Tagged: malaysia

Adyen Announces Expansion of Acquiring Capabilities to Malaysia

Payments platform Adyen (AMS: ADYEN) announced on Monday it is expanding its acquiring capabilities to Malaysia. According to Adyen, the expansion helps businesses achieve higher authorization rates, better customer experience, and deeper data insights as the Malaysian market transitions to online payments. “Adyen acquiring complements… Read More

Razer Fintech in Malaysia Introduces #RazerForLife Program to Support Local Businesses During COVID-19

Razer Fintech, the Fintech division of Razer (a multinational financial service provider), has introduced #RazerForLife, an initiative that aims to support local Malaysian businesses. Global capital markets have been negatively affected by the COVID-19 outbreak. SMEs across the globe are struggling to maintain operations as… Read More

Largest Life Insurance Company in Singapore and Malaysia to Invest $70 Million in Axiata Digital’s Fintech Expanasion Plans

GREAT Eastern (Life Assurance), the largest life insurance company in Singapore and Malaysia, will be investing $70 million into Axiata Digital’s financial services business, in order to take part in the company’s Fintech-focused plans, according to Khor Hock Seng, group CEO at Great Eastern. The… Read More

Malaysia: Fintech BigPay Adds Australia and Vietnam to Global Remittance Service, will Add China Soon

Asian Fintech firm BigPay announced on June 19, 2020, that it has added Australia and Vietnam to its global remittance service, and will be adding China soon. The company added Bangladesh and India in January of this year. BigPay’s management noted that they’re committed to… Read More

Malaysian Fintech Curlec to Help SMEs Process Recurring Payments via Direct Debit Bank to Bank Transactions

Malaysia-based Curlec, a Fintech firm that aims to offer a better way for businesses to collect recurring payments, recently secured funding from 500 Startups, an early-stage VC fund and seed accelerator established in 2010 by entrepreneurs Dave McClure and Christine Tsai. Curlec completed its seed… Read More

Gibraltar’s Global Stock Exchange (GSX) Group Approved for Trading Platform in Malaysia

  The Global Stock Exchange (GSX) Group, based in Gibraltar, has received conditional approval to operate a digital asset exchange in Malaysia. The license application received a positive review from the Labuan International Business and Financial Centre (Labuan IBFC). Malaysia is a country that has… Read More

Malaysian Government to Encourage Consumers to Use Digital Wallets via $176 Million Adoption Plan

Tan Sri Muhyiddin Yassin, the prime minister of Malaysia, has helped with introducing several different economic stimulus plans. The nation’s government aims to help local residents and businesses that may be struggling to cope with the COVID-19 outbreak and resulting socio-economic problems. Malaysia’s recovery plan,… Read More

Mobile Banking: Malaysian Consumers Are More Comfortable with Online or Digital Banking Portals than US and Canadian Consumers, Survey Reveals

Global analytics software firm FICO reports that Malaysian consumers are more comfortable with using their mobile devices to open and manage bank accounts when compared to US and Canadian residents. FICO’s Consumer Digital Banking Survey reveals that 23% of Malaysians would rather open a bank… Read More

Fintech Firm Ant Financial Partners Myanmar’s Wave Money to Promote Financial Inclusion for the Underbanked

Ant Financial, the Fintech division of Chinese multinational e-commerce giant Alibaba Group (NYSE:BABA), has teamed up with Digital Money Myanmar (Wave Money), in order to promote financial inclusion and help the country’s unbanked and underbanked population. Ant Financial will offer its expertise in mobile and… Read More

Malaysia’s Telecommunications Firm Packet One Networks to Help the Financially Underserved after Acquiring Digital Banking License

C.C. Puan, the CEO at Packet One Networks (P1), a major wireless broadband provider focused on becoming an established mobile telecom by making access to the Internet a great experience for Malaysian residents, is planning to acquire a digital banking license. Puan remarked: “Getting the… Read More

The Case for Digital Banking Services in Malaysia, and Globally, has Become Stronger Due to COVID-19: Report

The Coronavirus (COVID-19) outbreak has created major social-economic challenges for individuals and businesses throughout the world. The pandemic has led to an increase in the use of Fintech-focused services, which has helped some companies generate more revenue during these difficult times. However, the crisis has… Read More

Insurtech: Singapore-based Axinian, an Insurance Technology Firm, Rebrands itself to “Igloo”, Secures Additional Funding

Singapore-based Axinian, an insurance technology (Insurtech) firm, has reportedly finalized its Series A+ investment round. To date, the company has secured $16 million in capital for its ongoing growth and development. Axinian’s funding round was led by InVent, the corporate venture capital division of Intouch… Read More

Bitcoin Scam: 14 Chinese Men Arrested in Malaysia for Allegedly Luring Investors into Fraudulent Cryptocurrency Investment Scheme

  Authorities in Malaysia have arrested 14 Chinese citizens because of their alleged involvement in a Bitcoin-related scam, which reportedly targeted unsuspecting investors in their home country. Dzulkhairi Mukhatar, the assistant commander in Malaysia, confirmed that the men were taken into police custody on April… Read More

Tokenize Malaysia Receives Full Regulatory Approval

Tokenize Malaysia, one of a handful of digital asset exchanges that was recognized as a conditional market operator by Securities Commission Malaysia in 2019, has received full regulatory approval according to multiple reports. The approval was delivered on April 1, 2020. The approval qualifies the… Read More

Malaysia’s OneCENT Mobile Fintech Platform to Help Businesses Transition to Cashless Digital Transactions

TFP Solutions Bhd, a provider of business productivity solutions and services for large enterprises, is planning to market the OneCENT mobile-based Fintech platform to local consumers in Malaysia after the Movement Control Order (MCO) has been lifted. Datuk Hussian A Rahman, managing director and board… Read More

AMTD Digital, the Digital Finance Unit of AMTD Group, to Acquire Controlling Stake in PolicyPal

AMTD Digital, the digital finance division of AMTD Group, has revealed that it will be acquiring a controlling stake in PolicyPal, a firm that’s licensed by the Monetary Authority of Singapore (MAS). PolicyPal is notably the first graduate of MAS’s Fintech regulatory sandbox program. The… Read More

Shariah-Compliant Fintech: Malaysia, Singapore, Indonesia Corridor has Made Substantial Progress in Establishing Islamic Finance Services

Vinnie Lauria, an entrepreneur and venture capitalist who established Golden Gate Ventures, an early-stage VC company managing more than $250 million in assets, notes that his Singapore-based company has been watching emerging tech sectors across the Southeast Asia region. Lauria reveals that he’s seeing significant… Read More

Digital Banking: CK Hutchison’s AMTD Group, a Financial Services Group, to Spin Off Virtual Bank Business

Earlier this month, the AMTD Group, a financial services group established by CK Hutchison (a Cayman Islands–registered global conglomerate based in Hong Kong that focuses on ports and related services, retail, infrastructure, energy, and telecommunications, and operates in more than 50 countries), revealed that it’s… Read More

Alex Tinsman: President at NEM Foundation Discusses LuxTag’s Use of XEM Tokens for its Crowdfunding Campaign in Malaysia

Equity crowdfunding continues to fill the gap for startups looking to raise capital. Malaysia-based LuxTag, an anti-counterfeit, track and trace, and anti-theft solution provider, recently secured $360,000 in funding, with 51% of the capital denominated in Bitcoin (BTC) and NEM blockchain project’s native token, XEM. … Read More

Bank Negara Malaysia Releases Updated Exposure Draft for Digital Banks, Proposing Simplified Regulatory Framework for Banking Challengers

Bank Negara Malaysia (BNM) has released an updated exposure draft, which covers the licensing guidelines for all-digital banks. The draft from the nation’s central bank proposes a simplified set of regulations for neobanks. Bank Negara officials noted that the simplifications intend to reduce regulatory pressure… Read More

Send this to a friend