Search Results for: malaysia

September 14, 2024 @ 4:54 pm By Michael Wong  |  

Singapore-based Fintech group M-DAQ Global Pte. Ltd. has launched its Wallex cross-border foreign exchange (FX) and payment solution in Malaysia, following its acquisition of B2B payments service provider Easy Pay Transfers Sdn. Bhd. The launch of Wallex marks the expansion of M-DAQ’s footprint in the… Read More

August 25, 2024 @ 8:52 pm By Omar Faridi  |  

Maybank integrates art into its wealth management strategies, reflecting the Bank’s commitment to offering diversified and holistic solutions that will not only drive financial growth but also “enrich the lives of its clients while at the same time support local artists.” Recognizing the value of… Read More

August 17, 2024 @ 11:17 am By Omar Faridi  |  

MIMOS Berhad, the applied research and development arm of the Malaysian Government, has signed an MoU with the Worldcoin Foundation, Tools for Humanity (TFH) and MyEG, an e-government services provider, to integrate Worldcoin technology into the country’s digital infrastructure. The intent of the MoU is… Read More

August 3, 2024 @ 8:05 am By Michael Wong  |  

Grab-led GX Bank Berhad (GXBank) announced its plan to invest MYR 1.5 billion ($333 million) into Malaysia over the next five years, including the launch of the GX Untuk Semua initiative. In a statement, GXBank emphasized that the initiative aligns with its enduring commitment to… Read More

July 25, 2024 @ 5:00 am By Omar Faridi  |  

Maybank, a partner to two-thirds of Malaysia’s 1.2 million SMEs, has taken a significant step forward in empowering them by automating bookkeeping. This innovative solution frees them to focus “on their core business and allows for a more efficient way of managing their finances, seamlessly… Read More

June 30, 2024 @ 9:05 pm By Omar Faridi  |  

Maybank introduced the single device feature for sole proprietors where users can link up to five Maybank2u (M2U) access in the MAE app, enabling them to manage their finances in an easier and more seamless manner. This includes a combination of one individual account and… Read More

June 30, 2024 @ 8:25 pm By Michael Wong  |  

MoneyHero Limited, a Nasdaq-listed platform for personal finance and digital insurance aggregation in Southeast Asia, has announced a strategic acquisition involving its subsidiary CompareHero. Under the terms of the agreement, CompareHero, which operates solely in Malaysia, will be acquired by Jirnexu Sdn. Bhd., the operator… Read More

June 15, 2024 @ 10:19 pm By Michael Wong  |  

The Securities Commission Malaysia (SC) has released the first edition of the ‘Practical Guide on Venture Capital and Private Equity in Malaysia’ early this week, aiming to clarify the Malaysian policy landscape for fund managers, service providers, and investors in these sectors. The guide provides… Read More

May 26, 2024 @ 7:43 pm By Michael Wong  |  

Aeon Bank (M) Bhd officially launched its digital bank on Sunday, marking a historic milestone as Malaysia’s first Islamic digital bank. The launch aims to provide comprehensive, shariah-compliant digital banking solutions to all Malaysians. At the press conference held during the public launch ceremony, Chief… Read More

May 12, 2024 @ 7:09 pm By Omar Faridi  |  

Many countries have launched or are in the process of launching instant payment rails, which are transforming how payments are made and processed, the researchers at Juniper Research noted. However, one key limitation with national payment rails is “that they can only facilitate payments domestically,… Read More

April 30, 2024 @ 7:38 pm By Omar Faridi  |  

Gig workers in Malaysia constitute over a quarter of the country’s workforce, with nearly two million of them being women, accounting for 46% of all gig workers. Acknowledging the gig workers’ contributions this Labor Day, PolicyStreet is partnering with Kiddocare, a Khazanah-backed on-demand care services… Read More

April 25, 2024 @ 11:11 pm By Omar Faridi  |  

Maybank announced the launch of Maybank Goal-Based Investment, a beginner-friendly digital retail investment tool that allows customers to kickstart their financial wealth journey easily and conveniently. Available on MAE App and Maybank2u Web, the latest investment feature empowers customers to “achieve their financial goals through… Read More

April 22, 2024 @ 9:15 pm By Michael Wong  |  

Ant International, a Fintech and digital payment company headquartered in Singapore, has unveiled plans to establish a new Digital Business Centre in Malaysia, aimed at tapping into the region’s burgeoning tech talent to bolster its global operations. Scheduled to open in 2025, the center will… Read More

April 22, 2024 @ 8:17 pm By Michael Wong  |  

Aeon Bank (M) Bhd, a recipient of one of Malaysia’s five digital banking licenses, announced plans to commence operations and launch its banking application by the end of Q2 2024, news agency Bernama has reported. Raja Teh Maimunah Raja Abdul Aziz, CEO of Aeon Bank,… Read More

April 2, 2024 @ 5:12 am By Omar Faridi  |  

The Malaysian card payments market is expected to grow by 10.2% to reach MYR387 billion ($84.9 billion) in 2024, supported by constant consumer shift towards non-cash payments, says GlobalData, a data and analytics company. GlobalData’s Payment Cards Analytics reveals “that card payments value in Malaysia… Read More

March 30, 2024 @ 7:01 am By Michael Wong  |  

MOVE Digital, the digital arm of Malaysia-listed aviation group Capital A, announced a strategic collaboration with Singapore’s fintech powerhouse, Ant International. This partnership aims to diversify payment methods, enhance digital marketing efforts, and foster sustainable finance practices for the micro, small & medium enterprise (MSME)… Read More

March 13, 2024 @ 9:33 pm By Omar Faridi  |  

Bank Muamalat Malaysia Berhad (Bank Muamalat) announced a multi-year collaboration with Google Cloud to accelerate its transformation into a leading digital Islamic bank. This collaboration aims to leverage Google Cloud’s integrated capabilities in modern infrastructure, data analytics, security, and generative AI (gen AI) to “deliver… Read More

March 11, 2024 @ 2:11 am By Omar Faridi  |  

PolicyStreet, a regional insurtech company, partners with Direct Lending, a digital lending marketplace platform, to unveil DirectCare+, an embedded personal accident microtakaful with a loan protection feature. DirectCare+ stands as PolicyStreet’s inaugural microtakaful product offering, “solidifying PolicyStreet’s position as the first home-grown insurtech to embark… Read More

February 24, 2024 @ 10:33 am By Omar Faridi  |  

In line with its effort to enhance financial security for Malaysian families, PolicyStreet partners with neobanking service provider Vircle to introduce Vircle Club Protect—an exclusive embedded coverage “for children available to all Vircle VISA prepaid card subscribers.” Vircle, known for its parent-friendly e-money solutions, “empowers… Read More

February 20, 2024 @ 9:36 pm By Omar Faridi  |  

Maybank introduced the myimpact SME Hub, a one-stop integrated and holistic ecosystem for Malaysian Small and Medium Enterprise (SMEs), “offering value-based solutions established on sustainable and ethical principles.” It also serves as a knowledge hub and support system “to facilitate and partner SMEs in their… Read More