Payments

Finally, TNG’s E-Wallet Gets Crucial Updates, Can it Stay Ahead of The Competition?

After the disastrous release of a Touch ‘n Go reload app in March, the company returns with a newly updated, fully-fledged Touch ‘n Go e-wallet. Many in Malaysia opine that Touch ‘n Go was arguably best positioned to release a Malaysian

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Malaysians Can Now Link Their Hong Leong Debit Cards to WeChat Pay

Malaysians who own a Hong Leong debit card can now start treating the freshly-launched WeChat Pay as their extended Hong Leong account, with the announcement of a new partnership between the e-wallet and the bank. Now, users can link their

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WeChat Pay Launches in Malaysia With An Alipay-Killing Money Gifting Scheme

After a few months of a soft launch WeChat Pay, a QR code-based e-wallet finally makes its official debut in Malaysia into the wallets of at least 20 million active WeChat users. With such a crowded market here in Malaysia,

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Digi’s vcash Will Be on 10,000 Terminals Thanks to AmBank and an SME Strategy

Besides fintech companies, telcos have been making big pushes towards growing and developing their e-wallets for Malaysia to move into the cashless future. Digi was part of that trend, with the launch their e-wallet vcash at the end of last year.

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How Many E-Wallets is Too Many E-Wallets In Malaysia?

I don’t think there are any concrete lines we can draw about how many e-wallets in Malaysia is more than neccesary, but I would argue that over 40 is far too many for one ecosystem. And that’s just the ones

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Grab and Maybank Ties Up to Drive GrabPay

South East Asia’s ride hailing giant, Grab and Malaysia’s largest bank Maybank, has announced their partnership to drive the acceptance and usage of GrabPay in Malaysia. This partnership also involves collaborative efforts to drive merchant acquisition. Maybank’s Malaysia customers will

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MoneyMatch Embraces Ripple’s Blockchain Solution to Power Payments

Ripple, the enterprise blockchain solution for global payments, is announcing that five new customers across Europe and Asia will use xVia to power frictionless payments over RippleNet, among the companies announced is Malaysia’s very own fintech company MoneyMatch. xVia is

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Soft Space Secures Series B Funding from Sumitomo Mitsui, Eyes International Expansion

Soft Space announced the closing of a Series B investment with Sumitomo Mitsui Card Company (SMCC)  a wholly-owned subsidiary of Sumitomo Mitsui Financial Group (SMFG), which is one of the largest financial groups in Japan. Founded in 2012 Soft Space

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iPay88 Attempts at Banking the Underbanked with Virtual Accounts

iPay88 today announces its latest offering known as the ‘Virtual Account’ – a payment solution that is targeted at the country’s ‘underbanked’ communities. Malaysia has a total population of 31.3 million as of 2017, with about 22.6 million being adult

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What Is BNM’s ICTF and What Does It Mean For a Cashless Malaysia

Bank Negara Malaysia has issued the Interoperable Credit Transfer Framework (ICTF) on 20th March 2018, which has taken into account feedback received during the public consultation period on the Exposure Draft released on 7 December 2017. This new policy document

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