Malaysia
Behind The Scenes: Securities Commission Malaysia’s Blockchain Project
In November 2017, Securities Commission Malaysia announced that it will be embarking on a blockchain pilot project for the OTC markets. OTC is short for “over-the-counter” which are typically reserved for companies do not meet the listing requirements. It is
Read MoreE-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
Read MoreMalaysian 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
Read MoreBank 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
Read MoreThe 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
Read MoreICOs 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
Read MoreGoBear 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
Read MoreMalaysia’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
Read MoreSingaporean 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
Read MoreMax Money’s Revolutionary new Service will Change Remittance as we know it
Max Money has launched its MaxTerminal service which allows customers to remit money abroad using only their debit cards at selected retail outlets.This makes MaxMoney the first money service business provider in Malaysia to introduce a hybrid Online to Offline
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