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Malaysia's central bank plans to issue up to five licences to new online banks offering either conventional or Islamic banking.
Last week was a particularly interesting time in the world of cashless payment, as key e-wallet players revealed new features, a pioneer bid adieu, and another popped up out of nowhere.
The Malaysian Communications and Multimedia Commission (MCMC) is postponing two of its surveys until further notice.
British fintech TransferWise extends its services to Malaysia, allowing customers to transfer money to 83 other countries at lower rates.
MaGIC: An estimated 40% of local tech startups will not survive if the Covid-19 crisis continues after May
Though some startups have been quick to adapt to the movement control order, others are in urgent need of capital injection to stay afloat.
Malaysia's central bank said on March 29 it had detected and foiled an attempted cyberattack and efforts to transfer funds without authorisation using falsified SWIFT messages.
Shoppers without bank accounts or credit cards will still be able to make online purchases using iPay88's new Virtual Account solution.
Need to transfer cash quickly? Banks are now offering free Instant Interbank Fund Transfer (IBFT) in line with Malaysia's central bank policy.