Tagged: malaysia

October 1, 2021 @ 3:21 pm By Omar Faridi  |  

Malaysia-headquartered Insurtech company PolicyStreet.com reveals that it has finalized a RM 25 million (appr. $6 million) Series A round over two separate tranches. The Insurtech firm’s recent investment round has been led by Altara Ventures, Auspac Ventures, Gobi Partners, along with contributions from the Leong… Read More

September 23, 2021 @ 9:55 pm By Omar Faridi  |  

Indonesia-based payments Fintech Xendit has announced that it plans to relocate its financial hub to Malaysia. As reported by Fintech News Malaysia, the Fintech Unicorn confirmed these plans during a speech by Finance Minister, Tengku Datuk Seri Zafrul Tengku Abdul Aziz (which took place during… Read More

September 23, 2021 @ 9:49 pm By Omar Faridi  |  

UOB Malaysia has partnered with Prudential Assurance Malaysia Berhad (PAMB) in order to offer clients with a suite of insurance services via a new Virtual Face-to-Face (VF2F) feature on Pulse, which is the insurance provider’s comprehensive health and wellness app. The bank stated that it’s… Read More

September 19, 2021 @ 4:55 pm By Omar Faridi  |  

Axiata Digital’s digital wallet Boost revealed earlier this week that it has further expanded its insurance offerings with the introduction of automobile insurance, called “CarProtect,” which has been underwritten by Great Eastern General Insurance (Malaysia) Berhad. The digital wallet provider stated that CarProtect provides clients… Read More

September 13, 2021 @ 8:39 pm By Omar Faridi  |  

AXA Affin General Insurance and Malaysia’s Finology, a Fintech firm focused on supporting efficient lending and insurance for individual consumers and businesses, have teamed up to allow clients to buy or renew car and motorcycle insurance and settle road taxes via online platforms. As noted… Read More

August 30, 2021 @ 9:43 pm By Omar Faridi  |  

MX Exchange has reportedly received full approval from the Securities Commission Malaysia (SC) to serve as a Recognized Market Operator-Digital Asset Exchange (RMO-DAX) for the trading of virtual currencies in the Southeast Asian country. This makes MX Exchange only the fourth DAX to offer compliant… Read More

August 23, 2021 @ 11:11 pm By Omar Faridi  |  

Kiplepay, a wholly owned division of Green Packet, has teamed up with Visa (NYSE: V) in order to offer the Kiple Visa Prepaid Card. Through the partnership, which was first announced last year, Kiplepay and Visa have introduced the prepaid card which aims to support… Read More

August 23, 2021 @ 10:10 pm By Omar Faridi  |  

HSBC Malaysia reveals that it has introduced the DuitNow Request feature for corporates so they can improve the collection of recurring payments from their clients. This secure, real-time payment solution will aim to do away with the requirement for companies to constantly follow up with… Read More

August 22, 2021 @ 7:20 pm By Omar Faridi  |  

Malaysian Insurtech company VSure.life has reportedly acquired a RM12 million (appr. $2.83 million) investment from ACE market-listed Revenue Group via its wholly-owned subsidiary Revenue Harvest (as well as being approved by Bank Negara Malaysia’s or BNM, the nation’s central bank to take part in its… Read More

August 19, 2021 @ 7:25 pm By Omar Faridi  |  

Touch ‘n Go Group (TNG) and Principal Asset Management revealed on August 18, 2021 that they’re introducing the Principal e-Cash Fund, which is the underlying fund for Touch ‘n Go’s GO+. This product is now Shariah-compliant, the update confirmed. TNG’s management noted that this makes… Read More

August 15, 2021 @ 9:14 pm By Omar Faridi  |  

WorldRemit, a UK-based digital cross-border payments firm, recently introduced its money transfer services in Malaysia’s markets through its app and web-based platform. Clients are now able to send funds from Malaysia, in addition to 50 other nations including the United Kingdom and the US, to… Read More

August 8, 2021 @ 8:01 pm By Omar Faridi  |  

Digital banking challenger BigPay, which is one of the fastest-growing Fintechs in the ASEAN region, recently revealed that it has acquired $100 million in funding from South Korea’s conglomerate SK Group. As noted by its management: “BigPay [is] on a mission to challenge traditional banking… Read More

August 2, 2021 @ 10:47 pm By Omar Faridi  |  

Singapore-based wealth platform iFAST Corporation recently revealed that the Group’s Malaysian division, iFAST Capital, has introduced trading services in US as well as support for Hong Kong-listed securities for Malaysians. The new offerings will reportedly include stocks and exchange-traded funds (ETFs) on FSMOne, its B2C online… Read More

August 2, 2021 @ 10:27 pm By Omar Faridi  |  

CIMB Bank and CIMB Islamic Bank have introduced the CIMB OctoSavers Savings Account-i, which is the first all-digital Islamic account where the account opening and onboarding process is carried out completely online. New clients will also get the newly introduced Octo Debit Mastercard via mail… Read More

August 2, 2021 @ 9:42 pm By Omar Faridi  |  

Malaysia-based telecommunications service provider U Mobile’s standalone digital wallet GoPayz has teamed up with gold bullion trader ACE Capital Growth (ACE), which operates as a subsidiary of Ace Innovate Asia. Through their partnership, the companies are introducing  GoGold. As noted on its official website, GoPayz… Read More

July 31, 2021 @ 2:43 pm By Omar Faridi  |  

The Securities Commission Malaysia (SC) has announced new enforcement actions against digital assets firm Binance. The cryptocurrency exchange operator has been accused of illegally operating its trading platform in Malaysia. The SC has now ordered Binance to immediately disable access to its website as well… Read More

July 26, 2021 @ 10:54 pm By Omar Faridi  |  

AIA Malaysia reveals that it will be acquiring a minority stake in TNG Digital, which is the owner of Touch ‘n Go digital wallet. This deal will reportedly be a key part of a long-term strategic partnership. The Edge reported that this transaction should make… Read More

July 21, 2021 @ 10:45 pm By Omar Faridi  |  

Malaysia-based Fintech firm Jirnexu reveals that it has entered into partnership agreements with over five consortia as they apply for a virtual banking license. They stated that with Jirnexu’s client base and a solid understanding of their financial requirements via RinggitPlus.com, the digital banking license… Read More

July 21, 2021 @ 10:21 pm By Omar Faridi  |  

Southeast Asia’s Grab, the developer of a Super App, has decided to extend its partnership with Adyen (AMS: ADYEN), a leading payments platform, in order to enable merchants in Singapore and Malaysia to provide BNPL payment options. Available via the GrabPay wallet, merchants can offer… Read More

July 18, 2021 @ 11:33 am By Omar Faridi  |  

Kristo Käärmann, Co-founder and CEO of Wise (previously dba TransferWise), which aims to make money work without borders, notes that they’re building the world’s most international account. 1/ @Wise Q2 Mission Update is here. Our team is 2,600 people now. How much progress did we… Read More