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Malaysia switches on real-time payments platform

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 Insights

14-Jan-19 Malaysian consumers can now conduct instant P2P payments using just the recipient's mobile phone, passport or identity card number, with the go-live of the country's Real Time Payments platform Payments Network Malaysia (PayNet), powered by ACI Worldwide. [image: Finextra]

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Alipay now has over 1 billion users worldwide

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 Insights

10-Jan-19 Worldwide users of Alipay, China’s leading online payment platform, have exceeded one billion. Alipay’s Ant Financial Services Group said it had cooperated with nearly ten major overseas smart payment companies, which contributed to its growth in user numbers. [image: Alipay]

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Massive market for cross-border P2P payment

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 Insights

08-Jan-19 The market for cross-border person-to-person remittances was worth USD689 bn in 2018, more than Saudi Arabia's GDP. It is experiencing double-digit growth as people migrate in search of economic opportunities or to escape political upheaval in their home country. [image: The World Bank / PaymentsSource]

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Malaysia announces free national health insurance for the low income

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 Insights

28-Dec-18 The Malaysian government announced a free national health insurance scheme for the bottom 40% of the population, called B40 National Protection Scheme. From 1-Jan-19, it will provide coverage against 36 critical illnesses with payouts of up to MYR8,000 (USD1,944). [image: Lua Jiamin / Mediacorp]

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Southeast Asia’s rising wealth

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 Insights

18-Dec-18 Southeast Asia is coming into its own as a key market for anything from cars to computers. But tens of millions still have no bank account. Demand for savings plans, insurance and banking still has lots of room to grow. [image: HSBC]

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