Payments

Telenor’s Valyou Launches Wallet-To-Wallet Remittance From Malaysia To Bangladesh

Valyou, in partnership with Mutual Trust Bank (MTB), has introduced wallet-to-wallet remittance from Malaysia to Bangladesh. This first-of-its-kind integration enables migrant workers in Malaysia to transfer money directly to any bKash account in Bangladesh using Valyou Mobile Wallet app. Valyou

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Fintech in Malaysia 2018 – January News Roundup

Malaysia’s fintech scene is becoming increasingly active, it is sometimes difficult to keep track of all the important events, we figured it might be useful to our readers to do a summary. Here are some news roundup for the month

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Merchantrade Launches Multi-Currency Payments Card and Mobile Wallet with VISA

Merchantrade Asia Sdn Bhd a home-grown Money Service Business operator has launched a VISA multi-currency prepaid card that digitally converts pre-loaded Malaysian Ringgit into multiple currencies. This launch comes in the time of an increasingly competitive landscape with the likes

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iPay88: Malaysia’s Cashless Ambition On Track

Malaysia shows significant growth in cashless transactions Mobile payments are the most dominant method Online banking is a preferred method over cards in the eCommerce space   Malaysian-based iPay88, a provider of online payment service solutions in ASEAN shared its

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An Inside Look: Concerns on Malaysia’s First Cashless Store by IrisPay

As the digital wallet war heats up in Malaysia, a new player, Irispay throws its hat into the ring with their fully cashless concept store in Subang Jaya, seemingly as a push to promote usage for their digital wallet. Irispay

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E-Money License Granted: Grab Malaysia “Grabs” a Piece of the Payments Pie

Southeast Asia’s leading ride-hailing app Grab has obtained regulatory approval from Bank Negara Malaysia to launch its mobile payment service in Malaysia following it’s earlier approval from the Singaporean authorities. This move is mirrored by it’s Indonesian counterpart Go-Jek who

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Singaporean Fintech Firm, InstaReM Expands Remittance Services to Malaysia

  InstaReM secured approval under theMoney Services Licensed Business from Bank Negara Malaysia, it is eyeing aggressive expansion following its recent Series B Funding.   Headquartered in Singapore, InstaReM is a digital cross border payments company has announced its expansion

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WeChat Pay Vs Alipay: Here’s Why Alipay Will Be a Clear Winner in Malaysia

Geopolitical pressures to out-compete the Americans have driven China to exert its influence in South East Asia. Chief among the beneficiary of this exercise is Malaysia. While many of these government to government initiatives are largely focused on infrastructure projects,

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BNM Greenlights TNG Digital: Touch ‘n Go and AliPay’s Joint Venture

TNG Digital Sdn Berhad a new entity jointly formed by CIMB Bank’s subsidiarity, Touch ‘n Go and Alipay has received green light from Bank Negara Malaysia. The new entity will consist of Touch ‘n Go’ as the majority shareholder and

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Paynet: Real-Time P2P Payments with Your NRIC in 2018

ACI Worldwide, a global provider of real-time electronic payment and banking solutions, today announced that Payments Network Malaysia (PayNet), the national financial market infrastructure provider, will build Malaysia’s Real-time Retail Payments Platform (RPP) using ACI’s UP Immediate Payments solution. RPP

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