Malaysia

Foodpanda Malaysia apologizes, updates its Wastage Policy amid several vendors’ protests & complaints

Foodpanda Malaysia’s statement came after local media reported that several vendors on the platform have called for protests against ‘hidden’ or promotion charges which caused them to incur losses.

Malaysian investment firm Kenanga Investors launches fund to invest in tech firms

The fund aims to invest primarily in equity securities of global cutting-edge, innovative companies with long-term sustainable growth potential, are on the cusps of initial public offerings, and have or will develop products and services that are linked to technologically-driven innovations. The fund also aims to further bridge the gap between retail…

Singapore insurer NTUC Income expands Insurance-as-a-Service to Indonesia, Vietnam, Malaysia via partnerships

These strategic alliances are built on Income's Insurance-as-a-Service (IaaS) model that enables the company to bring digital-first insurance business models to partners overseas, enhance their speed-to-market, and equip them with the right capabilities and tools to capture new customer segments and revenue streams

AirAsia partners more airlines to sell competitors’ flights on super app

AirAsia's move to partner with more airlines and sell more flights on its super app comes as Malaysia and other countries in Southeast Asia are beginning to reopen their economies and tourism sector to welcome back tourists.

Malaysia home services platform Recommend Group raises $4M Series A funding led by China’s Morning Crest Capital

Recommend Group will be using the funds to expand the teams in Indonesia and Malaysia, with a focus on product and engineering. It will also improve the user experience on its customer and vendor mobile apps, as well as its website, build new features that empower service workers to manage and grow their businesses. The company also targets to expand…

Angkasa-Boustead consortium banks on Islamic bank positioning, existing captive members to win a digital banking license in Malaysia [Q&A]

In the interview, Hudhaifa shared the opportunities the consortium sees in building a digital bank in Malaysia and what are the competitive advantages it has against other contenders vying for the digital banking licenses. He also shared his views on the profitability path for digital banks, citing examples from other countries.

DroneTech startup Poladrone raises $4.29 M in Malaysia’s largest Seed round

The funding round will allow Poladrone to scale up operations to better serve customers across the region and to attract top talent to further improve its products.

Omise targets to triple transactional processing volume in Malaysia as it launches operations in the country

Businesses operating online in Malaysia now have access to the full strength of Omise’s modern payment gateway to accept payments securely, manage transactions, send payouts, and expand operations regionally to capture more sales and grow revenue. Meanwhile, businesses using Omise in Thailand, Japan, and Singapore can seamlessly expand their business and…

Malaysia to roll out digital ID in 2024

The digital ID will use the latest biometric technology such as fingerprints, facial or iris recognition.

ASX-listed Novatti acquires Malaysia FinTech firm ATX Group for up to $7.4M

The acquisition enables Novatti to scale existing ATX businesses while looking to introduce additional Novatti services to the Malaysian market, such as billing.