AEON Credit Service to Invest RM175 Million in Digital Islamic Banking Sector
Jul14

AEON Credit Service to Invest RM175 Million in Digital Islamic Banking Sector

AEON Credit Service plans to invest RM175 million to establish its presence in the digital Islamic banking sector through a joint venture with AEON Financial Service. This strategic move aims to offer a comprehensive range of financial products and services to underserved market segments, driving financial inclusion and capitalizing on the growing demand for digital Islamic banking services in Malaysia. 14 July 2023 – AEON...

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Singapore’s Digital Banks Advocate Deposit Cap Removal to Foster Growth and Competition
Jul14

Singapore’s Digital Banks Advocate Deposit Cap Removal to Foster Growth and Competition

Singapore’s digital banks, backed by Grab Holdings and Sea Ltd., are pressing the Monetary Authority of Singapore to remove the deposit cap hindering their growth and lending abilities. With profitability targets to meet, these banks seek to scale and compete with traditional banks while assuring consumer protection and long-term viability. 14 July 2023 – Singapore’s digital banks, backed by industry giants Grab...

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Curlec by Razorpay Sets Sights on RM10 Billion GTV as It Transitions into Comprehensive Payment Gateway, Riding Malaysia’s Digital Economy Wave
Jul13

Curlec by Razorpay Sets Sights on RM10 Billion GTV as It Transitions into Comprehensive Payment Gateway, Riding Malaysia’s Digital Economy Wave

Curlec by Razorpay, the result of the acquisition of Curlec Sdn Bhd by Indian fintech unicorn Razorpay, aims to achieve RM10 billion in annualized gross transaction value (GTV) in Malaysia by 2025. Leveraging the country’s burgeoning digital economy, Curlec by Razorpay will transition into a comprehensive payment gateway, serving over 5,000 businesses and providing advanced payment solutions. 13 July 2023 – Curlec Sdn Bhd,...

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Standard Chartered Forecasts Bitcoin to Reach US$50,000 in 2023 and US$120,000 by 2024, Citing Miner Behavior and Reduced Supply
Jul10

Standard Chartered Forecasts Bitcoin to Reach US$50,000 in 2023 and US$120,000 by 2024, Citing Miner Behavior and Reduced Supply

Standard Chartered has predicted that the value of Bitcoin could reach US$50,000 this year and US$120,000 by the end of 2024. The recent surge in Bitcoin’s price is expected to incentivize miners to hoard more of the supply, leading to a reduced net supply and potential price increases. LONDON, 10 July 2023 – Standard Chartered (STAN.L), a leading financial institution, has forecasted that the value of the top...

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GHL Systems Berhad and Arab Financial Services Collaborate to Revolutionize Payment Solutions in Thailand
Jul10

GHL Systems Berhad and Arab Financial Services Collaborate to Revolutionize Payment Solutions in Thailand

Leading payment solutions provider GHL Systems Berhad (GHL) has formed a strategic partnership with Arab Financial Services (AFS), a prominent digital payment solutions provider, to process merchant transactions in Thailand. The collaboration will enable GHL to leverage AFS’s expertise in payments technology and value-added services, resulting in enhanced efficiency, security, and user experiences for GHL’s merchants....

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BNM Holds Overnight Policy Rate Amidst Global Economic Dynamics and Resilient Domestic Growth
Jul06

BNM Holds Overnight Policy Rate Amidst Global Economic Dynamics and Resilient Domestic Growth

The Monetary Policy Committee (MPC) of Bank Negara Malaysia has decided to maintain the Overnight Policy Rate (OPR) at 3.00 percent. The global economy continues to expand, but faces persistent core inflation and higher interest rates, while Malaysia’s growth is driven by resilient domestic demand. Headline and core inflation are projected to trend lower, and the monetary policy stance remains supportive of sustainable economic...

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Standard Chartered Singapore and Atome Celebrate Successful Partnership with 100,000 Transactions and Expansion Plans
Jul06

Standard Chartered Singapore and Atome Celebrate Successful Partnership with 100,000 Transactions and Expansion Plans

Standard Chartered Singapore and Atome, the buy now pay later platform, celebrate the achievement of 100,000 transactions under their Lender of Record partnership. The successful collaboration has demonstrated strong customer growth and will now expand to Malaysia after its successful rollout in Singapore and Indonesia. SINGAPORE, 6 July 2023 – Standard Chartered Singapore and Atome, the buy now pay later platform, are pleased...

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Visa Study Reveals Growing Adoption of Contactless Payments, Paving the Way to a Cashless Malaysia
Jul05

Visa Study Reveals Growing Adoption of Contactless Payments, Paving the Way to a Cashless Malaysia

According to the 2022 Visa Consumer Payment Attitudes (CPA) Study, seven out of ten Malaysian consumers are actively using contactless card payments, highlighting their increasing adoption of cashless transactions. The study also reveals that more than 90 percent of Malaysians are familiar with contactless payments, with supermarkets, retail stores, and restaurants being the preferred categories for contactless payments. This shift...

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Digital Payment Market Set to Soar, Estimated to Reach USD 510.30 Billion by 2032, According to The Brainy Insights
Jul04

Digital Payment Market Set to Soar, Estimated to Reach USD 510.30 Billion by 2032, According to The Brainy Insights

The global digital payment market is expected to reach USD 510.30 billion (MYR 2,374 billion) by 2032, driven by the rising adoption of cashless transactions, cost savings, and enhanced security. The Asia-Pacific region is poised for the highest growth rate, fueled by government initiatives and the popularity of mobile payment services. he global digital payment market is poised for significant growth, with The Brainy Insights...

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Kaspersky Highlights Crypto Phishing Trends in Southeast Asia: Urges Vigilance in Safeguarding Digital Assets
Jul04

Kaspersky Highlights Crypto Phishing Trends in Southeast Asia: Urges Vigilance in Safeguarding Digital Assets

Kaspersky’s latest report reveals a decrease in cryptocurrency phishing attempts in Southeast Asia (SEA) in 2022, except in the Philippines, Indonesia, and Malaysia, where such attacks are on the rise. With SEA responsible for 14% of global cryptocurrency transactions and predicted to lead mass adoption, Kaspersky highlights the importance of users being informed about the latest phishing techniques to secure their assets. KUALA...

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