{"id":17048,"date":"2023-09-14T10:40:03","date_gmt":"2023-09-14T02:40:03","guid":{"rendered":"https:\/\/wps.curlec.com\/?p=17048"},"modified":"2023-09-14T10:40:03","modified_gmt":"2023-09-14T02:40:03","slug":"from-tradition-to-tech-malaysias-fintech-surge","status":"publish","type":"post","link":"https:\/\/curlec.com\/blog\/industry-insights\/from-tradition-to-tech-malaysias-fintech-surge\/","title":{"rendered":"From Tradition to Tech: Malaysia\u2019s FinTech Surge"},"content":{"rendered":"\t\t
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Malaysia\u2019s financial landscape is rapidly evolving, transitioning from conventional payment methods to dynamic digital payments. We\u2019re sure you have witnessed several remarkable FinTech innovations thus far. Ranging from eWallet capabilities, cross-border QR payments, to seamless payment gateways (<\/span>Curlec being one of them!<\/span><\/a>). And the momentum is going strong with <\/span>more than 7.2 billion digital payment transactions in 2022<\/span><\/a>. Fortunately, it\u2019s not stopping there due to several drivers which we\u2019ll delve deeper into.\u00a0<\/span><\/p>

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Tech-savvy Population<\/b><\/h5>

Malaysia boasts a tech-savvy population that has readily embraced digital innovations. With an <\/span>internet penetration rate at 89.6% in 2022<\/span><\/a>, it\u2019s no wonder we\u2019re opting for digital payment methods. Ask yourself this: How often do you transact online? Whether it\u2019s paying through FPX, credit, debit cards, or eWallets, the convenience of paying with a swipe, tap, or click have gained widespread popularity. The swift consumer adoption has not only made daily transactions more efficient but it surely has driven the FinTech surge.\u00a0<\/span><\/p>

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Government Initiatives<\/b><\/h5>

Recognising the immense potential, the government has taken proactive steps with the 2023 Malaysian Budget. Stated in it, <\/span>the Malaysia Co-Investment Fund (MYCIF) will receive a total of RM300 million<\/span><\/a> to provide better financing for startups and SMEs including FinTechs. It\u2019s a pivotal bump to create an environment that\u2019s conducive to financial innovations. More importantly, attracting FinTech players and fueling the industry\u2019s expansion; addressing the diverse financial needs in Malaysia.\u00a0<\/span><\/p>

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Cross-border Partnerships<\/b><\/h5>

Nestled conveniently in Southeast Asia means Malaysia has many friendly neighbours, leading to regional financial integration. A prime example is <\/span>DuitNow expanding its footprint <\/span><\/a>into Singapore, Thailand, and Indonesia. This cross-border innovation marks the adaptability of Malaysian FinTech solutions. Killing two birds with one stone, this advancement will encourage future opportunities in FinTech and also contribute to the broader economic growth within the region.\u00a0<\/span><\/p>

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Startup Ecosystem<\/b><\/h5>

Supportive infrastructure such as co-working spaces, incubators, and accelerators offer an advantage for FinTech startups to flourish. Today, there are numerous collaborations between FinTech entrepreneurs, industry experts, and investors – all fostering a creative environment. And reinforces the nation\u2019s position as a rising hub for both startups and Fintechs.<\/span><\/p>

It\u2019s no surprise why and how the FinTech surge has grown exponentially in Malaysia. So if you\u2019re thinking of kick-starting a venture, <\/span>now is the time<\/b>. And you can tick payment management off your list with the <\/span>Curlec Payment Gateway<\/span><\/a>. As it offers a seamless payment experience while handling complexities such as subscription management, invoicing, and more. Plus, it\u2019s an all-in-one payments provider including a <\/span>versatile Dashboard<\/span><\/a>, equipped with sales tools such as Payment Links, Buttons, and Pages to diversify your payment tools. What\u2019s not to love?<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Malaysia\u2019s financial landscape is rapidly evolving, transitioning from conventional payment methods to dynamic digital payments. We\u2019re sure you have witnessed several remarkable FinTech innovations thus far. Ranging from eWallet capabilities, cross-border QR payments, to seamless payment gateways (Curlec being one of them!). And the momentum is going strong with more than 7.2 billion digital payment […]<\/p>\n","protected":false},"author":3,"featured_media":17060,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[27],"tags":[],"class_list":["post-17048","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-insights"],"_links":{"self":[{"href":"https:\/\/curlec.com\/blog\/wp-json\/wp\/v2\/posts\/17048","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/curlec.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/curlec.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/curlec.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/curlec.com\/blog\/wp-json\/wp\/v2\/comments?post=17048"}],"version-history":[{"count":0,"href":"https:\/\/curlec.com\/blog\/wp-json\/wp\/v2\/posts\/17048\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/curlec.com\/blog\/wp-json\/wp\/v2\/media\/17060"}],"wp:attachment":[{"href":"https:\/\/curlec.com\/blog\/wp-json\/wp\/v2\/media?parent=17048"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/curlec.com\/blog\/wp-json\/wp\/v2\/categories?post=17048"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/curlec.com\/blog\/wp-json\/wp\/v2\/tags?post=17048"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}