Tagged: malaysia

August 30, 2023 @ 8:47 pm By Omar Faridi  |  

More Asian travelers to Malaysia will enjoy a seamless digital payment experience at over 1.8 million merchants across the country while Malaysian residents will be able to pay with e-wallets of their home country abroad, thanks to a MOU signed recently between Payments Network Malaysia… Read More

August 29, 2023 @ 7:22 am By Omar Faridi  |  

Bank Indonesia, Bank Negara Malaysia, and the Bank of Thailand have reportedly concluded three bilateral Memorandum of Understanding (MoUs) on 25 August 2023. These MoUs are the Framework for Cooperation to Promote Bilateral Transactions in Local Currencies between the countries. The scope of the framework… Read More

August 29, 2023 @ 1:17 am By Michael Wong  |  

In a major strategic move to extend its footprint in Southeast Asia, CTOS Digital Bhd, a Malaysia’s based credit reporting agency, has announced the acquisition of two credit scoring companies in the Philippines and Indonesia. The deal, valued at $6.37 million, was disclosed in stock… Read More

August 28, 2023 @ 10:12 am By Omar Faridi  |  

The State Bank of Vietnam (SBV), the central bank of Viet Nam, has officially joined the Regional Payment Connectivity (RPC) initiative. This recent development is “an expansion of the Memorandum of Understanding on Cooperation in Regional Payment Connectivity (MOU RPC) that was initiated by the… Read More

August 27, 2023 @ 1:28 pm By Michael Wong  |  

Publicly traded banking and financial institution Alliance Bank Malaysia Berhad has announced its partnership with software house and IT services provider Comarch to launch a digital wealth platform. The Comarch Wealth Management system will allow the bank’s customers to view their financial information, including their… Read More

August 26, 2023 @ 7:39 pm By Omar Faridi  |  

Maybank introduced the myimpact credit card, in efforts “to empower its customers towards making better sustainable life choices which will impact the next generation.” The credit card, which is “made from bio-sourced polylactic acid, features a ground-breaking initiative deemed first-of-its-kind in the country, provides mechanisms… Read More

August 14, 2023 @ 8:43 pm By Omar Faridi  |  

Maybank and Credit Guarantee Corporation Berhad (CGC) announced the launch of the first-of-its-kind direct Application Programming Interface (API) platform for the SME Digital Financing. This integration effects faster CGC guarantee approval process “through real-time approvals, empowering the small and medium enterprises (SMEs) with instant access… Read More

August 13, 2023 @ 5:24 am By Omar Faridi  |  

UnionPay International (UPI) and Payments Network Malaysia Sdn Bhd, or PayNet, Malaysia’s national payments network jointly signed an agreement in Shanghai in order to support “the cross-border QR code linkage and enable the full acceptance of the UnionPay App (Chinese-mainland, Hong Kong and Macao versions)… Read More

August 11, 2023 @ 9:33 am By Omar Faridi  |  

Tranglo is pleased to announce a partnership with TNG Digital Sdn Bhd that allows the Malaysian fintech giant “to expand its cross-border remittance services to millions of customers.” TNG Digital will leverage Tranglo’s network and infrastructure integration “to let its users send money directly from… Read More

August 8, 2023 @ 6:07 am By Omar Faridi  |  

Small and medium-sized business (SMB) financing platform Funding Societies announced that it has teamed up with CGC Digital, the Fintech division of Credit Guarantee Corporation Malaysia (CGC) in order to support MSMEs operating across the Southeast Asian nation. Via this collaboration, CGC Digital created a… Read More

July 30, 2023 @ 5:57 am By Omar Faridi  |  

Maybank offers a welcome to Tesla (NASDAQ:TSLA) after their recent announcement to enter the electric vehicle (EV) auto market for their Model Y in Malaysia. This also signifies the Group’s involvement “as the key EV financing partner for Tesla in the country aligned to its… Read More

July 26, 2023 @ 3:32 pm By Omar Faridi  |  

Currencycloud, which claims to be the expert team simplifying business in a multi-currency world, has partnered with Malaysia-based GAT Investment Bank in order to launch GAT Money, an app offering an alternative solution to new clients who “need a global banking solution which offers access… Read More

July 25, 2023 @ 8:41 pm By Omar Faridi  |  

TNG Digital Sdn Bhd has launched its digital remittance services, GOremit in the Touch ‘n Go eWallet, as part of its commitment to innovate and drive inclusivity across products and services. With GOremit, users can “send money securely to five Southeast Asian countries namely Indonesia,… Read More

July 17, 2023 @ 11:11 pm By Omar Faridi  |  

Razorpay says they have always believed that simplifying payments is a universal problem. Businesses across the world grapple “with the same question: how can my payments experience be simpler, faster, and more efficient?” At Razorpay, they took this challenge head-on in India, “solving for tens… Read More

July 10, 2023 @ 6:59 pm By Omar Faridi  |  

Maybank entered into a strategic partnership with Cambridge International Financial Advisory (IFA) in order “to establish the collaboration and to explore new opportunities in the field of Islamic Finance.” The ceremony took place at Menara Maybank, Kuala Lumpur “with over 150 attendees consisting of industry… Read More

July 1, 2023 @ 6:59 am By Omar Faridi  |  

In efforts to further strengthen its online banking ecosystem and protect its customers, Maybank announced that it has successfully completed the migration to Secure2u for online banking services including bill payments and DuitNow, FPX and IBG transactions. Maybank is fully supportive of and has “completed… Read More

June 10, 2023 @ 12:25 pm By Omar Faridi  |  

Maybank recently launched its cross-border QR payment service for Maybank customers travelling to Singapore, Indonesia, and Thailand as they can now make cashless and instant payment transactions via the MAE app. Similarly, incoming tourists from these countries “will also be able to make cashless payments… Read More

May 29, 2023 @ 5:35 pm By Omar Faridi  |  

UOB Malaysia announced the launch of its refreshed mobile banking app, UOB TMRW. The all-in-one app, “powered by leading technologies including data analytics, artificial intelligence (AI) and machine learning models, underscores the Bank’s commitment to provide customers with a simpler, smarter and more personalized banking… Read More

May 23, 2023 @ 5:30 pm By Omar Faridi  |  

The Securities Commission Malaysia (SC) has taken action against Huobi Global Limited, and its Chief Executive Officer Leon Li for “operating a digital asset exchange (DAX) in Malaysia without registration.” Accordingly, the SC has “issued a public reprimand against Huobi Global Limited, and Leon Li… Read More

May 21, 2023 @ 9:52 pm By Omar Faridi  |  

Futu Holdings Limited (Nasdaq: FUTU) announces its expansion into Malaysia with its super investment platform, moomoo, introducing a comprehensive suite of tech-driven offerings to promote financial inclusion. Through inclusive finance, Malaysia investors “will enjoy lifelong access to a holistic suite of self-help educational resources, free-for-all… Read More