These collaborations aim to accelerate Malaysia’s digital economy through next-generation infrastructure and financial inclusion initiatives, marking a significant step forward in the country’s digital transformation journey.

The digital wallet promises to reduce remittance fees for underbanked employees in the UAE by enabling transfers to up to five people for the price of one.

Futu Holdings Limited announces its expansion into Malaysia with its super investment platform, moomoo, introducing a comprehensive suite of tech-driven offerings to promote financial inclusion.

Join financial inclusion leaders from around the globe to accelerate HER economy!

The partnership will see the launch of two unique card products designed to meet the growing needs of businesses and underbanked individuals, supported by a feature-rich digital app powered by Mastercard’s secure, contactless payment technology.

Banks can draw on the facility to provide new loans and financing to individuals, small and medium-sized enterprises, and other private corporates affected by the virus fallout.

These findings were from a survey to better understand how the COVID-19 pandemic has affected the remittance habits of those living in Malaysia.

The P2P operator provides shariah-compliant and conventional financing from RM1,000 to RM50,000 ( about $233.69 to $1168.43) to microenterprises.