New BNPL Provider Ablr Rolls Out Its Service in Malaysia with Khind
May21

New BNPL Provider Ablr Rolls Out Its Service in Malaysia with Khind

 Ablr is now officially available in Malaysia to bring consumers a seamless Buy Now Pay Later (BNPL) solution with payment plans of the greatest flexibility in market to date, enabling Malaysians access to essential purchases that can be paid off over time. Its debut serves to financially assist Malaysians over a wide range of needs, encouraging better monetary management through flexible payments for important purchases. As a...

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Kaspersky Found One Third of Seniors Gets Anxious When Paying Online
May05

Kaspersky Found One Third of Seniors Gets Anxious When Paying Online

 Digital payment has emerged to be the leading choice for many consumers in Southeast Asia (SEA) when it comes to conducting their online financial transactions. A recent Kaspersky research showed that digital considerations about cybersecurity and payments factor heavily into a consumer’s purchasing behavior in the region. Titled “Mapping a secure path for the future of digital payments in APAC”, the study discovered that one in...

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BNM Announces Five Successful Applicants of Digital Bank License
Apr29

BNM Announces Five Successful Applicants of Digital Bank License

 Bank Negara Malaysia (BNM) today announced the five successful applicants for the digital bank licences. The successful applicants are: a consortium of Boost Holdings Sdn. Bhd. and RHB Bank Berhad; a consortium led by GXS Bank Pte. Ltd. and Kuok Brothers Sdn. Bhd; a consortium led by Sea Limited and YTL Digital Capital Sdn Bhd. a consortium of AEON Financial Service Co., Ltd., AEON Credit Service (M) Berhad and MoneyLion Inc.;...

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MasterCard Introduces New Tool to Improve Online Experience and Prevent Digital Fraud
Apr25

MasterCard Introduces New Tool to Improve Online Experience and Prevent Digital Fraud

 Mastercard has announced the launch of an enhanced identity solution designed to improve the online shopping experience and tackle digital fraud in a new collaboration with Microsoft Corp. With its enhanced Digital Transaction Insights solution, MasterCard is able to provide financial institutions with the additional intelligence needed to optimize their authorization decisions and approve more genuine transactions. Digital...

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How Does BNPL Success in 5 Steps
Apr20

How Does BNPL Success in 5 Steps

 Deloitte and cloud banking platform Mambu have identified the five steps merchants and fintechs need to embrace in building a successful Buy Now Pay Later (BNPL) offering. This is part of a new report exploring the implications of the fast-growing sector for banks and retailers. The ‘Deloitte and Mambu Guide to BNPL’ identifies five core building blocks for businesses looking to develop a BNPL solution in an increasingly...

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SMBs Should Go For Digital Payments, More Than 1 In 2 Of SEA Users Say
Apr18

SMBs Should Go For Digital Payments, More Than 1 In 2 Of SEA Users Say

 More than half of e-finance users (67%) in Southeast Asia (SEA) believe that small and medium businesses (SMBs) should begin using digital payments for financial transactions. This is one of the findings of a study on 1,618 people conducted by cybersecurity company Kaspersky in a bid to identify the attitude and challenges of digital payment users in the region. Among the countries in SEA, consumers in Malaysia (72%) strongly...

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JurisTech and Mambu Partner to Drive Innovation in Malaysia’s Digital Banking Ecosystem
Apr06

JurisTech and Mambu Partner to Drive Innovation in Malaysia’s Digital Banking Ecosystem

 Innovative Malaysian fintech JurisTech has today announced a partnership with Mambu, the market leading cloud-native core banking platform, with the partnership formed to propel the growth of the digital banking ecosystem in Malaysia. This new collaboration will act as a catalyst for further expansion of the industry, with the result being greater support for both unbanked and underserved markets in Malaysia, and a boost to...

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Kaspersky: Nearly 3 In 4 In SEA Encountered At Least One Cyberthreat Against Digital Payment Methods
Apr06

Kaspersky: Nearly 3 In 4 In SEA Encountered At Least One Cyberthreat Against Digital Payment Methods

 A recent Kaspersky research showed a positive correlation between the adoption of digital payment methods and the awareness of the risks and threats that are associated with them in Southeast Asia (SEA). Titled “Mapping a secure path for the future of digital payments in APAC”, the study discovered that nearly all respondents in SEA (97%) were aware of at least one type of threat against e-payment platforms, while almost three...

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Axaipay Teams Up with Knight Capital To Help SMEs in Malaysia
Mar18

Axaipay Teams Up with Knight Capital To Help SMEs in Malaysia

 Local payment service provider Axaipay has announced its partnership with Knight Capital, a licensed lending institution under the Housing and Local Government Ministry (KPKT) yesterday. The collaboration aims to leverage big data analytic to identify potential good businesses that needs additional financial support for business expansion and then work out financial packages that fit their needs. 18 March...

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BNM Appoints Suhaimi Ali As Assistant Governor
Mar18

BNM Appoints Suhaimi Ali As Assistant Governor

 Bank Negara Malaysia (BNM) has announced the appointment of Suhaimi Ali as Assistant Governor effective 1 April 2022 and will responsible for  the Financial Development and Innovation, Islamic Finance, as well as Financial Inclusion departments. BNM has also announced the retirement of Assistant Governor Norzila Abdul Aziz on 1 April 2022. After her departure, the Assistant Governor Encik Adnan Zaylani Mohamad Zahid will...

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