Malaysia

Malaysia-listed banking firm Bank Islam Malaysia Berhad has on Sunday officially launched its fully cloud-native digital banking proposition named Be U, the first-of-its-kind technology stack which is anticipated to be the cornerstone of all upcoming digital banks to be introduced in Malaysia. Made available to the public since mid-June this year, Bank…

Advance Intelligence Group, a Singapore-based unicorn tech start-up, announced on Monday its acquisition of Jewel Paymentech, a financial risk technology company specialising in merchant due diligence and fraud and risk management solutions for the financial services and payments industry.

ShopBack, Asia-Pacific’s leading shopping and rewards platform, has launched ShopBack PayLater, a Buy Now, Pay Later (BNPL) payment option. As the entry point to rewarding shopping for over 30 million shoppers across the Asia-Pacific, the Group aspires to now be the preferred checkout option for shoppers with PayLater.

DOKU, an Indonesia-based payment platform, announced Thursday it has expanded into Malaysia after acquired an online payment firm senangPay for $7.5 million. The acquisition followed DOKU received funding from Apis Growth Fund II, a private equity fund managed by Apis Partners LLP last year.

Malaysia-based integrated car e-commerce platform Carsome, announced Thursday the appointment of football legend, Eric Cantona, as its brand ambassador. In his capacity as ambassador to the brand, Cantona will take an active involvement in Carsome’s upcoming promotional activities this year as well as group-wide advertising campaigns in Malaysia, Indonesia…

Web3 firms Vleppo and Tokel have successfully conducted a breakthrough digital procedure that will pave the way for the blockchain industry and non-fungible token (NFT) owners to establish and enable their legal rights embodied in the NFTs and digital transactions to be made legally enforceable in the courts of law around the world.

OCBC Bank (Malaysia) Berhad (OCBC Bank) and delivery company J&T Express (Malaysia) Sdn Bhd (J&T) are collaborating to make “last mile” delivery safer and more convenient for over 1,500 couriers in Malaysia through the use of the bank’s digital collection solution OCBC OneCollect.

Growth stage accelerator ScaleUp Malaysia said Thursday it will invest a total of $1 million in ten startups in its 2022 Cohort which will officially start in the fourth quarter of 2022. It has increased its investment in its startups to $100,000 per company, making it one of the largest cheque sizes from an accelerator in Southeast Asia.

Southeast Asian super app Grab said Thursday it has officially launched Grab Intercity, giving users the ability to conveniently purchase affordable bus and ferry tickets between Malaysia and Singapore right on the Grab app.