The burgeoning digital economy led the pandemic recovery in South and Southeast Asia.Heavy smartphone penetration is facilitating digitalization in these regions.Greater government support is needed to advance the digitalization process. Digital transformation worldwide was already increasingly changing how companies make and offer their propositions and interact with their customers. But the COVID-19 pandemic has intensifiedRead more
Communications and Multimedia Minister Tan Sri Annuar Musa is determined to renew cooperation between Malaysia and Indonesia in the field of telecommunications and information to make it more dynamic in line with rapid changes in the technological landscape. He said the scope of cooperation that could be expanded includes 5G technology, satellite services, undersea cables,Read more
Worldline the European leader in the payments and transactional services industry, announced the integration of Alipay+ into its global portfolio. Through the collaboration, Worldline enhances its payment offering for in-store and e-Commerce merchants across Europe, helping them better serve customers through expanded mobile payments and other digital payment methods. Worldline is the first acquirer toRead more
India’s payments and banking platform for businesses Razorpay has acquired a majority stake in a leading Malaysian fintech firm Curlec for an undisclosed amount. The move marks its first international expansion into South-east Asia and fourth acquisition overall, they said in a joint statement today. Razorpay chief executive officer and co-founder Harshil Mathur said itsRead more
Revenue for the services sector in the fourth quarter (Q4) of 2021 grew by 5.3 per cent year-on-year (y-o-y) to RM460 billion with an annual value amounting to RM1.7 trillion, according to the Department of Statistics Malaysia (DoSM). In a statement today, chief statistician Datuk Seri Mohd Uzir Mahidin said the increase in the servicesRead more
The Malaysia Productivity Corporation (MPC) has asked digital economy industry players to take full advantage of the #MyMudah Unit set up at the Malaysia Digital Chamber of Commerce (MDCC) to increase their productivity and business performance. Director-general Datuk Abdul Latif Abu Seman said the national and global economic landscapes have continued to shift in viewRead more
Malaysia is assessing the potential benefits of adopting a digital currency, as part of measures targeted at helping the country’s financial services sector capitalise on the new technologies. “We are going one step further by experimenting with central bank digital currencies (CBDCs) over the next few years,” Bank Negara Malaysia governor Nor Shamsiah Mohd YunusRead more
The President of Malaysia Digital Chamber of Commerce (MDCC), Mr. Chris Daniel Wong, brought a delegation from PEMUDAH and VC/PE industry players in Malaysia to have a dialogue with MIDA.Much had been discussed together on how we can improve policy that will contribute to a better financing eco-system for Start-Ups and Mid Start-Ups as wellRead more
The Malaysia Digital Economy Corporation (MDEC) is collaborating with ASEAN Fintech Group (AFG) to form a strategic partnership to enhance initiatives aimed at scaling up Malaysian fintech companies. In a statement Wednesday (Jan 26), MDEC said the collaborative efforts will focus on three key areas, namely deal flows, fintech ecosystem support and joint amplification. MDECRead more
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