Indonesia-Malaysia Cross-Border QR Payment Further Strengthens Regional Payment Connectivity in ASEAN
Aims to promote faster, cheaper, more transparent, and more inclusive cross-border payments, particularly benefiting micro, small, and medium enterprises. Expected to strengthen economic ties between Indonesia and Malaysia, support a stronger post-pandemic economic recovery, and provide greater convenience for travelers.
DuitNow-NETS QR is connected for travellers to make payments Person-to-person fund transfers & remittances ready by year-end
BNM expects sustained domestic demand & spending to continue anchoring growth Pikom sees need to be cautious over strong and sustained headwinds in months ahead
Real-time transactions unlocked US$394mil of additional economic output e-Payment adoption key focus area in Financial Sector Blueprint 2022-2026
With encouragement from PayNet, Hong Leong Bank enables cashless kampung Eye opener for HLB, realisation of need to be on ground when promoting digital
Top two will receive US$33k from 1337 Ventures 50% filling fintech gaps, balance looking at financial issues Startups innovating through financial services and digitalisation of financial solutions make up the 10 finalists shortlisted for the Alpha Startups™ MyFintech Week 2022.
Bank Negara Malaysia issues discussion paper on licensing framework for Digital Insurers and Takaful Operators
Aim is to encourage digital innovation in insurance and takaful sector Discussion Paper explores new business models such as risk-sharing
Underscores commitment to future-proof key payment infrastructures About 1 billion real-time payments estimated to be made in Malaysia in 2021
Extensive internal security investigation clears consumer credit bureau’s systems Suspension ordered on 30 Sept after BNM found credible cyber security threat
First flagship fintech event be held from June 17 to 21, 2019 in Sasana Kijang, Kuala Lumpur.