Apac
  • Home
  • CXO Insights
  • CIO Views
  • News
  • Conferences
  • Newsletter
  • Whitepapers
  • About us
Apac
  • Admired Tech

    Agile

    AI Healthcare

    Artificial Intelligence

    Augmented Reality

    Aviation

    Big Data

    Blockchain

    Cloud

    Cryptocurrency

    Cyber Security

    DevOps

    Digital Transformation

    Drone

    HPC

    Infrared

    Internet of Things

    IT Services

    Marine Tech

    Networking

    PropTech

    Remote Work

    Robotics

    Scheduling Software

    Sensor Tech

    Simulation

    Smart City

    Software Testing

    Startup

    Storage

    Unified Communication

    Web Development

    Wireless

  • Automotive

    Banking

    Capital Market

    Construction

    E-Commerce

    Education

    FinTech

    Food and Beverages

    Gov and Public

    Healthcare

    Insurance

    Legal

    Logistics

    Manufacturing

    Media and Entertainment

    Metals and Mining

    Pharma and Life Science

    Retail

    Sports

    Travel and Hospitality

  • CISCO

    Google

    IBM

    Microsoft

    Oracle

    Salesforce

    SAP

    ServiceNow

  • Business Intelligence

    CEM

    Cloud-based Planning

    Cognitive

    Collaboration

    Compliance

    Contact Center

    Contact Tracing

    Contactless Payments

    Corporate Finance

    CRM

    Custom Software Development

    Data Center

    Digital Signage

    Enterprise Architecture

    Enterprise Asset Management

    Enterprise Communications

    Enterprise Contract Management

    Enterprise Performance Management

    ERP

    Facility Management

    Field Service

    Fleet Management

    Gamification

    HR Technology

    IT Infrastructure

    IT Service Management

    Managed Services

    PLM

    Procurement

    Product Management

    Project Management

    RegTech

    Revenue Management

    Sales Tech

Menu
    • CISCO
    • Collaboration
    • Compliance
    • Contact Center
    • Healthcare
    • IT Service Management
    • Microsoft
    • Retail
    • MORE
    #

    Apac CIO Outlook Weekly Brief

    ×

    Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Apac CIO Outlook

    Subscribe

    loading

    THANK YOU FOR SUBSCRIBING

    • Home
    • News
    • FinTech
    Editor's Pick (1 - 4 of 8)
    left
    IT Service Delivery Models Evolving with Business

    Todd Larson, CIO, Sentinel Benefits & Financial Group

    Managing Digital Transformation by IT and Security Teams

    Elena Kvochko, CIO-Group Security Function, Barclays

    Moving towards Banking and Fintech Partnership

    Peter Clark, Regional CIO, Standard Chartered Bank Technology and Operations, Hong Kong

    Technology and Business Conscience Collision

    Winston Benedict, CIO, Dentsu Aegis Network ANZ

    eMortgage, The Next Big Thing is Already Here: Make it Bigger

    Nafees Ahmed, CIO, Indiabulls

    Current Technology Issues/Trends

    Tim Thurman, CIO, Australian Securities Exchange (ASX)

    E-Mortgage, The Next Big Thing is already here: Make it Bigger

    Nafees Ahmed, CIO, Indiabulls

    Fintech 2.0: Revolutionising Southeast Asia Financial Services Ecosystem

    Hans De Back, Managing Partner, Finch Capital

    right

    Stripe Open for Business in Malaysia

    By Apac CIO Outlook | Thursday, October 10, 2019
    Tweet

    With smartphones nearly ubiquitous at 88 percent penetration, and its internet users are also among the top 10 most engaged globally, Malaysia is home to one of the most connected populations in the world.

    Freemont, CA: San Francisco based Stripe recently opened its new branch in Malaysia, in partnership with Payments Network Malaysia Sdn Bhd (PayNet) to make FPX available to businesses in the country. The global technology company which builds economic infrastructure for the internet was recently valued at USD 35 billion, a 56 percent increase from its valuation last year.

    With smartphones nearly ubiquitous at 88 percent penetration, and its internet users are also among the top 10 most engaged globally, Malaysia is home to one of the most connected populations in the world. Despite these statistics, internet represents only 3 percent of the country's GDP. The FinTech company recently had raised USD 250 million in extended funding round, which it intended to use towards the expansion of the business.

    “Even today, less than eight percent of commerce is online, largely because moving money on the internet remains complicated, cumbersome and slow,” said John Collison, co-founder, and president, Stripe. "At Stripe, our goal is to remove these barriers and build the kind of infrastructure ambitious businesses need to run at internet speed and scale."

    With this launch in Malaysia, any online company in the country can now gain access to Stripe's entire product stack to launch, run, and scale their business globally from day one. The company has also made available its range of services, including Stripe Connect for running multi-sided marketplaces, Billing for subscriptions and recurring payments, Radar for fraud detection and prevention, Sigma for analytics, and more.

    “We are extremely excited by the energy and determination of the Malaysian entrepreneurs we’ve been working with daily. Technology should not be holding them back,” said Piruze Sabuncu, head of Southeast Asia and Hong Kong, Stripe. “Stripe aims to empower more businesses in Malaysia to export their creativity to the rest of the world.” The company is also in the process of making FPX available in beta, allowing businesses on Stripe to accept payments via online bank transfers, along with major credit cards like Visa and Mastercard.

    Since January this year, Stripe has been testing its service in Malaysia and already works with some of the country's most innovative companies, including e-commerce solutions platform EasyStore, food delivery service Dahmakan, and fashion and retail platform FashionValet.

    Weekly Brief

    loading
    Top 10 Big Data Solution Companies - 2020
    Top 10 Big Data Consulting/ Service Companies - 2020

    Featured Vendors

    Kogentix

    Boyd Davis, CEO

    Illation

    Dallas Newton, Country Business Manager

    ON THE DECK

    Big Data 2020

    Top Vendors

    Big Data 2019

    Top Vendors

    Big Data 2019

    Top Vendors

    Previous Next

    I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

    Read Also

    Four Security Issues in IoT

    Four Security Issues in IoT

    Four Use Cases of AR/VR Technology in Employee Training

    Four Use Cases of AR/VR Technology in Employee Training

    Five Major Trends in Digital Transformation for Businesses

    Five Major Trends in Digital Transformation for Businesses

    How Blockchain Reinvents Regtech

    How Blockchain Reinvents Regtech

    Five AI Technologies to Help Boost Business

    Five AI Technologies to Help Boost Business

    Popular E-Commerce Growth Trends in 2021

    Popular E-Commerce Growth Trends in 2021

    Loading...

    Copyright © 2021 APAC CIOoutlook. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy Policy  |  Sitemap |  Subscribe

    follow on linkedinfollow on twitter follow on rss
    This content is copyright protected

    However, if you would like to share the information in this article, you may use the link below:

    https://www.apacciooutlook.com/news/stripe-open-for-business-in-malaysia-nwid-6977.html