Posts From Vincent Fong

E-Money License Granted: Grab Malaysia “Grabs” a Piece of the Payments Pie

Southeast Asia’s leading ride-hailing app Grab has obtained regulatory approval from Bank Negara Malaysia to launch its mobile payment service in Malaysia following it’s earlier approval from the Singaporean authorities. This move is mirrored by it’s Indonesian counterpart Go-Jek who

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Malaysian Insurtech Company, Fatberry Launches

Malaysia’s insurtech company, FatBerry.com launched a digital marketplace for insurance providing Malaysians with a way to get insured in two minutes. In conjunction with the launch, FatBerry.com also announced its partnership with Tune Protect Malaysia, the an online retail portal

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Bank Negara Malaysia Releases e-KYC Guidelines

Following the announcement by Deputy Governor Jessica Chew earlier this September, Bank Negara Malaysia has officially released the e-KYC guidelines which sets out the minimum requirements and standards that an approved remittance service provider must observe in implementing e-KYC. The guideline

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The State of Equity Crowdfunding Malaysia

Equity crowdfunding is a mechanism that enables the general public to invest in typically early stage businesses. In return for the investment the investors are typically given a small piece of equity in return (think Kickstarter but instead of rewards

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ICOs in Malaysia: An Overview

ICOs are becoming all the rage these days, with startups from around the globe adopting it as a method of fundraising. In Asia this is especially true for Singapore who recently emerged as the third largest ICO hub in the world and

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GoBear Malaysia Appoints New Country Director

GoBear, a financial comparison website based in Asia, has appointed Pooi Chan Gan as the Country Director for Malaysia who has taken over the reins from Iskandar Ezzahuddin following his departure in November 2017. According to the company, GoBear has

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Malaysia’s Wallet Wars Rages On: WeChat Pay Secures First Banking Partner

Following Tencent’s recent success in securing E-Money license from Bank Negara Malaysia, the company’s payments arm WeChat Pay has received the green light from Bank Negara Malaysia to partner up with Hong Leong Bank. Similar to Alipay’s game plan, WeChat

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Singaporean Fintech Firm, InstaReM Expands Remittance Services to Malaysia

  InstaReM secured approval under theMoney Services Licensed Business from Bank Negara Malaysia, it is eyeing aggressive expansion following its recent Series B Funding.   Headquartered in Singapore, InstaReM is a digital cross border payments company has announced its expansion

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Malaysia: Chinese Giant’s Battleground for Digital Wallets, Who Will Win?

Geopolitical pressures to out-compete the Americans have driven China to exert its influence in South East Asia. Chief among the beneficiary of this exercise is Malaysia. While many of these government to government initiatives are largely focused on infrastructure projects,

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Fintech Singapore Vs Fintech Malaysia Infographic

It’s no secret that besides sharing a common history, Singapore and Malaysia has always shared a sense of rivalry with each other. The fact that both countries are actively vying for a piece of the fintech pie and their geographical

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