MoneyGram and Mastercard Partner to Revolutionize Cross-Border Payments
MoneyGram and Mastercard have announced a strategic collaboration to enhance digital money transfers globally. Through Mastercard Move, MoneyGram customers can now send and receive funds faster, more securely, and with greater financial accessibility. SINGAPORE, 2 APRIL 2025 – MoneyGram, a leading global financial technology company, has partnered with Mastercard to enhance digital money movement both within the U.S. and across...
Mastercard Unveils Program to Accelerate Virtual Card Adoption and Transform Commercial Payments
Mastercard is introducing a new initiative to accelerate the adoption of Virtual Card Number (VCN) technology, making commercial payments more seamless and consumer-like. The program simplifies integration for banks, platform-partners, and corporate users, reducing onboarding time and improving efficiency in an $80 trillion market. MALAYSIA, 31 MARCH 2025 – Mastercard is revolutionizing commercial payments with a newly launched...
Boost for Regional Trade: Malaysia, Indonesia, and Thailand Harmonize Local Currency Transactions
Bank Negara Malaysia, Bank Indonesia, and the Bank of Thailand have launched harmonized guidelines for local currency transactions, expanding eligible transactions to include portfolio investments. This move simplifies cross-border trade and investment, promoting the use of local currencies and reducing reliance on the US dollar. 17 February 2025 – In a significant move to bolster regional economic integration, Malaysia,...
NTT DATA Enhances DuitNow QR with Cross-Border Payments, Driving Malaysia’s Cashless Tourism Growth
NTT DATA Payment Services has expanded its DuitNow QR service to support cross-border wallet payments, enabling seamless transactions for international tourists and merchants across Malaysia. This advancement has significantly boosted tourism spending and reinforces the nation’s growing cashless ecosystem. 28 November 2024 – NTT DATA Payment Services Sdn. Bhd. (formerly GHL Systems Sdn. Bhd.) has introduced cross-border wallet...
JULO Poin: Indonesia’s Digital Rewards Program Bringing Credit Card Perks to the Masses
JULO has launched JULO Poin, a rewards program that brings credit card-like benefits to digital credit users in Indonesia, encouraging responsible financial behavior and loyalty through easy, redeemable points. This program enhances JULO’s mission to democratize credit in a market with low credit card penetration. 11 November 2024 – Indonesian fintech startup JULO is making strides in financial innovation with the introduction...
Mastercard Launches Bill Qkr to Simplify and Secure Digital Bill Payments Globally
Mastercard launches Bill Qkr, an advanced global solution for seamless, secure card-based bill payments. The service addresses challenges in the bill payment industry by offering recurring payment features, tokenization, and QR code payments, helping merchants and service providers enhance customer experiences and payment efficiency. Mastercard’s strategic partners in multiple regions are already adopting the solution to expand...
Project Mandala: BIS and Central Banks Lead a Compliance-By-Design Revolution in Cross-Border Payments
Project Mandala, led by BIS and central banks from Australia, Korea, Malaysia, and Singapore, successfully demonstrates a compliance-by-design system for cross-border payments, streamlining compliance and enhancing transaction efficiency. The project integrates with both digital and legacy financial systems, paving the way for the future of global financial regulation. 29 October 2024 – The Bank for International Settlements...
GHL Systems Partners with JCB International to Expand Payment Solutions Across Southeast Asia
GHL Systems Berhad and JCB International have formed a strategic partnership to enable JCB Card acceptance for GHL merchants in Malaysia, Thailand, and the Philippines. This collaboration is expected to enhance payment convenience for JCB cardholders and boost tourism spending in the region as international travel rebounds. 22 October 2024 – GHL Systems Berhad (GHL) and JCB International Co., Ltd., the global operations...
Curlec by Razorpay Backs Malaysia’s Ekonomi MADANI in Budget 2025, Promoting Digital Growth and Financial Inclusion
Curlec by Razorpay supports Malaysia’s Budget 2025 initiatives under the Ekonomi MADANI framework, focusing on financial inclusion, cross-border payments, cybersecurity, and startup growth. The fintech leader aims to help drive digital transformation and strengthen the nation’s position as a global digital economy hub. 15 October 2024 – As Malaysia’s digital economy advances under the Ekonomi MADANI framework, Curlec...
Visa Launches VTAP Platform to Bridge Traditional Finance and Blockchain Ecosystems
Visa has introduced the Visa Tokenized Asset Platform (VTAP), enabling financial institutions to issue fiat-backed tokens and integrate blockchain technology into their operations. The platform supports seamless integration, programmability, and interoperability across blockchain networks, with live programs expected by 2025. 3 October 2024 – Visa, a global leader in digital payments, has announced the launch of its Visa...
MasterCard Advances Subscription Management with Minna Technologies Acquisition
MasterCard has acquired Minna Technologies to enhance subscription management, catering to the growing demand for convenient and flexible consumer services. This strategic move aims to simplify subscription processes, improve transparency, and foster lasting consumer relationships. 2 October 2024 – Subscriptions are integral to modern lifestyles, spanning delivery, entertainment, shopping, software, healthcare, and more. With...
Bank Islam Launches Shariah-Compliant Mastercard Inspire Credit Card-i with Exclusive Rewards for Young Professionals
Bank Islam has launched the Mastercard Inspire Credit Card-i, a Shariah-compliant credit card aimed at young professionals, offering rewards, travel perks, and a lifetime annual fee waiver. The card also promotes eco-friendliness and financial literacy through exclusive benefits, including TruPoints rewards and discounts for frequent travelers. 30 September 2024 – Bank Islam Malaysia Berhad (Bank Islam) has introduced the...
Malaysia and Cambodia Unite with New Cross-Border QR Payment Linkage Launched
Bank Negara Malaysia and the National Bank of Cambodia have launched a cross-border QR payment linkage, allowing instant payments between the two countries. This initiative, which began with a memorandum signed in February 2024, aims to enhance trade, boost tourism, and promote financial inclusion for millions of merchants. 19 September 2024 – Bank Negara Malaysia (BNM) and the National Bank of Cambodia (NBC) have officially...
Mastercard Introduces Biometric Payment Passkey Service Globally, Pilots in India to Boost Online Security
Mastercard has globally launched its Payment Passkey Service, beginning with a pilot in India, to enhance online shopping security through biometric authentication and tokenization. This innovative service replaces traditional passwords and OTPs, offering consumers faster, more secure checkouts. 2 September 2024 – At the Global Fintech Fest in Mumbai, Mastercard unveiled its new Payment Passkey Service, aiming to revolutionize...
Bank Islam and Mastercard Launch Malaysia’s First Islamic Pay with Rewards Program
Bank Islam has partnered with Mastercard to launch Malaysia’s first Islamic Pay with Rewards program, allowing cardholders to redeem points for purchases globally. The program is accompanied by a promotional campaign offering various rewards, including TruPoints, gadgets, and a trip to Istanbul. 14 August 2024 – Bank Islam Malaysia Berhad, the nation’s leading Islamic bank, has partnered with Mastercard to introduce the Bank...
GHL Systems Partners with ShopBack to Revolutionize Cashback Rewards for Malaysian Shoppers
GHL Systems Berhad has partnered with ShopBack to offer Malaysian consumers the ability to earn cashback rewards and access exclusive promotions at GHL-powered retail outlets, enhancing both the shopping experience and merchant sales. 13 August 2024 – GHL Systems Berhad (GHL), a leading electronic payment provider in Malaysia, has entered into a strategic partnership with ShopBack, the Asia Pacific region’s premier...
Aurum Theatre Partners with Mastercard to Launch Luxurious ‘Mastercard Lux Suite I by Getha
Aurum Theatre, The Exchange TRX, in collaboration with Mastercard, has launched the “Mastercard Lux Suite I by Getha,” offering a luxurious cinema experience with exclusive privileges for Mastercard users, including discounts and seamless payment options. This partnership aims to elevate the standard of entertainment and hospitality. 17 July 2024 – Aurum Theatre, The Exchange TRX, renowned for offering the largest...
Global Payment Gateways Market to Surge by MYR 52.33 Billion by 2028 Amidst Rising Adoption of NFC Technology
The global payment gateways market is set to grow by MYR 52.33 billion (USD 11.23 billion) from 2024 to 2028, driven by the increasing adoption of contactless payment solutions and NFC technology, despite the high costs of PoS terminals. Major market players are innovating to meet the evolving demands of secure, convenient, and efficient online transaction processing. 4 July 2024 – The global payment gateways market is projected...
TNG Digital Launches A New Gold Investment Product for eWallet Users
TNG Digital Sdn Bhd has launched e-Mas, a gold investment product via its e-wallet, aiming to democratize digital financial offerings and expecting to reach 500,000 subscribers by year-end. Supported by CIMB Bank Bhd, e-Mas allows users to invest in gold starting from RM10 without hidden fees. 2 July 2024 – TNG Digital Sdn Bhd has launched a gold investment product, e-Mas, accessible via its e-wallet, providing an easy avenue...
Bahamas Mandates Bank Integration to Boost Sand Dollar CBDC Adoption
The Bahamas will require commercial banks to facilitate access to its “Sand Dollar” CBDC to boost adoption, aiming to enhance its use in everyday transactions. This regulatory move underscores the country’s leadership in the global shift towards digital currencies. 1 July 2024 – The Bahamas, the first country to issue a central bank digital currency (CBDC), is set to introduce regulations requiring commercial banks...
