Fintech and payments news from Malaysia.
Bursa-listed Revenue IF has signed a three-year exclusive framework deal with China’s WeSure to build cross-border and insurance payment services in Malaysia, Singapore, Indonesia and Thailand, covering premium collection and claims payouts. No financial terms or launch dates have been disclosed yet.
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Hong Leong Bank has added China QR payments to its HLB Connect app through UnionPay International. Customers can pay at over 120 million UnionPay and Weixin Pay merchants, and spending from a pre-converted yuan balance carries no transaction fees.
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Bank Negara Malaysia and the Bank of Thailand have joined BLOOM, a Singapore-led programme on settling cross-border payments with tokenised deposits and regulated stablecoins. Nothing changes for consumers yet, but Malaysian banks, wallets and exporters could benefit as common regional rules take shape.
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Malaysian payment provider Axaipay and Italy’s Incomedia have launched AxaiCart+, which pairs the WebSite X5 Pro site builder with a ready-connected gateway so small sellers can take cards, FPX, DuitNow QR and e-wallet payments without signing up for a separate processor.
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More than five million Malaysians have used GOfinance, the investment hub inside the TNG eWallet, putting a combined RM3.57 billion into money market funds, digital gold and shares. Here is what the milestone means for consumers, banks and the e-wallet race.
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Bank Negara Malaysia has launched SSDS+, an in-house platform for issuing, holding and settling tokenised bonds and sukuk. Linked to the 24/7 RENTAS+ payment system, it is built to support government and retail bonds, opening a path to smaller, more accessible investments.
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Prasarana expects to pick a vendor for its open payment fare system by end-2026 after a failed first tender. Full rollout on Rapid KL rail could take 30 months from the project start, with Klang Valley buses targeted within 15 months.
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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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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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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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