Payments

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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Wise Rolls out Multi Currency Account and Card in Malaysia

Wise, a London-based online money transfer service formerly known as TransferWise, announced the launch of its multi-currency account and card in Malaysia. The Wise account and complementary card comes with additional features which are not typically found within the standard

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US-Based Remittance Firm UniTeller Partners Tranglo to Expand in 13 APAC Markets

UniTeller, an international remittance payments processor based in the United States, has extended its remittance services to more customers in Asia Pacific by partnering with Malaysian cross-border payments specialist Tranglo. The partnership with Tranglo will allow UniTeller to further expand

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BNM and PayNet Joins Project Nexus for Faster, Cheaper Cross-Border Payments

Bank Negara Malaysia (BNM) and Payments Network Malaysia (PayNet) will be participating in Project Nexus by collaborating with international partners on a proof-of-concept (PoC) to improve the cost and speed of cross-border payments. Project Nexus will explore the feasibility of

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