Malaysia

Top 10 Fintech (Startups) in Malaysia

Striving to establish itself as a prominent fintech player, Malaysia has committed to provide clear guidance and regulation to the new, innovative products and business models entering the financial services industry. In October, Bank Negara Malaysia (BNM), the country’s central

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Maybank Samsung Pay sees 100% contactless payments rise

Contactless payments introduced to Malaysia as Maybank launch their Samsung Pay boosting the number of customers whilst at the same time reducing its cardholders by 100% by the end of 2017 This follows the success of the Maybank Pay launch

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Maybank Launches the First Mobile Money Transfer Service in Malaysia with Western Union

Maybank and Western Union announced the launch of the first digital remittance service in Malaysia via its Maybank2u (“M2u”) mobile banking App. Maybank Mobile App M2u The mobile App service enables Maybank customers to transfer money to more than 500,000

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Asia’s Own Lemonade: Neosurance & KLCC Runners Group Partner To Offer The First “Push” Micro Insurance To Malaysian Runners

Neosurance  and KLCC Runners Group have signed a Memorandum of Understanding for the distribution of microinsurance to KLCC Runners Group growing community members. The microinsurance product will be provided ad hoc by a leading reinsurer and insurer who will be

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Malaysia Startup Want to Improve Road Safety

“I always been passionate of improving road safety and we were thrust into action by the tragic death of a schoolmate earlier this year. My friend and his brother were killed in a road accident, and I still remember how

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Alibaba Founder Appointed As Malaysia’s Digital Economy Advisor Amid Digital Free Trade Zone Initiative

Jack Ma, the founder and executive chairman of Alibaba Group, has been appointed as Malaysia’s digital economy advisor as the government looks to boost the country’s e-commerce and Internet sector, and create new opportunities for Malaysia. Prime minister Datuk Seri

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Malaysia: 6 Liscences for Peer-to-Peer Financing Operators

Securities Commission Malaysia (SC) introduced six registered Peer-to-Peer (P2P) financing platform operators in Malaysia to widen funding avenues for small and medium enterprises (SMEs). The six registered operators are B2B FinPAL, Ethis Kapital, FundedByMe Malaysia, ManagePay Services, Modalku Ventures and

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EthisKapital.com – World’s First Licensed Islamic P2P/Crowdfunding Platform

Securities Commission Malaysia has awarded 6 P2P licenses, one of which is the world’s first license for Shari’ah-compliant P2P. This license was awarded to EthisKapital.com, which will be focused on funding small businesses, and real estate development projects. The team

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Industry Stakeholders Team Up To Boost Malaysia’s Fintech Sector

A new association has been formed earlier this month in Malaysia to represent the fintech scene and push the country into becoming a leading hub. This followed a set of initiatives that have been launched in Malaysia in recent months

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Fintech Regulatory Sandbox Framework for Malaysia

Bank Negara Malaysia today issued details of Fintech Regulatory Sandbox Framework following a one month consultation on the proposed Framework which was released on 29 July 2016. The regulatory sandbox will enable the experimentation of fintech solution in a live environment,

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