TrueMoney, a fintech subsidiary of Ascend Money, has been launched in Malaysia. With a focus on providing a seamless payment solution in the digital age, the platform is now the official payment provider for all of Lotus’s locations across the country. Founded in 2003, TrueMoney operates in six countries and...
Fintech company, Xendit has officially entered the Malaysian market, offering up its diverse range of hyperlocal payment solutions to businesses in the country from SMEs and start-ups to giant corporations alike. The Malaysian market entry follows the announcement in 2021 of investment in Xendit by Penjana Kapital through the Dana...
Fave, Southeast Asia's smart payments app, has announced its partnership with TNG Digital Sdn Bhd, the owner and operator of Touch ‘n Go eWallet, and the launch of the Fave Loyalty Programme within Touch ‘n Go eWallet. Through the partnership, Touch ‘n Go eWallet users can now scan any Fave...
The Securities Commission Malaysia (SC) has issued the revised Guidelines on Credit Rating Agencies (CRA Guidelines), which amongst others, enhance and strengthen the role, independence, and objectivity of credit rating agencies (CRAs) in providing credible credit rating opinions. The enhancement is part of the SC’s continuous efforts to inculcate and...
Singapore-listed Silverlake Axis Ltd (SAL), an enterprise technology, software and services company, has announced its agreement with Siam Commercial Bank (SCB) - one of Thailand’s top five banks with a total asset value of THB3.18 trillion  - to power SCB’s innovative strategy of building new propositions outside of the...
CIMB Bank Bhd and CIMB Islamic Bank Bhd continue to strengthen the security of their digital banking platforms with the rollout of new security measures for the CIMB Clicks and CIMB OCTO Apps. The new enhancements include compulsory SecureTAC authorisation via the CIMB Clicks App for transactions of RM100 and...
FWD Group Holdings Ltd has launched TIM Ventures, a RM45 million venture capital fund in collaboration with Artem Ventures, a Malaysia-based venture capital firm, to invest in emerging start-ups in the insurtech and Islamic fintech space in Malaysia. SMEs are a critical component of the Malaysian economy, contributing more than...
Razer Merchant Services (RMS), the B2B arm of Razer Fintech, said it has attained the Mastercard Direct Acquiring license, Mastercard Digital Enablement Service (MDES), and Click to Pay (C2P) feature in Malaysia. This enables RMS’ merchants to seamlessly connect to Mastercard products and solutions. Mastercard’s payment solutions will be accessible...
The stress of paying for a house seems to be rising in tandem with home loan interest rates, a financial survey has found. However, mortgage foreclosures are rare in Singapore, and banks have assured that they would do their best to support those facing financial difficulties in a challenging economic...
Zerobank Design Factory Co.,Ltd. (ZDF), a subsidiary of Fukuoka Financial Group, will begin offering a full-cloud banking system. The fintech firm said in a statement that the system is based on the core system that ZDF and Accenture developed for Minna Bank. ZDF will provide this system to domestic and...
CIMB Bank Bhd and CIMB Islamic Bank Bhd have entered into a partnership with ModulEight Technologies Sdn Bhd to onboard MESINKIRA, an integrated mobile business management solution to support the growth and digitalisation for MSMEs. The bank said in a statement that the latest addition complements its holistic suite of...
CIMB Bank Bhd has become one of the first Malaysian banks to introduce Google Wallet, in line with Google’s announcement on the introduction of Google Wallet in the country. The bank said in a statement that from 15 November 2022, its customers in Malaysia can add any CIMB Bank Mastercard...

Follow Us

174,876FansLike
810FollowersFollow