Tagged: malaysia

September 20, 2023 @ 7:27 am By Michael Wong  |  

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

September 18, 2023 @ 9:47 pm By Michael Wong  |  

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

September 18, 2023 @ 7:22 am By Omar Faridi  |  

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

September 5, 2023 @ 12:40 am By Michael Wong  |  

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

September 4, 2023 @ 9:55 am By Tony Zerucha  |  

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

September 2, 2023 @ 10:10 am By Michael Wong  |  

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

August 30, 2023 @ 8:47 pm By Omar Faridi  |  

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

August 29, 2023 @ 7:22 am By Omar Faridi  |  

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

August 29, 2023 @ 1:17 am By Michael Wong  |  

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

August 28, 2023 @ 10:12 am By Omar Faridi  |  

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

August 27, 2023 @ 1:28 pm By Michael Wong  |  

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

August 26, 2023 @ 7:39 pm By Omar Faridi  |  

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

August 14, 2023 @ 8:43 pm By Omar Faridi  |  

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

August 13, 2023 @ 5:24 am By Omar Faridi  |  

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

August 11, 2023 @ 9:33 am By Omar Faridi  |  

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

August 8, 2023 @ 6:07 am By Omar Faridi  |  

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

July 30, 2023 @ 5:57 am By Omar Faridi  |  

Maybank offers a welcome to Tesla (NASDAQ:TSLA) after their recent announcement to enter the electric vehicle (EV) auto market for their Model Y in Malaysia. This also signifies the Group’s involvement “as the key EV financing partner for Tesla in the country aligned to its… Read More

July 26, 2023 @ 3:32 pm By Omar Faridi  |  

Currencycloud, which claims to be the expert team simplifying business in a multi-currency world, has partnered with Malaysia-based GAT Investment Bank in order to launch GAT Money, an app offering an alternative solution to new clients who “need a global banking solution which offers access… Read More

July 25, 2023 @ 8:41 pm By Omar Faridi  |  

TNG Digital Sdn Bhd has launched its digital remittance services, GOremit in the Touch ‘n Go eWallet, as part of its commitment to innovate and drive inclusivity across products and services. With GOremit, users can “send money securely to five Southeast Asian countries namely Indonesia,… Read More

July 17, 2023 @ 11:11 pm By Omar Faridi  |  

Razorpay says they have always believed that simplifying payments is a universal problem. Businesses across the world grapple “with the same question: how can my payments experience be simpler, faster, and more efficient?” At Razorpay, they took this challenge head-on in India, “solving for tens… Read More