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 five...
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.; and a...
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...
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 competitive...
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 favored...
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 overall...
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 in four...
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...
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 assume her...
Crypto-trading Scam Demands Thousands of Dollars in Fake “Profit Tax” To Unlock Victims’ Accounts, Sophos Finds
Sophos, a global leader in next-generation cybersecurity, has released new insight into an international cryptocurrency trading scam called CryptoRom that targets iPhone and Android users through popular dating apps, such as Bumble and Tinder. The new research, “CryptoRom Swindlers Continue to Target Vulnerable iPhone/Android Users,” is based on first hand stories and content shared with Sophos by victims of the scam who got in touch...
Malaysia Aviation Group Announces Regional Partnership with hoolah, Enabling Travellers in Malaysia, Singapore and Hong Kong to Pay for Flights Over Time
Malaysia Aviation Group (MAG), the parent company of national carrier Malaysia Airlines, today announced a regional partnership with hoolah, Asia’s leading omnichannel Buy Now Pay Later (BNPL) platform, to provide a seamless and convenient payment option for travellers. Through this collaboration, travellers in Malaysia, Singapore and soon Hong Kong, can now book their getaway with MAG’s main airline, Malaysia Airlines online and pay...
BNM and World Bank Release Joint Report on Nature-Related Financial Risks in Malaysia
Bank Negara Malaysia (BNM) today launches the joint report with the World Bank entitled “An Exploration of Nature-related Financial Risks in Malaysia”. The report uses local and global data to examine the relationship between the Malaysian financial sector and nature. It also assesses potential exposures to nature-related risks through banks’ financing activities. The findings of this report lend impetus to the need to strengthen...
Turn your Angpows into Gaming Credits with Codashop’s Roaring Lunar New Year Deals and Giveaways
Codashop, the leading independent source for digital content and in-game currencies, is welcoming gamers to join in for a roaring Lunar New Year celebration. In partnership with the popular multiplayer online game, Mobile Legends: Bang Bang (MLBB), Codashop will be putting together exciting giveaways, top-up deals and live streaming events that will keep you entertained all through the festive season. Lunar New Year is synonymous with...
Axaipay Partners With Huawei And Duogo To Be The Pioneer In The Country To Offer One-Stop Digital Platform For Franchise
The Malaysian-owned payment service provider, Axai Digital Sdn Bhd (“Axaipay”) has inked a tripartite Memorandum of Collaboration (“MoC”) with Huawei Technologies (Malaysia) Sdn Bhd (“Huawei”) and Duogo Sdn Bhd (“Duogo”), to formalize the collaboration to develop cloud-based digital transformation solution for franchise in the country. The signing was witnessed by the Malaysia Franchise Digital Association’s Hononary Chairman &...
More Than 3 In 5 In SEA Want OTP Via SMS In Every E-Payment Transaction
A recent Kaspersky research showed that e-payment adopters in Southeast Asia (SEA) are becoming increasingly aware of the importance of safeguarding their financial data amidst the rapid rise of digital payment use in the region. And they are clear on the additional security features they hope to see implemented by banks and mobile wallet providers here, moving forward. Titled “Mapping a secure path for the future of digital payments...
Wise Partners With Tencent Financial Technology To Bolster International Money Transfers To China Through Weixin
Wise, the global technology company building the best way to move money around the world, today announced a technology partnership with Tencent Financial Technology which will enable international money transfers to China through Weixin. Weixin (the mainland Chinese version of WeChat), owned and operated by Tencent, is a leading social platform in China. With this latest launch, Wise’s customers will be able to send money from 11...
Instarem Launches Mobile App in Malaysia, Making Cross Border Payments Safer, Faster and More Affordable
Instarem, leading digital cross border payments business, today announced that its mobile application is now available in Malaysia, enabling users to send funds effortlessly. The new app will allow instant onboarding for Malaysian Nationals and expats through local partners. Users will be able to access the app with their fingerprint and will be able to transfer instantly to specific destinations via an intuitive function called Quick...
Visa Pioneers Cloud-based Payment Acceptance
VISA announced a new platform, Visa Acceptance Cloud (VAC), set to revolutionize the way businesses accept payments from their customers. Following the success of the company’s popular “Tap to Phone” solution, VAC will let acquirers, payment service providers, point of sale (POS) manufacturers, and Internet of Things (IoT) players move payment processing software from being embedded in each hardware device to being universally...
Mastercard Appoints Safdar Khan Division President for Southeast Asia
Mastercard announced today that Safdar Khan has been named Division President for Southeast Asia. This appointment is an expansion of his former role as Division President, Southeast Asia Emerging Markets. A 15-year veteran of Mastercard, Khan’s previous role saw him building business momentum with an assertive distribution strategy and expanding revenue by growing the company’s Services offerings. He will now be responsible for...
Snatch That Crypto: Bluenoroff Threat Actor Drains Cryptocurrency Startups’ Accounts
Kaspersky experts have uncovered a series of attacks by advanced persistent threat (APT) actor BlueNoroff against small and medium-sized companies worldwide resulting in major cryptocurrency losses for the victims. The campaign, dubbed SnatchCrypto, is aimed at various companies that, by the nature of their work, deal with cryptocurrencies and smart contracts, DeFi, Blockchain, and the FinTech industry. In BlueNoroff’s most recent...
