Singapore DPM Gan Kim Yong Named Honorary Co-Chair of Bloomberg New Economy Advisory Board
Singapore’s Deputy Prime Minister Gan Kim Yong has been appointed Honorary Co-Chair of the Bloomberg New Economy Advisory Board, ahead of the New Economy Forum returning to Singapore for its fifth year in November 2025. His appointment underscores Singapore’s central role in shaping global economic resilience amid increasing geopolitical and economic uncertainty. SINGAPORE, 7 AUGUST 2025 – Singapore’s Deputy Prime Minister and...
Visa Launches Global Cybersecurity Advisory Practice to Help Businesses Tackle Evolving Threats
Visa has launched a new Cybersecurity Advisory Practice to help clients of all sizes combat emerging digital threats with actionable insights and expert guidance. The move reinforces Visa’s $12 billion investment in technology and signals a broader strategy to position cybersecurity as a driver of business growth. MALAYSIA, 7 AUGUST 2025 – Visa, a global leader in digital payments, has announced the launch of its global...
MyFW 2025 Highlights Innovation, Sustainability and Resilience in Finance
MyFW 2025 gathers regional leaders to address the future of finance through digital innovation, sustainability, and inclusive growth. The event sets the stage for transformative conversations on AI, blockchain, financial resilience, and regulatory clarity. MALAYSIA, 6 AUGUST 2025 – MyFW 2025, Malaysia’s premier financial sector event, kicked off this week, spotlighting the transformative forces of digitalisation, sustainability,...
AEON Bank and foodpanda Malaysia Join Forces to Empower Gig Economy and Boost Digital Banking Adoption
AEON Bank (M) Berhad, Malaysia’s first Islamic digital bank, has partnered with foodpanda Malaysia to drive digital banking among riders, merchants, and customers through innovative fintech solutions. The partnership aims to enhance financial inclusion, support gig workers, and accelerate business growth across the country’s booming food and grocery delivery ecosystem. MALAYSIA, 5 AUGUST 2025 – AEON Bank (M) Berhad, Malaysia’s...
Bank Islam Appoints Siti Nur Huda Sufian as Group Chief Financial Officer, Effective 1 August 2025
Bank Islam has announced the appointment of Siti Nur Huda Sufian as its new Group Chief Financial Officer, succeeding Azizan Abd Aziz. With close to 20 years of experience in finance and banking, Siti Nur Huda brings deep expertise and leadership to the role. MALAYSIA, 1 AUGUST 2025 – Bank Islam Malaysia Berhad (Bank Islam) has appointed Siti Nur Huda Sufian as its new Group Chief Financial Officer (GCFO), effective 1 August...
Visa Expands Stablecoin Capabilities with New Currencies, Blockchains, and Global Partnerships
Visa has expanded its stablecoin settlement platform by adding support for new USD- and EUR-backed stablecoins, as well as the Stellar and Avalanche blockchains—advancing its mission to make global digital payments more scalable, interoperable, and efficient. MALAYSIA, 1 AUGUST 2025 – Visa has taken another major leap in advancing global digital payments by expanding its stablecoin settlement capabilities. The payments giant now...
NTT DATA Launches Voice-Enabled ADAPTIS Soundbox to Accelerate Cashless Payments in Southeast Asia
NTT DATA Payment Services has launched the ADAPTIS Soundbox across Malaysia, the Philippines, and Thailand—a compact, voice-enabled payment device designed to simplify and speed up transactions for SMEs and retailers. With real-time audible alerts and multi-payment support, the Soundbox aims to enhance customer experience during peak business hours. MALAYSIA, 31 JULY 2025 – NTT DATA Payment Services today introduced the ADAPTIS...
Mastercard Unveils Global B2B Payment Innovations with Receivables Manager and Commercial Direct Payments
Mastercard has launched the global expansion of Receivables Manager and introduced Commercial Direct Payments to streamline B2B virtual card processing and reconciliation. These innovations aim to eliminate manual processes and enhance efficiency, security, and scalability for businesses worldwide. MALAYSIA, 30 JULY 2025 – Mastercard is doubling down on its commitment to modernizing B2B payments with the global rollout of...
UnionPay Enhances Payment Experience for Chinese Tourists in Malaysia with Seamless QR Access and Summer Rewards
Following the mutual visa exemption between China and Malaysia, UnionPay International has rolled out expanded payment capabilities and exclusive offers across Malaysia to deliver a smoother and more rewarding travel experience for Chinese visitors. MALAYSIA, 25 JULY 2025 – UnionPay International (UPI) is redefining the payment experience for Chinese tourists in Malaysia this summer by combining broad merchant acceptance,...
Bank Islam and Opus Asset Management Forge Strategic Alliance to Expand Shariah-Compliant Investment Access
Bank Islam Malaysia Berhad and Opus Asset Management have signed a strategic MoU to broaden access to Shariah-compliant fixed income solutions, aiming to provide clients with secure and ethical investment options. The collaboration enhances wealth management offerings while reinforcing commitments to responsible investing. MALAYSIA, 23 JULY 2025 – In a move to enhance ethical investment offerings in Malaysia, Bank Islam Malaysia...
Malaysia’s Securities Commission Partners with Durham University to Groom Next-Gen Financial Regulators
The Securities Commission Malaysia (SC) has launched the Young Regulators Development Programme (YRDP) in collaboration with Durham University, UK, to build future-ready capital market regulators across ASEAN and IOSCO member countries. The annual two-week programme begins in 2025 and aims to enhance regulatory capacity and international collaboration. MALAYSIA, 12 JULY 2025 – The Securities Commission Malaysia (SC) has...
Curlec Partners with ShopBack Pay to Boost Conversions and Customer Loyalty in Malaysia
Curlec by Razorpay has partnered with ShopBack Pay to offer Malaysian businesses a powerful new way to drive conversions through cashback, promotions, and seamless digital payments. The collaboration gives merchants access to over 6 million value-conscious users, enhancing both reach and checkout experience. MALAYSIA, 10 JULY 2025 – As 61% of Asian consumers become increasingly conscious of their spending amidst rising living...
Bank Islam Lowers Financing Rates Following OPR Cut to Support Economic Resilience
Bank Islam Malaysia Berhad has announced a 25-basis-point reduction in its SBR, BR, and BFR, aligning with Bank Negara Malaysia’s latest Overnight Policy Rate (OPR) cut. The move is expected to provide financial relief to borrowers and boost financial inclusion through the bank’s digital platforms. MALAYSIA, 10 JULY 2025 – Bank Islam Malaysia Berhad (Bank Islam) has announced the revision of its Standardised Base Rate (SBR),...
Lotus’s and PayNet Celebrate Over RM470,000 in Prizes as MyDebit Syiokkk Raya Contest Wraps Up
Lotus’s Malaysia and PayNet concluded the MyDebit Syiokkk Raya contest with over 2,600 winners and RM470,000 worth of prizes, including two Proton S70 Premium cars. The campaign successfully boosted cashless adoption, with digital payments surpassing 60% across Lotus’s stores. MALAYSIA, 4 JULY 2025 – Lotuss Stores (Malaysia) Sdn. Bhd. (Lotus’s Malaysia) and Payments Network Malaysia Sdn Bhd (PayNet) have successfully concluded...
Bank Islam Warns Public of Rising Scam Tactics Impersonating Al-Awfar and BIMB Mobile App
Bank Islam Malaysia Berhad urges the public to be vigilant against fraudulent messages and fake platforms impersonating its Al-Awfar campaign and mobile banking services. The Bank reiterates that all official communication and transactions must only be conducted through its verified channels. MALAYSIA, 19 JUNE 2025 – Bank Islam Malaysia Berhad (Bank Islam) has issued a public advisory warning against the rise in scam attempts...
Axaipay to Spotlight Malaysia’s Fintech Strength at UK-Malaysia Digital Gateway in London
Axaipay has been selected to represent Malaysia at the UK-Malaysia Digital Gateway in London, showcasing its digital payment solutions to global stakeholders. The event underscores Axaipay’s role in driving cross-border fintech innovation across ASEAN and beyond. MALAYSIA, 8 JUNE 2025 – Axaipay, one of Malaysia’s leading fintech innovators, will be among the selected tech companies representing Malaysia at the UK-Malaysia...
Bank Islam Launches Cashback Campaign for Cashless Travelers This Festive Season
Bank Islam has partnered with PayNet and PLUS Malaysia to launch a cashback campaign rewarding cashless debit card users at highway R&Rs during the festive season. The initiative promotes digital payments and supports Malaysia’s shift toward a cashless economy. MALAYSIA, 23 MAY 2025 – Bank Islam Malaysia Berhad, in collaboration with Payments Network Malaysia Sdn Bhd (PayNet) and PLUS Malaysia Berhad (PLUS), has unveiled the...
PayPal Launches Complete Payments in Singapore to Power Global Business Growth
PayPal has launched its full-stack Complete Payments solution for businesses in Singapore, enabling seamless cross-border transactions, rapid settlements, and enhanced fraud protection—all with a single integration. The offering is tailored to boost global reach, customer conversion, and operational efficiency. SINGAPORE, 15 MAY 2025 – PayPal has officially launched its Complete Payments solution in Singapore, providing local...
Checkout.com Launches Digital Economy Trust Index, Linking Digital Confidence to Economic Growth
Checkout.com has introduced the inaugural Digital Economy Trust Index, ranking 16 countries based on consumer trust in digital platforms. The Index reveals a strong correlation between digital trust and GDP growth, highlighting the economic impact of consumer confidence in security, transparency, and emerging technologies. MALAYSIA, 14 MAY 2025 – Checkout.com, a global leader in digital payments, has released the first Digital...
Malaysian Fintech MADCash Wins Top Ethical Finance Award in Dubai
Malaysian fintech MADCash has secured first place at the 7th Ethical Finance Innovation Challenge and Awards (EFICA) in Dubai, winning AED 300,000 for its groundbreaking zero-interest microloan program for women entrepreneurs. The victory marks global recognition for Malaysia’s role in ethical fintech and financial inclusion. MALAYSIA, 13 MAY 2025 – MADCash Sdn. Bhd., a pioneering Malaysian fintech firm, was named the...
