In a startling revelation, Singaporean authorities have arrested 13 people, including two 15-year-olds, for their alleged involvement in a string of malware scams targeting Android users. The Arrests The suspects were apprehended during an anti-scam…
Bank Negara Malaysia (BNM) and the Monetary Authority of Singapore (MAS) jointly launched a cross-border QR code payment system that allows customers of participating financial institutions to make retail payments by scanning DuitNow QR and…
SETEL, a company that revolutionized the fueling experience at gas stations, is determined to redefine mobility by providing a seamless payment experience for its users throughout their daily journeys. In order to enhance user acceptance…
The Consumer Credit Oversight Board (CCOB) has released its second public consultation paper (CP2) on the proposed regulatory framework for credit businesses in Malaysia. The CCOB is seeking feedback from the public on the proposed…
COVID-19 has had a significant impact on the way we live, work, and shop. As social distancing measures and lock downs force consumers to stay home, digital payments have become an essential tool for businesses…
The digital economy in Southeast Asia is growing at an unprecedented pace, driven by the expansion of e-commerce, the proliferation of mobile devices, and the increasing availability of payment infrastructure. In 2022, the value of…
When it comes to online payments in Malaysia, two popular options are DuitNow and FPX. Both services are operated by Payments Network Malaysia Sdn Bhd (PayNet), the national payments network and central infrastructure provider for…