Category

e-commerce

E-Money License Granted: Grab Malaysia “Grabs” a Piece of the Payments Pie

Southeast Asia’s leading ride-hailing app Grab has obtained regulatory approval from Bank Negara Malaysia to launch its mobile payment service in Malaysia following it’s earlier approval from the Singaporean authorities. This move is mirrored by it’s Indonesian counterpart Go-Jek who is also making a foray into the payments market. GrabPay will be rolled out in…

Crypto-mining marketplace gets breached, Bitcoin funds stolen

NiceHash, a crypto-mining marketplace, has published a statement on social media announcing that hackers breached its site and stole all the Bitcoin from its main wallet. The incident appears to have taken place on December, 5, according to BeepingComputer, and many users complained about losing Bitcoin from their NiceHash wallets. At press time, the company’s…

Tokyo Financial Exchange to launch Bitcoin futures

Tokyo Financial Exchange has formed a working group as part of an early effort to start listing futures contracts based around Bitcoin cryptocurrency, according to Bloomberg News. Cited by CoinDesk, this would constitute a first step toward pushing for a change in Japanese national law that would clear the runway for a Bitcoin future. The disclosure…

Send and receive PayPal money with Facebook Messenger

Facebook Messenger is more than just an instant messaging app now; it has transformed into a peer-to-peer  (P2P) payment channel, thanks to the partnership between Facebook and PayPal. Available in the U.S. from October 20, people can send and request money using their PayPal account without leaving the Messenger app. To make a payment, people…

Bitcoin Bubble Burst lets you know in advance if the bitcoin bubble is bursting

From its initial worth of only about USD$0.08 (RM0.33) a unit, the price of bitcoin has risen to an all-time high of over US$10,000. With this rise, more and more people, believers and skeptics alike, are preparing for the inevitable burst of the Bitcoin bubble. If you’ve sworn allegiance to the former camp, then you…

Apple Pay Cash launches to iPhone users in US

Apple Pay Cash has started to be rolled out in the US, allowing iOS users to send payments directly through iMessage. The solution was announced in June 2017, the company adding ahead of iOS’s launch that the feature would be available this fall with an update to iOS 11 and watchOS 4. The new feature allows…

Cover – Your smartphone fixing plan at only RM 90 for 6 months

COVER if your smartphone fixing plan at the price of Only RM 90 for 6 months, it equivalent to as low as RM 0.50 a days. Smartphone is an essential gadget for every one nowadays, you may forget to bring your wallet, house key, or car key with you, but you may not bringing your…

Malaysia’s Wallet Wars Rages On: WeChat Pay Secures First Banking Partner

Following Tencent’s recent success in securing E-Money license from Bank Negara Malaysia, the company’s payments arm WeChat Pay has received the green light from Bank Negara Malaysia to partner up with Hong Leong Bank. Similar to Alipay’s game plan, WeChat Pay will also be initially focused on Chinese tourists visiting Malaysia to gain traction and…

MOLPay, iPay88 to introduce Digi’s vcash e-wallet as payment option

DIGI Telecommunications Sdn Bhd (Digi) has inked agreements to appoint online payment networks MOLPay and iPay88 as partners for its mobile payment service vcash.   Under this agreement, vcash will be made available as a payment option for merchants under MOLPay and iPay88’s online payment gateway networks, enabling customers to transact using vcash with thousands…

Prudential teams up with SFA to offer fintech startups free coverage for a year

TO SUPPORT fintech entrepreneurs in strengthening their safety net and managing risk better, Prudential Singapore (Prudential) is partnering with the Singapore Fintech Association (SFA) to offer its members complimentary Group Personal Accident coverage for a year.   This initiative is targeted at supporting young startups established in Singapore within the last five years. Such companies…