Mastercard and HSBC Launch Global Initiative to Recycle Credit and Debit Cards, Tackling Plastic Waste and Environmental Impact
Mastercard has partnered with HSBC to launch a global project to recycle credit and debit cards, aiming to prevent them from being discarded in landfills. The initiative invites card issuers worldwide to participate in the program, offering shredding machines for recycling, thus addressing environmental concerns related to card production and waste disposal. LONDON, 22 June 2023 – Mastercard has launched a global project in...
UnionPay International and PayNet Partner to Enable Cross-Border QR Payments in Malaysia
UnionPay International (UPI) has partnered with Payments Network Malaysia Sdn Bhd (PayNet) to enable cross-border UnionPay QR payments in Malaysia. Starting in September 2023, Chinese tourists with UnionPay QR can make payments at DuitNow QR acceptance points across Malaysia. This collaboration enhances the payment experience for Chinese tourists and expands the acceptance of DuitNow QR in the global market. KUALA LUMPUR, 21 June 2023...
Visa Appoints Chris Suh as Chief Financial Officer
Visa has announced the appointment of Chris Suh as its new Chief Financial Officer (CFO), effective August 1, 2023. Suh, previously the CFO of Electronic Arts (EA) and a former executive at Microsoft, brings a wealth of experience in finance and technology to his new role. He will be responsible for Visa’s financial strategies, planning, reporting, finance operations, and investor relations. SAN FRANCISCO, 21 June 2023 –...
Leading Payment Service Provider GHL Systems Partners with Alipay+ to Revolutionize Cross-Border Digital Payments in Thailand
GHL Systems Berhad has partnered with Alipay+ to enable over 2,600 local businesses in Thailand to accept cross-border digital payments from leading Asian mobile wallets. This collaboration allows travelers to make seamless mobile e-wallet payments at over 5,000 retail outlets, revolutionizing the payment experience and benefiting various tourism sectors. BANGKOK, 20 June 2023 – GHL Systems Berhad (GHL), the premier payment...
Huawei Mobile Services and Alipay+ Forge Strategic Partnership for Enhanced Payment Marketing and Seamless User Experiences
Huawei Mobile Services and Alipay+ have entered into a strategic partnership to enhance their payment marketing efforts and deliver seamless payment experiences to users. The collaboration involves integrating Alipay+’s digital payment solutions with Huawei’s mobile services, enabling a simplified and secure mobile payment landscape. Huawei has already enabled multiple e-wallets and plans to expand further. The partnership...
UOB Malaysia Introduces UOB TMRW
UOB Malaysia has launched its enhanced mobile banking app, UOB TMRW, powered by advanced technologies, to provide customers with a personalized and streamlined banking experience. The app offers features such as investment portfolio management, real-time performance tracking, and instant redemption of reward points and coupons. Users can also expect future additions like self-service functionalities for UOB cards. With a focus on...
Rapid Adoption of Real-Time Payments Reshapes Global Payment Landscape, Fuels Market Growth
The COVID-19 pandemic has triggered a significant shift in global payment preferences, leading to a surge in newer payment methods such as Buy Now Pay Later (BNPL), one-click payments, and real-time payments. Real-time payment systems offer substantial advantages in terms of cost reduction and payment success rates for both consumers and businesses. According to a recent report, the market size of real-time payments is projected to...
BNM Appoints Datuk Abdul Rasheed as Governor, Continuing Commitment to Stability and Growth
In a significant announcement today, Bank Negara Malaysia (BNM) revealed that Datuk Shaik Abdul Rasheed bin Abdul Ghaffour has been appointed as the Governor for a five-year term, effective from July 1, 2023, to June 30, 2028. This appointment comes following the consent of the Yang di-Pertuan Agong, Malaysia’s monarch. Datuk Abdul Rasheed will assume the role of Governor from Tan Sri Nor Shamsiah Mohd Yunus, who will be...
BNM Showcases Cross-Border QR Payment Linkages in SS2023
Bank Negara Malaysia (BNM) successfully hosted its inaugural BNM Sasana Symposium 2023 (SS2023) at the prestigious Sasana Kijang, attracting over 700 attendees. The one-day event delved into significant topics through seven panel sessions and a captivating showcase of cross-border QR payment linkages. During the SS2023 launch, Tan Sri Nor Shamsiah Mohd Yunus, the Governor of Bank Negara Malaysia, underscored the criticality of...
Global Remittance Market in 2027
The “Global Remittance Market Outlook to 2027” report has revealed that the global remittance market has experienced steady growth in recent years, excluding the pandemic year. The market is primarily driven by the increasing use of mobile-based payment channels, cross-border transactions, and the reduction in remittance transfer time and cost. The growth of the remittance market is fueled by the widespread adoption of...
Unleashing Resilience: SaaS-Powered Financial Institutions Outpace Market Peers in Turbulent Times
In today’s dynamic financial landscape, the ability to bounce back from market disruption is a critical factor for success. Recent research conducted by Mambu, a leading cloud banking platform, reveals a striking advantage for financial institutions (FIs) that run on a true Software-as-a-Service (SaaS) platform – they recover nearly 2.5 times faster than their industry peers. Mambu’s comprehensive report, “Turning...
Nium Enhances Global Payroll Payments Solution for Seamless Integration with Payroll Platforms
Nium, the leading provider of real-time global payments, has announced enhancements to its market-leading payroll payments solution, catering to the complex needs of payroll platforms worldwide. The upgraded solution simplifies global expansion for payroll platforms, offering expanded network and currency coverage across various regions. Key enhancements include foreign exchange transparency, beneficiary pre-screening, scheduled...
Ant Group Expands Mobile Wallet Acceptance in Thailand, Boosting Digital Travel Experience
Ant Group, the operator of Alipay+, a global cross-border digital payments and marketing solution, has announced that four mobile wallets are now accepted in Thailand. These include AlipayHK (Hong Kong SAR), Kakao Pay (South Korea), Touch ‘n Go eWallet (Malaysia), and Alipay (Chinese mainland), which has been accepted by Thai merchants since 2015. This development, enabled through Alipay+, expands the seamless digital travel...
Next Capital Partners with Mambu to Launch Next-Generation Digital Lending Products
Next Capital Public Company, a prominent Thai technology-driven auto leasing company, has joined forces with Mambu, an innovative global fintech firm, to introduce a new suite of lending products. Leveraging Mambu’s cloud-native core banking and lending platform, Next Capital aims to transform into a next-generation full-service digital lender, providing cutting-edge financial solutions to the underbanked. This partnership...
Axaipay Introduces Innovative PreSettlement Service to Empower Micro Businesses
Axaipay, a leading financial technology company, is proud to announce the launch of its groundbreaking PreSettlement Service, a game-changing solution poised to revolutionize financial support for micro businesses. As the first and only offering of its kind, this service has been meticulously tailored to meet the unique needs of micro businesses, providing them with unparalleled financial assistance. During the Payments Innovation...
SC Malaysia Takes Action Against Huobi Global Limited for Operating Illegally in the Country
The Securities Commission Malaysia (SC) has recently taken decisive action against Huobi Global Limited and its Chief Executive Officer, Leon Li, for operating a digital asset exchange (DAX) in Malaysia without proper registration. In response, the SC has issued a public reprimand directed at Huobi Global Limited and Leon Li for their illegal operations within Malaysia. Furthermore, the SC has ordered Huobi Global Limited to...
Onfido Acquires Airside Mobile: Revolutionizing Digital Identity Verification
Onfido, a leading global provider of automated identity verification solutions, announced the successful acquisition of Airside Mobile, Inc., a pioneer in private digital identity sharing technology. Airside Mobile has been at the forefront of introducing user-controlled digital identity to the travel industry and has garnered the trust of over 10 million travelers and major U.S. government agencies, including the Transportation...
XOX Partners with Alliance Bank to Revolutionize Financial Services on BLACK Mobile App
XOX Berhad (XOX) has partnered with Alliance Bank Malaysia Berhad to enhance the financial services available on its BLACK Mobile App. This collaboration expands the app’s existing offerings, which include an e-commerce platform, account management tools, pay-per-view ad rewards, and more. The partnership will introduce Alliance Bank’s personal financing products and services to BLACK App users. In the initial stage,...
AmBank Islamic Launches Am Up Your Chances Campaign: Over RM2.7 Million in Prizes and Rewards Await Customers
AmBank Islamic has unveiled its highly anticipated Am Up Your Chances campaign, offering a remarkable total of RM2.7 million in prizes and rewards to its valued customers. Running for 12 months from April 1, 2023, to March 31, 2024, the campaign aims to provide enhanced value to individuals who save in their AmWafeeq Savings Account-i (AmWafeeq-i). Acknowledging the enthusiastic response received from previous AmRewards campaigns,...
Instant Rewards for Seamless Travel Experiences by HSBC TravelOne Credit Card
HSBC Malaysia has revolutionized travel convenience with the exciting launch of their latest product, the HSBC TravelOne Credit Card. This remarkable offering allows customers to instantly redeem their travel rewards with a range of leading airlines and renowned hotel chains. In collaboration with Mastercard, the TravelOne Credit Card was designed with customer convenience as its primary focus. In a grand launch event, Taylan Turan,...
