We are proud to share that our CEO, Eng Sheng Guan, has been shortlisted for the ASEAN’s 50 Finest Fintech Founders at the Fintech Frontier 50. From pioneering Malaysia’s early e-commerce infrastructure to scaling Fiuu into a payment gateway company processing over US$9.8 billion in TPV, his journey has always been rooted in grit, trust, and delivering real impact.

Cast your vote now before 27th June 2025 and help him bring this honor home:
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We’ve joined hands with PERKESO to support their digital transformation journey by streamlining contributions and enhancing payment accessibility across multiple channels. This collaboration marks a meaningful step forward in bringing secure, user-friendly payment services to public institutions. It’s a worth to celebrate moment for us to enable digital inclusion for all Malaysians.

Our presence at NRF 2025: Retail’s Big Show APAC was a powerful reminder of how far retail and fintech have evolved together. We connected with retailers across Southeast Asia who are eager to embrace unified commerce, embedded payments, and smarter checkout experiences. The energy was high, the conversations were meaningful, and we’re grateful to everyone who took the time to visit our booth.

Email us at [email protected] to keep revenue steady and secure if you’re running subscriptions, auto-renewals, or any repeat billing model.

Email us at [email protected] and turn your business into a daily destination for your customers.

CONVERGING ON CASHLESS: TAKING THE TNG EWALLET APP ON A SPIN OVERSEAS

Malaysia is rapidly embracing cashless payments, especially e-wallets, a trend accelerated by the pandemic and government-private sector collaborations. E-money transactions, largely from e-wallets, now constitute a significant portion of all e-payments, with over 2.6 million merchants accepting them. The Touch ‘n Go eWallet has been instrumental, expanding its reach to include cross-border payments for Asean travelers and through partnerships in countries like Japan. This initiative enhances digital inclusivity, extending services to SMEs and offering diverse travel features, fostering a more convenient and secure financial ecosystem.

SINGAPORE’S BANKING HUB HAS A CORNER WHERE CASH IS STILL KING

Singapore’s banking hub still has a corner where cash remains the preferred choice, especially among hawkers and older merchants who value its simplicity and immediacy. Despite efforts to promote digital payments through e-payments, SGQR, and fee waivers, many stallholders find cash more reliable due to poor eyesight, limited digital literacy, and concerns over transaction errors. While digital adoption grows, this group continues to rely on cash for ease of use and familiarity, highlighting the need for more inclusive and accessible fintech solutions.

MALAYSIA’S YOUTH MINISTER FLAGS WORRYING RISE IN YOUTH BANKRUPTCIES, BLAMES ‘BUY NOW, PAY LATER’ AND DIGITAL SPENDING

Malaysia’s Youth and Sports Minister, Hannah Yeoh has raised alarm over a surge in youth bankruptcies, with 877 cases among individuals aged 18 to 40 in 2024 compared to 727 in 2023. The increase is linked to easy access to online shopping and buy-now-pay-later schemes, while low financial literacy among young people exacerbates debt accumulation. A survey by Spay Later shows that most users rely on BNPL for managing expenses rather than discretionary spending.