Malaysia

Malaysia’s Fintech Sandbox Partcipant MoneyMatch Launches Transfer Portal

MoneyMatch Sdn Bhd, a home-grown company approved by Bank Negara Malaysia, launched its “Transfer” portal, a fully digital cross border remittance service offering exchange rates and fees far cheaper than incumbent banks. The Transfer portal allows users to conduct their

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WorldKoins-Air Asia Partnership: Aims To Get Rid of Leftover Foreign Currency

WorldKoins is a mobile app operated by Appykoins Sdn. Bhd, which allows leftover currency to be converted to eGift cards and vouchers, which can be used to shop online from mobile phones. WorldKoins is working in collaboration with AirAsia to

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Malaysian Based Fintech Firm Jirnexu Raises US$2 Million in Pre-Series B Round

Malaysian based fintech company  Jirnexu – has raised US$2 million in a pre-Series B round. Japan-based SBI Group led the latest round, joined by existing investors Celebes and Cento Ventures. This brings Jirnexu’s total funding to US$8 million. Bringing over

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12 Hottest Fintech Startups in Malaysia

Often in conversation with industry players in Malaysia, the sentiment is that Malaysia is lacking in activity within the fintech space and the the fintech startups in Malaysia are still pretty nascent. The general impression from the market is that

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Malaysian Fintech Firm Soft Space Launches My FamiPay in Taiwan

Partnering with Cathay United Bank (CUB), Soft Space introduces an innovative way to make payments that is set to empower FamilyMart Taiwan called “My FamiPay”. The application integrates and binds debit/prepaid/credit cards and other various stored value cards for in-store

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Malaysia Fintech Awards 2018 Opens for Nomination

Today marks the soft launch of the first Malaysia Fintech Awards 2018 which was officiated by Tan Sri Dr. Halim Shafie, Chairman, Malaysian Communications And Multimedia Commission and supported by Malaysia’s Prime Minister YB’ Dato’ Sri Mohd Najib Bin Tun Haji

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BNM Approves Sarawak Pay: Sarawak to Roll Out Payments System

Approval from Bank Negara Malaysia for Sarawak Pay was obtained last week , further to the approval the Sarawak Government would see the system implemented at state government departments and agencies next year. The system would allow for payments for

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Maybank’s Mobile Banking Sees 91% Increase in Transaction

Maybank Berhad, Malaysia’s largest bank by assets has seen a 91% spike in transactions for its mobile banking during the first three quarters of 2017. The bank said in a statement that this trend illustrates the trend that consumers are

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Fintech Malaysia Report 2017

In the context of conversations surrounding fintech opportunities in South East Asia, Malaysia is often overlooked in lieu of Singapore. While it is true that the environment in Singapore is conducive for fintech to flourish, one should not dismiss Malaysia

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Bank Negara Malaysia: Islamic Fintech Needs to Be a Boardroom Priority for Islamic Finance

In his opening speech at the Islamic Fintech Forum Dialogue, Assistant Governor of Bank Negara Malaysia Mr. Marzunisham Omar called the Islamic Finance industry to take a more active role in fintech. According to the Assistant Governor, digital-banking consumers stand at

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