, McDonald’s, Mydin, Pizza Hut, Starbucks, U Mobile, Uniqlo, Village Grocer, and Watsons — and

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BigPay Adds New Remittance Corridors in 38 Countries Across the UK and Europe

BigPay, a Capital A venture company, announced that it has added 38 new countries to its international remittance services. This includes England, Northern Ireland, Scotland, and Wales in the United Kingdom, and 34 countries in Europe, including France, Germany, Italy,

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Payment Managers Are Redefining Their Strategic Priorities for 2022

It is evident that digital acceleration is creating a new payments paradigm as corporate non-cash payments are forecasted to reach US$200 billion transactions by 2025. Shifting global payments priorities are placing new pressures on payments operations. Payments executives are facing

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