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South Africa’s central bank (SARB) has revealed a roadmap that would improve the country’s adoption of digital payment technologies.
digital payments, report, cryptocurrency, CBDC
Malaysia-based fintech Boost and its consortium partner RHB Banking Group have gotten approval from Bank Negara Malaysia (BNM) and the Ministry of Finance to operate as a digital bank.
digital banking, partnership, financial inclusion, fintech, digitalisation
AEON Bank has obtained approval from the Bank Negara Malaysia and the Minister of Finance to launch its digital banking operations in the region of Malaysia.
expansion, digital banking, banking, online banking, mobile banking, financial services, financial institutions
Malaysia-based payment network PayNet announces the launch of MY TouristPay App designed to facilitate seamless payments for tourists in Malaysia.
digital payments, mobile payments, PayNet, product launch, QR payments
Singapore Central Bank has released a response to industry feedback on a consultation paper of proposed regulations for crypto service providers.
cryptocurrency, regulation, risk management, credit card, digital payments
The Monetary Authority of Singapore and Bank Negara Malaysia have partnered to launch a cross-border real-time payment system connectivity between PayNow and DuitNow.
partnership, product launch, cross-border payments, cross-border ecommerce, P2P, P2P payments, ecommerce, banking, financial services, financial institutions
Provider of mobile payment solutions Boku has received authorisation for its Malaysian entity to operate as a Non-Bank Merchant Acquirer.
mobile payments, online payments, e-wallet, financial services, merchant, COVID-19
Digital bank GX Bank Berhad (GXBank), led by superapp Grab has received approval from the Minister of Finance and Bank Negara Malaysia (BNM) to commence operations.
product launch, certification, digital banking, banking, fintech, financial services, financial inclusion, SMEs
Bank Indonesia (BI) and Bank Negara Malaysia (BNM) have announced the commercial launch of Indonesia – Malaysia cross-border QR payment linkage for instant retail payments.
partnership, product launch, QR code, QR payments, DuitNow QR, QRIS, cross-border payments, instant payments, merchants, payment methods, fintech, financial inclusion, travel payments, retail, ecommerce, settlement, SMEs
The Monetary Authority of Singapore (MAS) and Bank Negara Malaysia (BNM) have rolled out a a cross-border QR code payment link.
QR payments, QR code, cross-border payments, online payments, Monetary Authority of Singapore (MAS)
The State Bank of Vietnam (SBV) and the Bank of Thailand (BOT) have launched joint QR payment services, a cross-border payments alternative between the countries.
partnership, QR code, QR payments, cross-border payments, cross-border ecommerce, cross-border logistics, payments , payment processing, real-time payments
The Monetary Authority of Singapore (MAS) has launched an international initiative, Ubin+, to advance cross-border foreign exchange (FX) using wholesale CBDC.
partnership, cryptocurrency, cryptocurrency exchange, CBDC, FX , blockchain, wholesale banking, digital currency
The central banks of Indonesia, Malaysia, the Philippines, Singapore, and Thailand have partnered to develop an interoperable cross-border payments system.
central bank, banks, QR payments, partnership, mobile banking
Malaysia-based Super App airasia has launched a new feature, a closed-loop electronic wallet for users to reload and make payments in the app while receiving rewards.
product upgrade, mobile payments, ecommerce, travel payments, e-wallet, loyalty programme
Singapore-based fintech Nium has made real-time payments available in Malaysia and announced broader local license capabilities.
real-time payments, expansion, fintech, PSP, settlement, Nium
Grab and Singtel have announced that GXS Bank, their digital bank joint venture, has been selected to receive a full digital banking licence in Malaysia.
partnership, funding, banking license, central bank, SMEs
Bank Negara Malaysia, the country’s central bank, has announced it will award up to five digital banking licenses out of the 29 applicants enrolled in the programme.
central bank, digital banking, online banking, digitalisation, financial services
Malaysia-based payments network PayNet and Bank Negara Malaysia have taken part in Project Nexus by working together to enhance the cost and speed of international payments.
cross-border payments, real-time payments, online payments, PayNet, Monetary Authority of Singapore (MAS)
Thailand-located payment platform Omise has launched its operations in Malaysia in late 2021, as part of its expansion strategy throughout Southeast Asia region.
expansion, online payments, payment methods, payment processing
BANK Negara Malaysia (BNM) and the Monetary Authority of Singapore (MAS) announced plans to commence a phased linkage of Malaysia’s DuitNow and Singapore’s PayNow payment systems.
mobile payments, QR payments, PayNow, expansion, regulation