EMPOWERING GROWTH AND CELEBRATING NEW HORIZONS WITH FIUU’S COMPREHENSIVE PAYMENT SOLUTIONS
Dear Valued Merchants and Partners,
As 2024 draws to a close, we at Fiuu extend our warmest holiday greetings to all our merchants and partners. Throughout this year, we have strived to empower businesses across Southeast Asia with comprehensive, seamless payment solutions, helping you thrive in an ever-evolving market.
As the festive season brings joy and renewal, ensure you start the new year equipped for success. Explore our comprehensive payment methods in the Online and Offline Channels tables at the bottom of this newsletter, crafted to meet the needs of your customers across Southeast Asian markets. For more information, you can reach out to your dedicated account manager or visit fiuu.com.
COMPANY NEWS
FIUU LAUNCHES VISA INSTALMENT SOLUTIONS IN MALAYSIA, SINGAPORE, AND THE PHILIPPINES
Fiuu partnered with Visa to enable Visa Instalment Solutions (VIS) for businesses in Southeast Asia. This issuer-led Buy Now Pay Later service enables businesses to offer real-time instalment payment options, enhancing customer flexibility and driving sales. Several leading merchants, like Samsung, Electrolux, BWL Group, and more, have adopted VIS through Fiuu, improving the shopping experience.
“VIS represents a significant advancement in our commitment to innovation in payment solutions. Collaborating with Visa allows us to empower merchants and customers alike with flexible payment options, enhancing the overall shopping experience,” said Eng Sheng Guan, CEO of Fiuu.
FIUU: LEADING THE CHARGE IN TRANSFORMING MALAYSIA’S PAYMENTS LANDSCAPE WITH REAL-TIME PAYMENT SOLUTIONS
Fiuu, a leading non-bank acquirer in Malaysia since 2005, is transforming the nation’s digital payments landscape by addressing challenges like high transaction fees and fragmented systems. By integrating with PayNet’s Real-Time Retail Payments Platform (RPP), Fiuu offers businesses cost-effective, real-time payment solutions that enhance operational efficiency and cater to diverse customer preferences while ensuring seamless, scalable, and future-proof payment processing for businesses.
SEAMLESS TRANSACTIONS WITH TAIWANESE PREFERRED PAYMENT OPTIONS
[TAIWAN] Taiwan’s vibrant payment ecosystem empowers businesses to provide seamless payment solutions tailored to local customer preferences. Through Fiuu, businesses can access options like cash over the counter at 7-Eleven, Family Mart, and Hi-Life, ATM/Virtual Accounts, card payments, and e-wallets such as LINE Pay. Aligning your business’s payment capabilities with these methods simplifies operations and fosters trust among local customers.
Email us at [email protected] to unlock new possibilities and provide seamless payments for your customers.
OFFER MORE, EARN MORE WITH VALUE-ADDED SERVICES FOR YOUR CUSTOMERS' CONVENIENCE
[MALAYSIA] Unlock new revenue streams with our additional value-added services. Your businesses can offer services like telco/e-wallet reloads, utility bill payments, international airtime, game pins, and productivity tools directly to your customers. These services increase customer retention and engagement while diversifying your income sources and providing the convenience your customers prefer.
Email us at [email protected] to position your business as a one-stop destination for various needs with these value-added services.
INDUSTRY NEWS
WILL SINGAPORE REALISE ITS TOKENISATION DREAMS?
Singapore is embracing tokenization to transform its financial ecosystem, with the Monetary Authority of Singapore (MAS) leading initiatives like Project Guardian to explore its potential in capital markets. Tokenization is being positioned as a tool to digitize real-world assets, improving efficiency, liquidity, and accessibility in areas such as fixed income and investment funds. By establishing regulatory frameworks and conducting industry trials, Singapore aims to pioneer the adoption of tokenization in global finance.
5 KEY HIGHLIGHTS FROM THE PHILIPPINES FINTECH REPORT 2024
The fintech landscape in the Philippines is rapidly evolving, with over 300 companies driving innovation across various sectors. The country has surpassed its 2023 goal of digitizing 50% of retail payments, achieving 52.8% by the end of last year. Despite the emergence of digital banks since 2021, only two of the six licensed entities have reached profitability, indicating ongoing challenges in the sector.
CRITICAL VULNERABILITY IN WORDPRESS REALLY SIMPLE SECURITY PLUGIN
A critical vulnerability (CVE-2024-10924) was discovered in the Really Simple Security plugin for WordPress, affecting versions 9.0.0 to 9.1.1.1. The vulnerability, with a CVSSv3.1 score of 9.8, allows unauthenticated attackers to bypass authentication and access any account, including administrator accounts, even with two-factor authentication enabled. Users are urged to update to the latest version to mitigate this security risk.
Hackers can compromise your home router, infect it with malware, and turn it into a botnet to launch cyberattacks, such as DDoS attacks. To protect your router, change the default password to a strong, unique one, enable automatic firmware updates, disable remote access, and reboot it regularly. If your router is compromised, reset it to factory settings and reconfigure it with secure settings. These steps help safeguard your network and sensitive information from potential cyber threats.
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