Bank Negara Malaysia

As both startups and established players collaborate with regional VCs, the widespread adoption of #AIAgents in #fintech will likely redefine how consumers and businesses engage with financial services—highlighting a more inclusive and innovative digital economy across the region.

Under this linkage, consumers and merchants in both countries will be able to make and receive instant cross-border QR payments.

The central banks of India, Malaysia, Thailand, Singapore and the Philippines are working together to start an instant cross-border retail payments platform.

A key highlight at the symposium is the showcasing of Malaysia’s cross-border QR payment linkages with Indonesia, Singapore, and Thailand. It features an exhibition with food vendors from Malaysia, Indonesia, Singapore, and Thailand.

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 Central Bank, in partnership with the Financial Intelligence Consultative Group (FICG), will be co-hosting the AML/CFT Hackathon 2023 from June 1 to 28, 2023 to develop digital solutions to help combat financial crime.

In deciding to award five licenses, Nor Shamsiah said the central bank considered many factors, such as the size of the country’s banking system relative to the economy. “This isn't a case of ‘the more the merrier!’” she added.

Malaysia’s move to issue digital banking licenses comes at a time when regulators across Asia including Singapore, Hong Kong, and the Philippines are opening up the banking industry to digital players, encouraged by higher smartphone penetration and better internet connections.

The central bank of Malaysia and Indonesia on Thursday launched a cross-border QR payment linkage, to enable instant, secure, and efficient cross-border payments between Malaysia and Indonesia. Through this linkage, consumers in both countries will be able to make retail payments by scanning the DuitNow or Quick Response Code Indonesian Standard (QRIS) QR…

Advancing digitalization of the financial sector is among the five strategic thrusts stated in the Blueprint. Among the initiatives include future-proofing key digital infrastructures, supporting a vibrant digital financial services landscape, strengthening cyber security readiness and responsiveness, and supporting greater use of technology for regulation…