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AmBank’s Visa Credit Card Users Now Have Option for BNPL Payments
AmBank has teamed up with Visa to offer a new instalment payment service to its credit card users in Malaysia. This service, known as Visa Instalments, allows cardholders to convert their eligible...
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Tackling the US$2 Trillion Funding Shortfall for Asia Pacific’s SMEs
Small and medium enterprises (SMEs) are vital in driving economic growth, particularly in developing countries, as they significantly contribute to the GDP and play a key role in job creation....
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Funding Societies and HDC Join Forces to Boost Halal Business Financing
SME digital financing platform Funding Societies has tied up with the Halal Development Corporation (HDC) to provide Shariah-compliant digital financing to halal businesses. The partnership was...
View ArticleBNM’s New Personal Financing Policy Defines FIs’ Approach to BNPL Offerings
The Bank Negara Malaysia (BNM) has released a new policy document on personal financing which took effect on 15 December 2023, with the goal of promoting responsible financing practices while...
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Khazanah, CGC Digital Invests in Funding Societies to Bridge RM 90B Funding Gap
Malaysia’s sovereign wealth fund Khazanah Nasional and CGC Digital have made a strategic investment in SME digital financing platform Funding Societies. The sum was not disclosed. The investment is...
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Boost PayFlex Expands Shariah-Compliant BNPL Across App and DuitNow QR
Malaysian e-wallet Boost has expanded its Shariah-compliant PayLater feature, called Boost PayFlex, to cover all transactions within its app as well as QR code payments. The credit line can be used for...
View ArticleRize Offers In-App Personal Loans up to RM250,000
Al Rajhi Bank Malaysia’s digital banking arm, Rize, has introduced a Personal Financing-i campaign accessible through an in-app application without requiring collateral, a guarantor, or branch visits....
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HSBC ASEAN Growth Fund Targets Scaling Digital Companies with US$1 Billion
HSBC has unveiled a US$1 billion ASEAN Growth Fund that targets six of the region’s most rapidly developing countries, aiming to enhance the capabilities of digital platform enterprises. The HSBC ASEAN...
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Jaya Grocer Employees Gain Financial Flexibility with Paywatch’s On-Demand Pay
Jaya Grocer, a prominent supermarket chain in Malaysia, has announced a new partnership with Paywatch, a provider of earned wage access (EWA) services in Asia. This collaboration aims to provide Jaya...
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FinDoc and CTOS Join Forces to Leverage AI in Loan Screening for Malaysians
Malaysian fintech firm FinDoc and CTOS Data Systems, a local credit reporting firm, have officially partnered to refine loan eligibility assessments through advanced AI technologies. This...
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