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Illustration of a phone wallet showing a Money+ limit raised from RM20K to RM30K
E-Wallets
October 21, 2026 FinDeskAsia

ShopeePay Raises Money+ Limit to RM30,000, Above Touch ’n Go’s GO+ Cap

ShopeePay has lifted the Money+ holding limit by 50% to RM30,000 at no cost, overtaking the RM20,000 cap on TNG’s GO+. Here is how the Shariah-compliant fund feature works, what the 5% promo really pays, and what savers should watch.

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Red Notice illustration: globe, notice document and magnifying glass
Regulatory
October 20, 2026 FinDeskAsia

Interpol Issues Red Notice for Serba Dinamik Founder Abdul Karim, Says Anwar

Prime Minister Anwar Ibrahim says Interpol has issued a Red Notice for Datuk Mohd Abdul Karim Abdullah, who is wanted by the Securities Commission over an alleged false statement to Bursa Malaysia involving Sarawak Consolidated Industries. Here is what we know.

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Illustration of an overseas bank card linked to a phone wallet with a VAT refund badge, for China inbound payments
Cross-Border & Remittance
October 20, 2026 FinDeskAsia

China: Mastercard and JD.com Let Visitors Pay With Home Cards and Get Tax Refunds Early

Foreign visitors to mainland China can now link overseas-issued cards to JD Pay and receive an advance on their VAT refund before departure, the first services under Mastercard and JD.com’s May 2026 partnership. Here is how it works and why it matters for inbound travel.

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Illustration of a buy now, pay later instalment card with rising bar chart and 3.3% arrears marker
Regulatory
October 20, 2026 FinDeskAsia

Malaysia’s BNPL Users Hit 9.2 Million as Spending Reaches RM14.7 Billion in Six Months

Malaysia had 9.2 million active buy now, pay later accounts at end-June 2026, with RM14.7 billion spent in six months and RM6.6 billion outstanding. About 70% of users are lower-income, and the Consumer Credit Commission now requires affordability checks before approval.

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Illustration of a QR code linked to Malaysia, Singapore, India, Taiwan and China payment networks from Vietnam
Cross-Border & Remittance
October 20, 2026 FinDeskAsia

Vietnam Pushes QR Links With Malaysia, Singapore and India as Reach Tops 60 Markets

Vietnamese travellers can now pay by QR code in more than 60 countries and territories. The State Bank of Vietnam says direct bank-to-bank QR links are live with China and being promoted with Singapore, Taiwan, India and Malaysia, as tourism drives demand for cheaper cross-border payments.

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Illustration of a Malaysian sundry shop with a POS terminal, stocked shelves and a verified e-invoice
POS & Merchant Solutions
October 20, 2026 FinDeskAsia

Khee San Plans POS, e-Invoicing and Group-Buying Platform for Malaysia’s Sundry Shops

Bursa-listed Khee San has signed an MoU with the national sundry goods traders’ federation to build a shared platform for kedai runcit, combining point-of-sale software, e-invoicing tools and a group-buying hub, with a six-month pilot planned before a wider rollout.

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Illustration of a phone showing the Selangor NINE super app with e-wallet, parking, transport and bill icons
E-Wallets
October 19, 2026 FinDeskAsia

Selangor’s NINE Super App Rolls E-Wallet, Parking and Transport Subsidy Into One

Selangor has officially launched NINE, a state-run super app with its own e-wallet for parking, bill payments and the RM30 monthly transport subsidy. It is now the state’s only official super app, and users of the older CEPat app are being moved over before it closes on 31 December.

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Illustration of a lending app on a phone beside coins and a motorcycle, for Salmon’s US$140 million Philippines funding
Company News
October 19, 2026 FinDeskAsia

Philippines’ Salmon Raises US$140 Million to Scale App Credit and Motorcycle Loans

Manila-based Salmon, which runs a BSP-licensed rural bank, has secured US$140 million in investor commitments and bond proceeds to expand its credit line and in-store lending and to launch motorcycle and small-business loans across the Philippines.

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Illustration of a self-service contactless payment terminal with a card and phone
POS & Merchant Solutions
October 19, 2026 FinDeskAsia

Bank Rakyat and Paysys Install First Unattended Payment Terminal at KL Headquarters

Bank Rakyat and Paysys by NTT DATA have deployed their first unattended payment terminal at Menara Kembar Bank Rakyat in Kuala Lumpur, letting customers pay cashless without staff. Here is what self-service payments mean for Malaysian consumers, SMEs and banks.

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Illustration of three bank buildings linked to a single gold yen coin and a globe, representing a jointly issued yen stablecoin for cross-border payments
Cross-Border & Remittance
October 19, 2026 FinDeskAsia

Japan’s Megabanks Complete Joint Yen Stablecoin Pilot for Cross-Border Payments

Mizuho, MUFG and SMBC have tested a single, jointly issued yen stablecoin to settle payments between Mitsubishi Corporation and its overseas offices. Backed by Japan’s Financial Services Agency, the banks now aim for live commercial transactions before the end of March 2027.

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