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Fiuu Achieves Two National Records In Malaysia, Cementing Role As Key Digital Payment Provider For Asean

April 28, 2025

MALAYSIA – 28th April 2025 – Fiuu, the leading fintech platform in Southeast Asia, today announced it has achieved two national records in the Malaysia Book of Records for its performance in 2024: Highest Payment Gateway Sales Value and Largest Payment Gateway Transactions in a year.  

(from left to right) Mr. Megat Faris Hussein Bin Megat Muzaffar Shah, MBR Official of Malaysia Book of Records; Lee Li Meng, Executive Chairman of Fiuu; Eng Sheng Guan, Chief Executive Officer of Fiuu; Mr. Edwin Yeoh Tiong Chin, MBR Official of Malaysia Book of Records

Processing over RM 44 billion (US$ 9.8 billion) in total payment volume annually and surpassing 1.8 million transactions daily across Southeast Asian markets, these accolades underscore the scale, reliability, and pivotal role of Fiuu's infrastructure in powering ASEAN's digital economy. 

These milestones reflect Fiuu's strategic investments in building the core underlying systems – the "digital payment rails" – that enable seamless cashless commerce, empower businesses to scale, and drive financial inclusion across the region. Fiuu focuses on developing scalable, interoperable, and secure protocols that prioritise accessibility for underserved businesses and communities. 

“This recognition affirms the trust and faith our partners, merchants, and institutions have placed in us,” said Eng Sheng Guan, CEO of Fiuu. “Our role goes beyond processing transactions. We are laying down the digital rails that fast-emerging economies rely on to thrive, adapt, and remain connected. It also reflects a deeper commitment to building systems that support our region’s economy today while laying the groundwork for stronger collective growth in the years ahead, with us as their digital growth agent of choice.” 

Operating across eight key Asian markets, including Malaysia, Singapore, Thailand, Indonesia, the Philippines, Vietnam, Taiwan, and Hong Kong, Fiuu simplifies domestic and cross-border payments for over 70,000 merchants across diverse sectors. These include retail, logistics, healthcare and government services. Its robust, cloud-based architecture integrates over 110 payment methods and is supported by direct acquiring collaborations with Visa and Mastercard in Malaysia, Singapore, and the Philippines, enhancing efficiency and enabling first-to-market innovations. 

In 2024, Fiuu partnered with Visa and Mastercard in Malaysia, Singapore and the Philippines to offer globally trusted gateways that eliminate the need for unnecessary intermediaries. The result is enhanced merchant discount rates, streamlined onboarding and approval timelines, and the piloting of first-to-market innovations that likewise boast strong compliance and operational capabilities. In 2024, Fiuu saw a 208% surge in Visa and Mastercard transactions, projecting over 300% growth in 2025. Fiuu also supports high-volume processing in Singapore and advances financial inclusion goals in the rapidly digitalising Philippines. 

Built for scale, stability, and speed, Fiuu’s infrastructure features a single API integration, rapid digital onboarding, and high availability to support businesses of all sizes. Security is paramount, backed by ISO 27001:2022 certification, PCI DSS compliance, and an in-house AI-driven transaction monitoring system analysing over a million transactions daily. The platform also supports evolving consumer preferences with features like Buy Now Pay Later (BNPL) and Visa Instalment Solutions. 

Looking ahead, Fiuu is committed to advancing its cross-border capabilities, strengthening fraud prevention with AI, and enhancing its feature set. Upcoming developments include support for tokenization, IoT payments, biometric authentication, Apple Pay, and expanded acquiring relationships across more ASEAN markets. 

“Our responsibility is to ensure that the digital economy runs smoothly, even when no one is watching,” added Eng. “As the region moves toward an inherently connected future, Fiuu stands ready to serve as the trusted layer beneath the surface – building quietly with purpose-driven foresight so the businesses we support can move forward without hesitation.”