Singapore’s central bank has granted merchant payments firm KPay a Major Payment Institution licence, three months after in-principle approval. KPay is adding online payments, digital invoicing and an F&B point-of-sale system, and says Singapore will be its template for wider Asia-Pacific growth.
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Tourism Malaysia has signed an MoU with Ant International’s Alipay+ to bring an AI travel agent, travel subsidies and DuitNow-linked savings into the e-wallets foreign visitors already use, aiming to spread tourist spending to SMEs beyond the main hubs ahead of Visit Malaysia 2026-2027.
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Thai fintech Salary Hero has raised a US$7.6 million Series A and expanded its credit line to US$10 million as it scales earned wage access in Malaysia, aiming to sign 50 corporate partners by the end of 2027.
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Malaysian supply chain finance platform CapBay says it has now channelled more than RM6 billion to over 2,700 SMEs in ten years, as Budget 2027 adds RM270 million in co-investment funds and extends cheap stamp duty for P2P financing.
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Bank Negara Malaysia’s Project STREAM will move banks, insurers and payment providers from Excel templates to automated API-based reporting, starting with deposits, payments and derivatives data in late 2028. Here’s what changes and why it matters.
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