On The Web

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Deals

Axiata, Telenor Seal $15 Bln Deal to Form Malaysia’s Biggest Mobile Operator

June 21 2021

• in
• Malaysia
• Mobile Networks (MNO)

“Malaysian telecoms firm Axiata Group Bhd (AXIA.KL) and Norway’s Telenor ASA (TEL.OL) will merge their mobile operations in Malaysia in a $15 billion deal, forming a new market leader in the competitive Southeast Asian nation. The companies had said in April they were in advanced talks to merge Celcom Axiata Bhd and DiGi.Com Bhd (DSOM.KL) […]

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Domains

Thailand, Malaysia C.banks Launch Cross-border QR Payment Linkage

June 21 2021

• in
• Cross-border payments
• Malaysia
• Thailand

“The central banks of Thailand and Malaysia launched on Friday a cross-border QR (Quick Response) payment linkage to enable consumers and merchants in both countries to make and receive instant cross-border QR code payments. The move is the first phase in linking the real-time retail payment systems of Malaysia’s RPP/DuitNow and Thailand’s PromptPay, they said […]

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Domains

ShopeePay Mobile Wallet Added to Digital Payments Acceptance Options Supported by Malaysia’s GHL Systems

March 8 2021

• in
• Malaysia
• Mobile Payments

“GHL Systems Berhad’s Malaysia-based business operations have reportedly added the ShopeePay mobile wallet to their digital payments acceptance options. The new payments service has been added after a recent partnership with ShopeePay Malaysia Sdn Bhd. Through the partnership, GHL will enable its offline merchant base and new merchants with the option to take digital payments […]

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Global

Digital Finance: EVOLET Driving Financial Inclusion in Malaysia

March 1 2021

• in
• Financial Inclusion
• Malaysia

“Last March, which was roughly a year after he had the conversation with the migrant worker, Yu launched EVOLET, a secure digital wallet with a complimentary pre-paid Mastercard service as an alternative to bank accounts for migrant workers. Convenience for workers aside, the digital wallet — licensed by Bank Negara Malaysia — is fashioned first […]

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Global

Coopetition, Not Competition, Is Asia-Pacific’s Path to Cash-free Future

February 11 2020

• in
• Malaysia

“Competition for digital payments flourishes in these circumstances. Malaysia’s central bank lists 47 e-money issuers in the nation, accounting for 13.8 billion Malaysian ringgit ($3.3 billion) worth of transactions in the January-October 2019 period. International giants such as Alipay and WeChat Pay import their expertise from a mature Chinese ecosystem, while local players rise to […]

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Global

WeChat Pay Now Lets You Quick Pay With Your Credit Card

December 6 2019

• in
• Malaysia

“WeChat Pay is now offering greater convenience when it comes to mobile payments. If you don’t have sufficient eWallet balance, you can now pay directly via your assigned credit card. The Quick Pay feature via Credit Card is now available for WeChat Pay users in Malaysia. Previously, you can link your credit card but it is […]

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Companies

Upstarts Are Swiping Business From Visa and Mastercard in India

March 26 2018

• in
• India
• Malaysia
• Mastercard
• Visa

“Transactions through India’s homegrown Unified Payments Interface — which allows mobile apps run by retailers, airlines and other firms to take payment directly from bank accounts — reached almost half the value of debit and credit cards swiped at stores last month, central bank data show. The surge in UPI transactions has taken place since 2016 when […]

On The Wires

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Companies

Discover Announces Alliance With Malaysia’s PayNet to Expand Worldwide Acceptance

March 23 2021

• in
• Discover
• Malaysia

“Discover, a leading digital bank and payments company, and Payments Network Malaysia Sdn Bhd (PayNet), the national payments network and shared central infrastructure for payment services in Malaysia, have signed an agreement that will greatly expand acceptance for Discover, Diners Club International and network alliance cardholders in Malaysia. The agreement complements Discover’s strategy of growing […]

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Companies

Adyen Expands Acquiring Capabilities to Malaysia

July 7 2020

• in
• Adyen
• Malaysia

“ADYEN, the global payments platform of choice for many of the world’s leading companies, today announced the expansion of its acquiring capabilities to include Malaysia.  Adyen acquiring complements the company’s all-in-one payment platform allowing merchants like Fave, foodpanda and Love, Bonito to get the most out of each transaction with local payment processing. This announcement […]

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Companies

Stripe Launches in Malaysia

October 7 2019

• in
• Malaysia
• Stripe

“Today, we’re happy to officially launch Stripe in Malaysia. Businesses all across the country can now easily accept and manage payments, and access the full Stripe stack including Billing, Connect, Radar and Sigma. More than 80 percent of Malaysians already access the internet and as many as two-thirds of them do so via their smartphones. […]