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The Malaysian Electronic Payment System (MEPS) is an interbank network service provider in Malaysia. In August 2017, MEPS merged with Malaysian Electronic Clearing Corporation Sdn Bhd (MyClear) to form Payments Network Malaysia Sdn Bhd (PayNet).
Merchantrade Asia (Merchantrade) is a financial service company based in Malaysia. The company's business is centered on international money transfers, foreign currency exchange, wholesale banknotes, digital payment processing and mobile telecommunications. [1] They also introduced microinsurance as part of their service offerings. [2]
Digi Telecommunications launched vcash on 10 November 2017 in collaboration with Valyou Sdn Bhd, an e-cash issuing company authorized by the Central Bank of Malaysia. It was one of the first e-wallets in Malaysia. [4] Despite being a Digi product, user registration and usage of this service was opened to both Digi and non-Digi customers. [1]
Payments Network Malaysia Sdn Bhd (PayNet) is the national payments network and shared central infrastructure for Malaysia’s financial markets. It was formed from the merger between the Malaysian Electronic Payment System (MEPS) and Malaysian Electronic Clearing Corporation Sdn Bhd (MyClear) on 1 August 2017. [ 1 ]
Touch 'n Go eWallet was one of the three e-wallet services in Malaysia (the other being Boost and GrabPay) that was eligible for its users to receive an RM30 stimulus plan as part of the E-Tunai Rakyat program under the Budget 2020 plan, which encourages the adoption of cashless and mobile payment in Malaysia. [29]
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TrueMoney has offices in Thailand, Vietnam, Cambodia, Myanmar, Indonesia and the Philippines. TrueMoney has licenses to operate e-money in almost every Southeast Asian country. [4] As the flagship venture, Thailand's TrueMoney counts Google [5] and Alipay [6] as partner payment platforms.
Malaysia will require social media services to apply for a license if they have more than 8 millon users in the country from August 1, in an attempt to combat increasing cyber offences, said the ...