5 Things To Know About Direct Debit

Direct Debit as a payment option has been extremely underutilised in Malaysia. When compared to countries such as the UK, where almost 9 out of 10 adults have at least one Direct Debit, Malaysia lags far behind.

This is all about to change with Curlec as our solution using Direct Debit brings payments into the digital age.

Check out our infographic below to find out what Direct Debit is all about:

Direct Debit infographic
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Introducing Curlec

The Recurring Payment Solution for Malaysian Businesses.

We are proud to launch our new brand, Curlec. As some of our clients and partners will notice, this is a rebrand of our previous identity, MyDirectDebit. We have chosen to do this to inject fresh energy into our new product offering and company. We are a young, vibrant FinTech organisation that is ready and able to disrupt the status quo, and we wanted a brand to reflect this. We believe that Curlec does the job.

Our business is centered around Recurring Collections, and this is how the Curlec name was born.

We want Curlec to be used as a verb in a similar way to how words such as ‘Google’ or ‘Uber’ are used. Expect to hear a lot of ‘Curlec’ in 2018.

From a product development perspective, we are way ahead of our original plan. Please don’t hesitate to contact us if you would like to learn more. We have a significant growth strategy for the next few years for this extremely underserved payment mechanism in Malaysia, and as with all great software companies, we take the view that our job is never complete. Join us as we continuously improve and evolve our offering that will make the lives of businesses around Malaysia significantly easier.

We will be going through an Equity Crowdfunding exercise with PitchIn in the coming months so keep an eye out for this. We will make sure to keep you all updated.

So welcome to our journey to revolutionise Direct Debit in Malaysia and beyond.

Happy 2018 everyone – have a great year ahead.