MALAYSIAN FINTECH & STARTUP - SkyscraperCity
 

forums map | news magazine | posting guidelines

Go Back   SkyscraperCity > Asian Forums > Forum Pencakar Langit Malaysia > Urban

Urban discussions on urbanisation, urban society, economy, infrastructure, urban events and entertainment


Reply
 
Thread Tools
Old July 3rd, 2019, 05:39 PM   #1
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 95,397
Likes (Received): 14790

MALAYSIAN FINTECH & STARTUP

Maybank and Visa Malaysia launch Tap2Phone
By Amir Hisyam Rasid - July 3, 2019 @ 1:02pm



Head Community Financial Services Maybank Malaysia Datuk Hamirullah Boorhan (fourth from right), Visa Country Manager for Malaysia Ng Kong Boon (third from left) and Head of Cards, Group Community Financial Services, Maybank B.Ravintharan (second from left) holds the mockcard during the launch of Maybank Tap2Phone in Kuala Lumpur. NSTP photo by AZIAH AZMEE
Quote:
KUALA LUMPUR: Malayan Banking Bhd (Maybank) aims to enable over 10,000 device acceptance points for its newly-launched Tap2Phone in the next 12 months.

In collaboration with Visa Malaysia, the bank has introduced Tap2Phone, a financial technology payment solution catered to small businesses, as well as delivery and sales agents.

Maybank community financial services Malaysia head Datuk Hamirullah Boorhan said the innovative payment solution, to be rolled out in September, was expected to add an additional RM350 million to the bank’s total current billing transactions worth RM60 billion.

He said the new service, the first in Southeast Asia, enables merchants to accept card payments from customers by using the app on their mobile phones without the need for a point-of-sale (POS) terminal.

“We believe this new service will help increase the use of cashless payments technology by businesses which would further lower the infrastructure cost for merchants and support the growing demand of electronic payments in the country,” he said at the launch of Tap2Phone here today.

Tap2Phone, supported by the latest Android-based smartphones equipped with near-field communication and trusted execution environment technologies, is aimed at facilitating credit, debit and prepaid card payments.

Merchants will simply have to download and launch the Tap2Phone application on their smartphones and customers can tap their card to the merchant’s phone to make payments.

It accepts all contactless payments for transactions of RM250 and below.

Visa country manager for Malaysia Ng Kong Boon said the firm sees huge opportunities for cash displacement amongst small businesses and merchants.

“Business transactions today are still mostly on cash but contactless transactions in Malaysia are becoming increasingly popular, with four out of ten Visa transactions being contactless,” he said.

Given Malaysians are familiar with using contactless payments, Visa believes both merchants and consumers would adopt the low cost and simple solution, he added.
https://www.nst.com.my/business/2019...unch-tap2phone
__________________
Malaysia Photo Gallery - Click Here for Malaysia Galleries
City & Town - | Kuala Lumpur | Penang | Johor Bahru |
Malacca | Putrajaya | Cyberjaya | Langkawi
Alor Setar, Ipoh, Johor Bahru, Kangar, Kota Bahru, Kota Kinabalu, Kuantan, Kuala Terengganu, Kuching, Seremban, Shah Alam, etc!
nazrey no está en línea   Reply With Quote
Sponsored Links
Advertisement
 
Old July 12th, 2019, 04:30 AM   #2
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 95,397
Likes (Received): 14790

Mavcap-backed Katsana aims for 240,000 users by year-end in Malaysia and Indonesia
By Ayisy Yusof - July 8, 2019 @ 2:39pm



Katsana Holdings Bhd chief executive officer Syed Ahmad Fuqaha Syed Agil says the company expects to reach up to 10 million registered drivers regionally for DriveMark. NST picture by Hafiz Sohaimi.
Quote:
KUALA LUMPUR: Katsana Holdings Bhd has targeted to become a leading drivers behaviours’ scoring service provider in Southeast Asia in the next five years, leveraging on its “DriveMark” mobile application.

Its chief executive officer Syed Ahmad Fuqaha Syed Agil said the company expects to reach up to 10 million registered drivers regionally for DriveMark.

The app will create a safer driving behaviour, while rewarding drivers with fuel and Touch N Go rebates as well as discount for motor insurance renewal, he said.

“Currently we have partners with insurance companies - Etiqa Insurance, Etiqa Takaful and Allianz Malaysia. We also have five more insurance companies expected to join us by end of this year,” Fuqaha told the New Straits Times in an interview recently.

“DriveMark is an application that evaluates driving behaviours including speed, acceleration, cornering, braking and monitor drivers’ fatigue level,” he added.

DriveMark is also capable of tracking and scoring driving behaviours, which are relevant in line with the risk-based insurance model by detecting risky driving patterns.

Katsana, a Bumiputera data company, was established in 2014.

It has three investors namely Axiata Group Bhd, Malaysia Venture Capital Management Bhd (MAVCAP) and Johor Corp via their investment entity called Axiata Digital Innovation Fund (ADIF).

Katsana also provides innovative products for personal users, fleet management and insurers – with services such as big data and predictive analysis, global positioning system (GPS) tracking services, and remote control of motor vehicles.

Fuqaha said DriveMark also allows drivers to prove to insurers that they are low-risk drivers, enabling them to potentially lower their insurance premiums by up to 15 per cent.

“We currently have about 70,000 registered drivers for DriveMark and 600 drivers in Indonesia. We have targeted to reach 140,000 and 100,000 registered drivers in Malaysia and Indonesia respectively by this year end,” he added.

Katsana had provided its technology in Kazakhstan for over 900,000 drivers to evaluate their driving behaviours.

Malaysia was previously ranked in top 18 globally for road fatalities per 100,000 citizens between 2016 and 2017.

Fuqaha said Katsana has two business segments comprising the hardware GPS tracker and drivers’ behaviour scoring application.

He said Katsana had been providing GPS tracker system mainly for the fleet management companies in Malaysia including bus operators, taxis, hauliers as well as transportation and logistics services providers.

The company is aiming for a revenue of RM8 million this year.

“We have about 36 workforce in Malaysia and aims to expand our presence in Indonesia, Thailand and Vietnam in the next few years to strengthen our position.

“We also work with established companies to build our software and application with Petronas, Plus and Touch N Go to reach wider customers base,” Fuqaha said.
https://www.nst.com.my/business/2019...-and-indonesia
__________________
Malaysia Photo Gallery - Click Here for Malaysia Galleries
City & Town - | Kuala Lumpur | Penang | Johor Bahru |
Malacca | Putrajaya | Cyberjaya | Langkawi
Alor Setar, Ipoh, Johor Bahru, Kangar, Kota Bahru, Kota Kinabalu, Kuantan, Kuala Terengganu, Kuching, Seremban, Shah Alam, etc!
nazrey no está en línea   Reply With Quote
Old July 12th, 2019, 05:39 PM   #3
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 95,397
Likes (Received): 14790

Local waqf sets to move into digitalisation
By Farah Adilla - July 12, 2019 @ 7:50pm
Quote:
KUALA LUMPUR: Waqf sector in Malaysia is now set to move towards digitalisation and financial technology (FinTech) inclusion, said Minister in the Prime Minister’s Department Datuk Seri Dr Mujahid Yusof Rawa.

He said while working on the Waqf Act, the government is also working with experts in the information technology (IT) space to discuss the possibility to incorporate waqf with artificial intelligence (AI) and blockchain.

Recent developments in the digital economy, Mujahid said, can play a crucial role in addressing the issue of transparency and trust in implementation of waqf.

“We are taking into consideration all these as our components in the Act. As it involves money, we need a regulatory body to manage it.

“Together with this regulation, we are also moving towards the digitalisation and using blockchain technology and AI, within our Islamic agencies,” he told reporters after the launch of waqf report by World Bank, International Centre for Education in Islamic Finance (INCEIF) and International Shari’ah Research Academy for Islamic Finance (ISRA), here, today.

Mujahid said currently, there is a lack of professional management culture among waqf administrators, and the lack of transparency in managing waqf funds in a number of jurisdictions.

Another critical challenge is the collection of cash waqf through online platforms as there is still no regulatory framework to ensure transparency and integrity of such collections vis-à-vis the stakeholders.

“We, the policy maker, in addition to the establishment of JAWHAR which collaborates with the State Religious Councils on zakat, hajj and waqf, would continue to work on building the ecosystem that encourages and nurtures the waqf development,” he said.

Meanwhile, World Bank Group Representative to Malaysia and country manager Dr Firas Raad said achieving the sustainable development goals by 2030 will require an estimated US$5 trillion to US$7 trillion of annual investment across sectors and industries.

He said with just 11 years left to the 2030 deadline, waqf structures can play an important role to bridge financing gaps.

“At the World Bank, we therefore see a role for waqf institutions in our efforts to achieve the Twin Goals of eradicating extreme poverty and boosting shared prosperity.

“We are happy to partner with the Malaysian government in unleashing the full potential of waqf solutions to promote greater sustainable development,” he said.
https://www.nst.com.my/business/2019...digitalisation
__________________
Malaysia Photo Gallery - Click Here for Malaysia Galleries
City & Town - | Kuala Lumpur | Penang | Johor Bahru |
Malacca | Putrajaya | Cyberjaya | Langkawi
Alor Setar, Ipoh, Johor Bahru, Kangar, Kota Bahru, Kota Kinabalu, Kuantan, Kuala Terengganu, Kuching, Seremban, Shah Alam, etc!
nazrey no está en línea   Reply With Quote
Sponsored Links
Advertisement
 
Old July 15th, 2019, 08:08 PM   #4
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 95,397
Likes (Received): 14790

MNC Wireless' e-commerce platform to buy and sell gold
By Amir Hisyam Rasid - July 15, 2019 @ 8:59pm



MNC Wireless executive director Christopher Tan Chor How consumers will soon be able to buy physical gold in fractions, via a mobile gold retail platform at international gold spot price plus a one per cent fee.
Quote:
KUALA LUMPUR: Consumers will soon be able to buy physical gold in fractions, via a mobile gold retail platform at international gold spot price plus a one per cent fee.

MNC Wireless Bhd has inked a memorandum of understanding (MoU) with Urban Setup Sdn Bhd to bring the platform to the masses.

The e-commerce retail platform, slated to be launched by end 2019, allows consumers to buy physical gold via the mobile application with a minimum fraction value of one sen.

MNC executive director Christopher Tan Chor How said the platform will enable gold bullion purchase to be accessible to the masses. This allows investors to buy, sell or redeem and have them delivered to desired location, thereby giving end to-end solution.

"Gold that is already out in the market is marked up in prices. This platform enables users to accummulate physical gold at a really more competitive price.

"This form of savings is transparent, secured and convenient," he said at the MoU signing ceremony.

Tan said the gold bullion trading industry size in Malaysia was RM10.7 billion in 2017, estimated to be RM12.4 billion in 2018 and RM15.8 billion in 2019.

The forecast was at a staggering RM25.6 billion in 2021, according to the Federation of Goldsmiths and Jewellers Association of Malaysia, he added.

"These encouraging exponential growth of trading volume would provide a strong demand for our gold e-commerce platform,” he said.

Urban director Datuk Azrulnizam believes in the prospect of ecommerce for physical gold via a financial technology platform that promotes overall positive economy imprint.

“We believe our inexpensive and competitive pricing structure will benefit the ‘rakyat’ for the simple fact that purchase price is based on international gold spot live prices without worrying about procuring counterfeit as the platform only receives bullion directly from internationally established bullion refiners,” he said.

MNC is a specialised digital technology solution provider, listed on ACE Market of Bursa Malaysia.

It is involved in the development of information communication technology solutions, mobile application, social media applications development and management, mobile messaging platform and mobile billing platform.
https://www.nst.com.my/business/2019...-and-sell-gold
__________________
Malaysia Photo Gallery - Click Here for Malaysia Galleries
City & Town - | Kuala Lumpur | Penang | Johor Bahru |
Malacca | Putrajaya | Cyberjaya | Langkawi
Alor Setar, Ipoh, Johor Bahru, Kangar, Kota Bahru, Kota Kinabalu, Kuantan, Kuala Terengganu, Kuching, Seremban, Shah Alam, etc!
nazrey no está en línea   Reply With Quote
Old July 16th, 2019, 08:15 PM   #5
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 95,397
Likes (Received): 14790

Malaysia’s fintech savings platform HelloGold
South East Asia's first mobile gold savings platform
https://www.hellogold.com/th/home/
Quote:
Malaysia’s fintech savings platform HelloGold is entering Africa with leading digital financial inclusion group Baobab as a partner.

HelloGold and Baobab will jointly develop products for the latter’s 800,000 strong customers across nine countries in the continent.

HelloGold’s products revolve around a unique business model which allows users to buy and sell gold and eventually other financial assets through an app where the physical gold placed in secure, insured vaults in Singapore and soon in Dubai, can be used for both savings and as collateral for loans.

With a strong presence in Southeast Asia, HelloGold recently launched in Thailand and plans to expand into Indonesia and the Middle East in 2019.
https://www.nst.com.my/business/2019...nine-countries
__________________
Malaysia Photo Gallery - Click Here for Malaysia Galleries
City & Town - | Kuala Lumpur | Penang | Johor Bahru |
Malacca | Putrajaya | Cyberjaya | Langkawi
Alor Setar, Ipoh, Johor Bahru, Kangar, Kota Bahru, Kota Kinabalu, Kuantan, Kuala Terengganu, Kuching, Seremban, Shah Alam, etc!
nazrey no está en línea   Reply With Quote
Old August 16th, 2019, 12:37 PM   #6
nazrey
Registered User
 
nazrey's Avatar
 
Join Date: Sep 2003
Posts: 95,397
Likes (Received): 14790

Petron partners with BookDoc in reward programme
Chester Tay August 15, 2019 17:35 pm +08


https://img.astroawani.com/2015-11/5...45_bookdoc.jpg
Quote:
KUALA LUMPUR (Aug 15): Petron Malaysia Refining & Marketing Bhd is teaming up with online healthcare platform BookDoc to be the latter’s Activ Reward partner.

In a joint statement today, both parties said for a daily average of 10,000 steps a month, BookDoc users can redeem 450 Petron Miles points (equivalent to RM5).

They said users are required to pump at least RM50 at any Petron station to claim the points.

“We are excited to partner with BookDoc to fuel more excitement for its users by offering more benefits and rewards through the Petron Miles program just by keeping a healthier lifestyle,” Petron Malaysia’s head of retail and commercial business Choong Kum Choy said.

BookDoc’s founder and chief executive officer Datuk Chevy Beh said the partnership will benefit users of the application.

“We are the largest integrated health-care platform in South-East Asia with operations in five countries namely Malaysia, Singapore, Hong Kong, Thailand, and Indonesia. Currently, there are over 40,000 healthcare professionals registered with us.

“BookDoc incentivises healthy lifestyle by rewarding our users for being active and collaborates with more than 100 reward partners in 12 countries. The rewards are redeemable at 1,600 offline and online locations. BookDoc motivates users to live a healthier life while being rewarded,” Beh said.

BookDoc’s Activ rewards its users according to their average daily steps. It is able to sync with other health applications such as Apple Health, Samsung Health, Google Fit, Fitbit, and Garmin, enabling users to keep track of their daily exercise and get rewarded accordingly.
https://www.theedgemarkets.com/artic...ward-programme
__________________
Malaysia Photo Gallery - Click Here for Malaysia Galleries
City & Town - | Kuala Lumpur | Penang | Johor Bahru |
Malacca | Putrajaya | Cyberjaya | Langkawi
Alor Setar, Ipoh, Johor Bahru, Kangar, Kota Bahru, Kota Kinabalu, Kuantan, Kuala Terengganu, Kuching, Seremban, Shah Alam, etc!
nazrey no está en línea   Reply With Quote
Sponsored Links
Advertisement
 


Reply

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Economic & Development News | Икономика JloKyM Economy and Tourism 14355 Today 11:58 AM
Chennai | Technology-R&D | E-Commerce | Startup updates Fusionist Chennai 5618 Today 03:35 AM
ALGIERS - Street life, Urban life, Nightlife, Beach life, Everything life!! Kameel02 Cityscapes and Skyline Photos 776 July 26th, 2019 10:19 AM
Expo & Shows gms Économie et développement 255 June 25th, 2019 10:01 PM
Startup New Business Thailand atom Urban Discussions 0 December 2nd, 2018 01:21 AM


All times are GMT +2. The time now is 12:01 PM. • styleid: 14


Powered by vBulletin® Version 3.8.11 Beta 4
Copyright ©2000 - 2019, vBulletin Solutions Inc.
vBulletin Security provided by vBSecurity v2.2.2 (Pro) - vBulletin Mods & Addons Copyright © 2019 DragonByte Technologies Ltd.
Feedback Buttons provided by Advanced Post Thanks / Like (Pro) - vBulletin Mods & Addons Copyright © 2019 DragonByte Technologies Ltd.

SkyscraperCity ☆ In Urbanity We trust ☆ about us