TechTouch Asia

OxPay Financial is providing Malaysian-based retail BNPL company PaySlowSlow with payment gateway and merchant acquiring services in Singapore. Launched in September 2021, PaySlowSlow is a subsidiary of Australian company Fatfish Group. It allows retailers to offer their customers the option to buy now and pay, in four equal instalments over four months with 0% interest charged. All financial risks, including payment defaults are borne by the BNPL brand, and do not affect OxPay. Henry Tan, MD, OxPay, said: “We are happy to collaborate with PaySlowSlow for its Singapore operations. With the pandemic accelerating e- commerce volumes, consumers are increasingly turning to BNPL options to alleviate their financial pressures, as well as conduct their online transactions with greater ease and convenience.  "BNPL offers a tremendous and growing market opportunity for retailers and payment providers alike, and barring unforeseen circumstances, we...

Tenaga Nasional (TNB), the largest electricity utility in Malaysia, has collaborated with Capgemini and Google Cloud to design an enterprise-wide application programming interface (API) strategy, as well as implement Google Cloud’s Apigee API Management Platform. The more open digital backbone now provides the flexibility TNB needs to connect with the outside world, generate new revenue streams, and accelerate innovation. TNB serves a customer base of over 9.4 million citizens in Peninsular Malaysia, Sabah and Labuan today. To remain responsive to the needs of its stakeholders and the marketplace, TNB was keen to modernise its technology infrastructure, which would enable the introduction of integration technology such as microservices, for example. In collaboration with Capgemini and Google Cloud, TNB updated its existing APIs, expanding its in-house digital capabilities, and explored non-regulatory revenue streams from API monetisation. Capgemini also facilitated a cultural...