Tagged: malaysia

Malaysia: Maybank Introduces Transition Finance Framework in ASEAN at COP28 Dubai

Maybank launched its Transition Finance Framework, the “first” by a Malaysian bank at the United Nations Framework of Convention on Climate Change’s 28th Conference of Parties (COP28) in Dubai, in a continued effort to drive transition finance. The launch was witnessed by Nik Nazmi Nik… Read More

Online Banking: GXBank, Malaysia’s First Digital Bank, Officially Opens

GX Bank Berhad (GXBank), Malaysia’s first digital bank backed by Southeast Asia’s super app Grab, has officially launched its app, marking a significant milestone in the country’s banking sector. The launch event, attended by high-profile figures including YBhg. Datuk Johan Mahmood Merican, Secretary General of… Read More

Fintech: Singapore and Malaysia Launch Cross-Border Payment Linkage

The Monetary Authority of Singapore (MAS) and Bank Negara Malaysia (BNM) have jointly introduced a real-time payment systems linkage connecting Singapore’s PayNow and Malaysia’s DuitNow. This initiative builds upon the earlier QR payment linkage announced on March 31, 2023, facilitating cross-border QR payments to merchants…. Read More

Malaysia’s Maybank Expands Cross-Border Services to China, Enhances ASEAN Financial Integration

Maybank announced the expansion of its cross-border QR Pay service to China, one of the first in the market for a Malaysian bank, amplifying Maybank’s existing cross-border payment capabilities and enhancing the ease and efficiency of financial transactions. This initiative aims to benefit over 8… Read More

Singapore’s SMI Vantage to Launch Bitcoin Mining Business in Malaysia

SMI Vantage Limited, Singapore-based firm dedicated to cultivating new economy investments, is venturing into the cryptocurrency space by initiating a Bitcoin mining operation in Malaysia. The company disclosed the signing of a rental offer agreement via its wholly-owned subsidiary, SMI CS Pte Ltd. As per… Read More

Malaysia: MYEG and Beitou IT Innovation Launch Digital Identity Verification on Zetrix Blockchain

Malaysia’s e-government service provider, MY E.G. Services Berhad (MYEG), is joining forces with China’s state-owned Guangxi Beitou IT Innovation Technology Investment Group Co., Ltd. (Beitou IT Innovation) to pioneer an international digital identity credentials service using the Zetrix blockchain. Unveiled at the recent China-ASEAN Expo… Read More

Sustainability: RAM, Carbon Software-as-a-Service Firm MVGX Tech to Expand ESG Analytics Capabilities

RAM Holdings Berhad, the holding company of the largest credit rating agency in Malaysia and Southeast Asia, has entered into a partnership with MVGX Tech and Carbon Rating Malaysia Sdn Bhd (CRM) to strengthen RAM’s ESG rating capabilities. MVGX is a carbon Software-as-a-Service (SaaS) company and… Read More

Malaysia: Labuan FSA, Bermuda Monetary Authority to Cooperate on Regulatory Oversight

Malaysia’s Labuan Financial Services Authority (Labuan FSA) has signed a memorandum of understanding (MoU) with the Bermuda Monetary Authority (BMA) to facilitate increased regulatory, enforcement, and supervisory cooperation between the two regulatory bodies. The MoU was signed virtually by Nik Mohamed Din Nik Musa, Director-General… Read More

Malaysia’s SEC Welcomes Initial 3 Firms to Digital Innovation Fund

The Securities Commission Malaysia this week has announced the first group of award recipients for its Digital Innovation Fund. The Digital Innovation Fund was established to co-fund innovative projects that demonstrate the use of technology to allow new and competitive propositions in the Malaysian capital market. It… Read More

Solarvest Borneo Partners with CENTEXS, Huawei Malaysia, and GreenBay to Launch Green Data Center Testbed in Malaysia

Solarvest Borneo Sdn Bhd (Solarvest Borneo) has entered into a Memorandum of Understanding (MOU) with the Centre for Technology Excellence Sarawak (CENTEXS), Huawei Technologies (Malaysia) Sdn Bhd (Huawei Malaysia), and GreenBay CES Sdn Bhd (GreenBay) to launch a hyperscale green data center testbed and training… Read More

Fintech Alipay+, PayNet to Support Payment for Inbound, Outbound Malaysian Travelers

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

Bank Indonesia, Bank Negara Malaysia, Bank of Thailand to Support Use of Local Currencies

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

Malaysia’s Credit Reporting Agency CTOS Digital Buys Scoring Firms in the Philippines, Indonesia

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

Southeast Asia: Regional Payment Connectivity Expansion to Include State Bank of Vietnam

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

Alliance Bank Malaysia to launch digital wealth platform with 24/7 client portfolio access

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

Malaysia: Maybank Introduces Values-based myimpact Credit Card

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

Maybank-CGC SME Digital Financing Offers Instant Cash via Embedded Platforms

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

UnionPay International, Malaysian Payment Network PayNet to Support Cross-Border QR Interoperability

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

Malaysia, Remittances: TNG Digital, Tranglo to Expand Remittance Payments Services

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

Funding Societies, CGC Digital to Support Malaysia-based MSMEs

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

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