Tagged: malaysia

July 6, 2020 @ 8:13 am By Samantha Hurst  |  

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

July 2, 2020 @ 8:20 pm By Omar Faridi  |  

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

June 25, 2020 @ 10:44 pm By Omar Faridi  |  

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

June 21, 2020 @ 6:28 pm By Omar Faridi  |  

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

June 21, 2020 @ 5:26 pm By Omar Faridi  |  

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

June 18, 2020 @ 11:15 am By JD Alois  |  

  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

June 11, 2020 @ 11:06 pm By Omar Faridi  |  

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

May 31, 2020 @ 10:24 pm By Omar Faridi  |  

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

May 18, 2020 @ 9:31 pm By Omar Faridi  |  

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

May 18, 2020 @ 9:01 am By Omar Faridi  |  

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

April 29, 2020 @ 8:43 pm By Omar Faridi  |  

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

April 25, 2020 @ 2:47 pm By Omar Faridi  |  

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

April 20, 2020 @ 2:40 pm By Omar Faridi  |  

  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

April 3, 2020 @ 8:55 pm By JD Alois  |  

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

March 23, 2020 @ 10:11 pm By Omar Faridi  |  

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

March 18, 2020 @ 7:56 am By Omar Faridi  |  

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

March 15, 2020 @ 3:14 pm By Omar Faridi  |  

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

March 15, 2020 @ 2:17 pm By Omar Faridi  |  

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

March 12, 2020 @ 2:39 pm By Omar Faridi  |  

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

March 5, 2020 @ 10:15 pm By Omar Faridi  |  

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