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Malaysia's fintech firms Payments Network Malaysia (PayNet) and Swipey Digital Services (Swipey) have announced a strategic partnership to expand digital payment adoption among Malaysian small and medium-sized enterprises (SMEs).

Carsome Group, Southeast Asia’s largest integrated car e-commerce platform, has recorded $10.5 million in adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) for the year 2024, marking the group’s first full year of profitability since its inception and its sustained profitability since initial achievement in December 2023.

MoneyHero Limited, a personal finance aggregation and comparison platform in Greater Southeast Asia, has partnered with global AI consumer service firm Ada to launch an artificial intelligence (AI) Agent for customer service, aiming to transform customer experience while driving operational efficiency.

Enya, a Singapore-based brand in sustainable period care, has secured strategic investment from 500 Global, alongside venture debt financing from Crusade Partners, to expand its consumer (B2C) and corporate (B2B) footprint across Asia and the Middle East.

Senang.io, a Malaysian headquartered fintech company, has partnered with iRemit, a Filipino-owned non-bank remittance provider, to launch the DreamSecure — a financial product designed exclusively for Filipino overseas workers (OFWs).

Total committed funds for private equity (PE) and venture capital (VC) in Malaysia reached a combined total of MYR 24.70 billion ($5.58 billion) in 2024, the Securities Commission Malaysia (SC) said Thursday.

The lack of formal regulations has not stopped adoption—it has only driven it into grey areas where oversight is minimal. If India does not address this regulatory gap soon, it risks allowing an unregulated market to flourish, potentially creating even greater financial vulnerabilities.

HitPay, a Singapore-based fintech firm, has partnered with NPCI International Payments Limited (NIPL), an India-based payments firm, to integrate the unified payments interface (UPI) into its platform.

Malaysian lender Malayan Banking Bhd (Maybank) has announced the first multi-market small and medium enterprises (SME) upskilling and digitalization collaboration between a financial institution and TikTok Shop in the ASEAN region.

Global sustainable infrastructure firm Actis has announced the closing of the acquisition of a stake in Terra Solar Philippines, Inc. (MTerra Solar), with MGEN Renewable Energy, Inc. (MGreen), through its subsidiary SP New Energy Corporation (SPNEC).