NEXEA, MDEC launch Entrepreneurs Programme to help Malaysian companies explore business opportunities
Malaysia-based NEXEA Angels has partnered with the Malaysia Digital Economy Corporation (MDEC) to launch a programme called “Entrepreneurs Programme”, according to DigitalNewsAsia.
The goal of the programme is to offer peer-to-peer learning for CEOs of local startups to find a solution to their business issues. It will include mentoring support from experienced individuals in the business industry as part of its monthly full-day meetings.
“In the Entrepreneurs Programme, we have seasoned entrepreneurs with successful track records, as mentors, to provide guidance and other support to programme participants,” said NEXEA Managing Partner Ben Lim.
The programme has 20 startup CEOs enrolled and is looking to fill in more applicants.
Soft Space first joins Visa’s fintech programme in Malaysia
Soft Space is joining Visa’s Fintech Fast Track programme in Malaysia.
The programme allows fintech partners to build and deliver new commerce experiences on Visa’s payments network.
Kuala Lumpur-based Soft Space develops innovative payment services for the banking and financial industry.
As part of the programme, the two companies will work together to offer startups and technology companies the opportunity to work with Soft Space to launch Visa prepaid card products in Malaysia.
This solution is introduced through Soft Space’s subsidiary, Fasspay, which is an e-money license holder regulated by Malaysia’s central bank BNM.
Manila city, GCash partner to help taxis shift to cashless payments
The Department of Transportation Manila has partnered with GCash to help equip taxis with scan-to-pay systems to ramp up precautionary measures for COVID-19, according to ABS-CBN.
“Digital payments will limit direct physical contact between drivers and passengers thus reducing the chance of spreading COVID-19”, the department said.
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G-cash is a Malaysian startup providing mobile payment services along with telecommunication services in the region.
Payment platforms like Squidpay, PayMaya and Beep, are also being considered for partnerships by the government.
“Cashless and contactless payment scheme will now be part of the ‘new normal’ in the public transportation system,” Transport Secretary Arthur Tugade said.
Filipino bank EastWest unveils digital banking arm
The Philippines-based East West Banking Corp. has launched Komo, a fully-digital banking platform operating under the group’s rural banking arm, as per a report by The Inquirer
Offered through its fully-owned subsidiary, EastWest Rural Bank, Komo launched a digital savings deposit product carrying an interest rate of 3 percent per annum without any minimum balance.
Komo received approval from Bangko Sentral ng Pilipinas to launch its digital bank services to the public last May 8
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