Tagged: malaysia

February 5, 2023 @ 6:17 pm By Omar Faridi  |  

Gobi Partners, the “most interconnected” Pan-Asian venture capital (VC) firm with US$1.5 billion (RM6.5 billion) in assets under management has “onboarded four more promising Malaysian startups to its Gobi Superseed II Fund (Gobi SSII Fund).” The four firms “being onboarded are Islamic-themed streaming service Durioo+,… Read More

January 24, 2023 @ 10:20 pm By Omar Faridi  |  

Touch ‘n Go Group, via the Touch ‘n Go eWallet, has formed a strategic partnership with Visa, the world’s leader in digital payments, in order “to launch the first corporate social responsibility (CSR)-linked Visa prepaid card in Malaysia.” The design of the new Visa card… Read More

January 23, 2023 @ 10:42 pm By Omar Faridi  |  

CIMB Bank Berhad and CIMB Islamic Bank Berhad announced that it has introduced a self-service ‘Lock Clicks ID’ feature which acts as a ‘kill switch’ for both its CIMB Clicks App and CIMB OCTO App “effective 16 January 2023.” The new feature will enable customers… Read More

January 8, 2023 @ 5:57 pm By Omar Faridi  |  

Malaysia-based payments network and infrastructure provider PayNet has recently appointed Gary Yeoh as the firm’s new Chief Commercial Officer. The appointment to oversee PayNet’s commercial operations comes after quite a notable year for Yeoh, who is reportedly a veteran of the Malaysian payments sector and… Read More

January 6, 2023 @ 7:27 pm By Omar Faridi  |  

Maybank announced that it is offering Flood Relief Assistance to individual, SME and other non-retail customers “affected by floods arising from heavy rainfall recently.” The relief assistance is “aimed at easing the financial burden of Maybank customers impacted by the floods.” The Flood Relief Assistance… Read More

January 3, 2023 @ 7:34 am By Omar Faridi  |  

BNY Mellon (NYSE: BK) announced it has been selected by the Employees Provident Fund Board of Malaysia (EPF) to deliver a transformational investment accounting project. In addition to custody solutions BNY Mellon provides for the EPF, this broader remit aims to deliver “a solution for… Read More

December 11, 2022 @ 9:58 pm By Omar Faridi  |  

Boost, which claims to be the leading regional full-spectrum fintech arm of Axiata, and Payments Network Malaysia (PayNet), the national retail payments network infrastructure announced that Boost merchants in Malaysia can now “accept cross-border payments from Thailand tourists via its DuitNow QR.” This new feature… Read More

December 5, 2022 @ 11:15 pm By Omar Faridi  |  

2C2P, a global payments platform and merchant commerce omnichannel platform Pine Labs have partnered to expand Buy Now Pay Later (BNPL) “across Asia in six key markets, namely Singapore, Malaysia, Hong Kong, Indonesia, the Philippines and Thailand.” Unlike other BNPL offerings, Pine Labs claims that… Read More

November 19, 2022 @ 9:39 pm By Omar Faridi  |  

Bank Indonesia (BI), Bank Negara Malaysia (BNM), Bangko Sentral ng Pilipinas (BSP), Monetary Authority of Singapore (MAS), and Bank of Thailand (BOT) have agreed “to strengthen and enhance cooperation on payment connectivity to support faster, cheaper, more transparent, and more inclusive cross-border payments.” A Memorandum… Read More

November 7, 2022 @ 7:26 am By Omar Faridi  |  

Bursa Malaysia Berhad and the London Stock Exchange Group (LSEG) signed a Memorandum of Understanding (MoU), in order “to expand the ESG collaboration between the two exchanges as well as explore new areas of opportunity.” Under the MoU terms, Bursa Malaysia and FTSE Russell, LSEG’s… Read More

November 1, 2022 @ 2:17 pm By Omar Faridi  |  

Kenanga Investment Bank Berhad has entered into an agreement with AntChain Technology Pte. Ltd., part of the Ant Group, “to build Malaysia’s first wealth SuperApp using AntChain’s proprietary mobile platform solution.” This agreement “follows from its recent MoU with AntChain.” Kenanga’s SuperApp aims “to help Malaysians… Read More

October 20, 2022 @ 3:27 pm By Omar Faridi  |  

UOB (SGX: U11) recently announced the launch of the UOB Sustainability Compass at the Gateway to ASEAN Conference. The Sustainability Compass is a tool that “provides a step-by-step guide for small and medium-sized enterprises (SMEs) to overcome their inertia and kickstart their sustainability journeys.” As… Read More

October 2, 2022 @ 10:55 pm By Omar Faridi  |  

Maybank will fully migrate to a more secured authentication method via Secure2u by June 2023 for online activities or transactions “relating to account opening, fund transfers and payments as well as changes to personal information and account settings.” This is in line with Bank Negara’s… Read More

September 26, 2022 @ 9:39 pm By Omar Faridi  |  

CIMB Group Holdings Berhad strengthened its sustainability commitment by doubling its sustainable finance target to RM60 billion by 2024 “under the Group’s Green, Social, Sustainable Impact Products and Services (GSSIPS) Framework.” The increased target was announced during the opening of CIMB’s flagship The Cooler Earth… Read More

September 26, 2022 @ 7:37 pm By Omar Faridi  |  

Pan-Asian venture capital firm Gobi Partners announced the closing of its $10 million Gobi SuperSeed II (Gobi SSII) Fund “following the participation of Allianz Malaysia Berhad (Allianz Malaysia) as a Limited Partner (LP).” Other LPs backing the Gobi SSII Fund “are institutional investors Malaysia Venture… Read More

September 20, 2022 @ 10:37 pm By Omar Faridi  |  

UOB Malaysia is teaming up with Syarikat Jaminan Pembiayaan Perniagaan Malaysia (SJPP) in order to introduce the U-Green Financing program, which will aim to support SMEs in prioritizing sustainability. The banking institution has reportedly allocated RM 1 billion for this initiative, and SJPP will be… Read More

September 6, 2022 @ 10:35 pm By Omar Faridi  |  

Versa Asia, a Malaysia-based digital cash management platform, recently revealed that they have finalized an “8-figure” investment round. Details of the funding have not been shared publicly. This latest investment round has reportedly been led by Hibiscus Fund, a VC fund that is being managed… Read More

September 6, 2022 @ 9:57 pm By Omar Faridi  |  

Maybank has designed its own Sustainable Product Framework (SPF) – the “first” by a Malaysian bank – “to enable greater development of green, social and sustainable products.” The framework, which will support the Group’s commitment of ‘Mobilizing RM50 billion in Sustainable Finance by 2025’, will… Read More

August 14, 2022 @ 2:05 pm By Omar Faridi  |  

Google Cloud recently revealed that it intends to expand to Malaysia in order to address rising demand for Cloud services in the Asia Pacific region. Other areas that Google Cloud is considering reportedly include Thailand, New Zealand, Germany, Saudi Arabia, Qatar, Mexico, Israel, and Turin…. Read More

August 8, 2022 @ 9:09 pm By Omar Faridi  |  

The Malaysian card payments market is “set to record a robust growth of 15.2% in 2022, supported by the gradual rise in consumer spending, government’s financial inclusion measures, and increasing preference for contactless payments,” forecasts GlobalData, a data and analytics company. According to GlobalData’s Payment… Read More