Malaysia

Wibmo, a subsidiary of PayU, has partnered with MobilityOne, a Malaysia-based payment firm, to support the issuance of Mastercard prepaid cards through its prepaid platform Wibmo Hexa. The duo are set to foray into the Malaysian prepaid card market and offer various prepaid programs catering to consumer, corporate, government and the health sector.

Ministry of Science, Technology and Innovation (MOSTI) in Malaysia, through Cradle Fund Sdn. Bhd. (Cradle), has on Tuesday launched a series of micro- conferences, MYStartup NXT, as part of the efforts to create an inclusive, impactful and sustainable startup ecosystem in Malaysia.

One can’t help to wonder — what’s the next course of action for banks? Is biometric technology truly mature enough to be the silver bullet that provides airtight security and seamless customer experiences that banks are aiming to achieve?

Global payment firm Mastercard has on Tuesday opened its new office and launch of its data and services (D&S) hub in Kuala Lumpur, which will serve clients across the Asia Pacific region with a suite of offerings beyond transactions.

City University of Hong Kong has on Monday launched the first ever HK Tech 300 Southeast Asia Start-up Competition (HK Tech 300 SEA Competition) in Kuala Lumpur, Malaysia, extending the highly anticipated innovation and entrepreneurship program to Southeast Asia to foster start-ups and innovation and technology development in the region.

Malaysian lenders CIMB Bank Berhad and CIMB Islamic Bank Berhad (collectively CIMB) have on Monday introduced its suite of electric vehicle (EV) financial solutions in Malaysia to drive the adoption of EVs in Malaysia.

Bank Indonesia (BI) and Bank Negara Malaysia (BNM) have on Monday announced the commercial launch of the Indonesia-Malaysia cross-border QR payment linkage. The commercial launch of this linkage follows from the successful completion of the pilot phase of the linkage announced on January 27, 2022.

Malaysian conglomerate Sunway Group, clean energy solutions company Gentari Sdn Bhd, and electric vehicle (EV) charging solutions provider EV Connection Sdn Bhd, have sealed a memorandum of understanding (MoU) to build and install EV charging stations at Sunway-owned premises, commercial buildings and facilities throughout the country.

HOMA Sdn Bhd (HOMA2U), a Malaysian marketplace for renovation and interior design materials, announced Tuesday that it secured $875,000 in its pre-series A funding. The investment round was led by Quest Ventures Asia Fund II, an early-stage venture capital fund managed by Quest Ventures Pte Ltd, a Singapore-based venture capital firm.

BigPay, a Capital A venture company and fintech firm based in Malaysia, has announced the appointment of Zubin Rada Krishnan as its Acting Group Chief Executive Officer.