Latest news with #MyDigitalID
Malaysiakini
12-06-2025
- Business
- Malaysiakini
FINEXUS' Kayaaku – Malaysia's First E-wallet to Integrate with MyDigital ID
FINEXUS' Kayaaku Wallet became the first e-wallet in Malaysia to integrate with MyDigital ID, allowing users to now have an alternative single sign-on login option, in addition to the e-wallet's existing password and biometrics. MyDigital ID is a government initiative for a secure and trusted digital identity solution, which facilitates identity verification using the government database without storing any personal data. With MyDigital ID, the government hopes to curb scams, which cost Malaysians a whopping RM53.34 billion in 2024 with identity theft covering 21% of all scam types. In fact, Malaysia recorded the highest rate of personal data leaks among key Asian markets according to Whoscall, with close to three-fourths (72.5%) of Malaysian users discovering that their information had been compromised. 'We are proud to be Malaysia's first e-wallet to integrate with MyDigital ID, combining convenience with security. Kayaaku users now have an alternative option to securely access their wallet and other MyDigital ID-integrated platforms using a single password, backed by robust digital verification process and cybersecurity measures,' said Clement Loh, Group Managing Director and Chief Executive Officer of FINEXUS. 'Our FINEXUS' Kayaaku Wallet and MyXaaS Programme Partners can now enjoy enhanced benefits from our banking-grade security. Already, all of our applications and portals are hosted within our fully owned local data centres, ensuring data sovereignty in a highly secure digital environment,' he continued. With over 2.3 million Malaysians registered for MyDigital ID, Malaysians with MyDigital ID can start accessing various government applications and portals including MySejahtera, MyJPJ, and MyBayar, with future efforts by JPN (National Registration Department) to automatically register every 12-year-old when obtaining their MyKad. 'MyDigital ID plays a pivotal role in strengthening digital trust and security across Malaysia's digital ecosystem. As the only digital identity platform officially recognised by the Government of Malaysia, MyDigital ID ensures strong cybersecurity and protects Malaysians in the digital realm,' said Nik Hisham Nik Ibrahim, Chief Executive Officer of My Digital ID Sdn Bhd. 'We welcome the integration of MyDigital ID by Kayaaku by FINEXUS in the e-wallet sector, and look forward to seeing more fintech players and service providers across industries adopt this national trust infrastructure in support of secure and seamless digital interactions.' Besides providing robust security for its applications, FINEXUS also enables MyXaaS Programme Partners to create a licensed and regulated e-wallet supporting fund transfers and both local and cross-border payments via DuitNow, Mastercard, Alipay, Alipay+, and Visa. Users can opt for physical Mastercard or Visa prepaid cards linked to their e-wallet. Another notable feature is request-to-pay, which allows users to easily initiate and manage payment requests. As a strategic FinTech enabler, FINEXUS supports its partners with regulatory compliance, continuous application enhancements, customer service for e-wallet users, and backroom business processing operations, including fraud detection and settlements. Partners also have the opportunity to become merchants and/or agents for their acquiring or point-of-sale services. For more information about how to become FINEXUS' MyXaaS Programme Partner, visit For more information about MyDigital ID, visit This content is provided by FINEXUS Sdn Bhd. The views expressed here are those of the author/contributor and do not necessarily represent the views of Malaysiakini. Interested in having your announcements on Malaysiakini? Contact the announcements team at [email protected] or WhatsApp on +60 17-323 0707 for urgent matters.
Barnama
29-04-2025
- Business
- Barnama
MBI Ushers New Era For Malaysia's Blockchain
GENERAL KUALA LUMPUR, April 29 (Bernama) -- In support of the Government Digital Asset initiative, MIMOS Berhad today announced the operationalisation of the Malaysia Blockchain Infrastructure (MBI), a neutral and trusted platform for digital services and innovation across sectors. MIMOS Berhad, in a statement, said this milestone marks a pivotal moment in the nation's technological advancement, as MBI emerges as a strategic technological innovation and a core component of Malaysia's National Blockchain Roadmap, aligned with the Malaysian MADANI vision. Developed to be a catalyst for creativity, MBI fosters an environment where developers and innovators can explore and build cutting-edge blockchain applications that drive value and transformation across industries. 'The establishment of the MBI stands as a pivotal catalyst for the nation's digital advancement, purposefully developed to foster sustainable digital integration and support the creation of a cohesive, future-ready national digital infrastructure. 'This initiative is driven by MIMOS in strategic collaboration with its principal partner and key contributor, MyEG, underscoring a shared commitment to accelerating Malaysia's digital transformation and innovation agenda,' it said. According to MIMOS Berhad, the MBI also plays a vital role in streamlining a wide range of digital assets, including MyDigitalID verifiable credentials, non-fungible tokens (NFTs), and decentralised finance (DeFi) applications, increasing accessibility to blockchain technology by simplifying the user experience and enabling broader participation for nontechnical users. It said early adopter industry partners, such as Masverse, Cokeeps, iTrace, Heitech Padu, and others, are leveraging MBI to deploy solutions in supply chain traceability, digital identity, asset custody, and tokenisation across public and private sectors. 'Solutions like MyDigitalID will benefit from MBI's integrated capabilities, ensuring verifiability, accessibility, and interoperability to support use cases ranging from simple on-site registrations to complex cross-border and commercial verifications. 'This initiative aims to foster innovation and interconnectivity across platforms, enhance decentralised transaction security, promote an inclusive digital economy, and ensure greater security and transparency in digital transactions, making blockchain technology more accessible and catalysing innovation across all sectors, it said.
The Sun
29-04-2025
- Business
- The Sun
MBI ushers new era for Malaysia's Blockchain
KUALA LUMPUR: In support of the Government Digital Asset initiative, MIMOS Berhad today announced the operationalisation of the Malaysia Blockchain Infrastructure (MBI), a neutral and trusted platform for digital services and innovation across sectors. MIMOS Berhad, in a statement, said this milestone marks a pivotal moment in the nation's technological advancement, as MBI emerges as a strategic technological innovation and a core component of Malaysia's National Blockchain Roadmap, aligned with the Malaysian MADANI vision. Developed to be a catalyst for creativity, MBI fosters an environment where developers and innovators can explore and build cutting-edge blockchain applications that drive value and transformation across industries. 'The establishment of the MBI stands as a pivotal catalyst for the nation's digital advancement, purposefully developed to foster sustainable digital integration and support the creation of a cohesive, future-ready national digital infrastructure. 'This initiative is driven by MIMOS in strategic collaboration with its principal partner and key contributor, MyEG, underscoring a shared commitment to accelerating Malaysia's digital transformation and innovation agenda,' it said. According to MIMOS Berhad, the MBI also plays a vital role in streamlining a wide range of digital assets, including MyDigitalID verifiable credentials, non-fungible tokens (NFTs), and decentralised finance (DeFi) applications, increasing accessibility to blockchain technology by simplifying the user experience and enabling broader participation for nontechnical users. It said early adopter industry partners, such as Masverse, Cokeeps, iTrace, Heitech Padu, and others, are leveraging MBI to deploy solutions in supply chain traceability, digital identity, asset custody, and tokenisation across public and private sectors. 'Solutions like MyDigitalID will benefit from MBI's integrated capabilities, ensuring verifiability, accessibility, and interoperability to support use cases ranging from simple on-site registrations to complex cross-border and commercial verifications. 'This initiative aims to foster innovation and interconnectivity across platforms, enhance decentralised transaction security, promote an inclusive digital economy, and ensure greater security and transparency in digital transactions, making blockchain technology more accessible and catalysing innovation across all sectors, it said. 'Guided by the MADANI core values of Sustainability, Prosperity, Innovation, Respect, Trust, and Compassion, MBI is redefining the way we interact with blockchain technology. By offering unified access across platforms, MBI simplifies cross-chain transactions, eliminating the complexities of navigating multiple systems,' it said. Meanwhile, MIMOS acting president and group chief executive officer, Dr Saat Shukri Embong, said MBI will drive competitiveness, positioning Malaysia as a regional leader in blockchain adoption and development, potentially attracting investment and highly-skilled talent. 'More importantly, it embodies digital inclusivity, making blockchain technology accessible to all Malaysians, regardless of their technical expertise. This streamlined approach enhances liquidity by aggregating resources from various platforms, enabling faster, more efficient, and cost-effective trading. 'As a catalyst for Malaysia's digital transformation, MBI is driving technological progress and contributing to the greater well-being of Malaysians and the nation. 'This platform is a testament to MIMOS', MOSTI's, and the MADANI Government's commitment to ensuring that the benefits of this transformative technology are shared equitably, driving sustainable economic growth and societal progress,' he was quoted as saying in the statement. The statement said that as the nation's applied research and development centre, MIMOS is pivotal in driving blockchain adoption, and the establishment of the MBI aims to address the challenges of a fragmented ecosystem by unifying diverse platforms. It uses Zetrix as its core chain, working in tandem with other public chains like Ethereum, Solana, and Private Blockchains to create a single interface. All stakeholders, industry, researchers, and policymakers must maintain a strong collaborative spirit to bring this initiative to fruition. A robust public and private partnership is essential for Malaysia to establish an inclusive, sustainable, and resilient blockchain ecosystem regionally, the statement read.
New Straits Times
24-04-2025
- Politics
- New Straits Times
Police collects RM598,970 in summons at Raya discount event
KUALA LUMPUR: A total of RM598,970 in summons collections was successfully recorded during the discount initiative held at the police Hari Raya celebration at Titiwangsa Stadium last Monday. Bukit Aman Traffic Enforcement and Investigation Department director Datuk Seri Mohd Yusri Hassan Basri said 950 individuals settled 5,362 summonses during the event. "We also welcome Home Minister Datuk Seri Saifuddin Nasution's proposal to expand the use of MyDigital ID in traffic summons payments," he said when contacted by Harian Metro today. Previously, it was reported that police supported the government's suggestion for MyDigital ID integration for summons payments. Saifuddin said although usage of the application is not compulsory, it aligns with national digitalisation policy and is encouraged. He added that the government has agreed to amend the National Registration Act 1959 to facilitate the broader adoption of MyDigital ID.
The Sun
22-04-2025
- Business
- The Sun
Visa exemption extended for five years to boost economy
PUTRAJAYA: The Visa Liberalisation Plan (PLV) for Chinese visitors has been extended for another five years, as the initiative has shown immediate positive impact on the country's economy, said Home Minister Datuk Seri Saifuddin Nasution Ismail. He said the decision to extend the PLV was part of a series of Memoranda of Understanding (MoUs) and documents signed during Chinese President Xi Jinping's recent state visit to Malaysia, covering various sectors of cooperation. Among them was a joint visa exemption agreement for holders of public affairs and ordinary passports, signed by Saifuddin Nasution and China's Foreign Minister Wang Yi. 'We will extend it for the next five years, and after that, there will be an option to renew it for another five years - allowing Chinese nationals to stay in our country for up to 90 days as tourists. 'And China will reciprocate with the same arrangement for us,' he told reporters after the Home Ministry's monthly assembly here today. The Visa Liberalisation Plan is designed to boost national income and will be implemented by enhancing existing immigration facilities available to travellers from various regions, including Europe, Southeast Asia, the Middle East, and West Asia. China's Foreign Ministry spokesperson Lin Jian said the joint visa exemption agreement will deepen exchanges and cooperation, further advancing the China-Malaysia community with a shared future. Saifuddin Nasution said the arrangement has already shown positive results, with tourist arrivals from China on the rise. According to data from the Ministry of Tourism, Arts and Culture, Chinese tourists spend an average of RM7,000 during their stay in Malaysia. 'So when we look at the arrival numbers, it's clear that this is a formula with immediate economic benefits and a significant impact,' he said. As of April this year, Malaysia has recorded close to 900,000 tourist arrivals from China, Saifuddin Nasution noted, adding that more than four million Chinese tourists visited the country last year. He stressed that the tourism aspect is an important component of the country's economic contributors because it has an immediate impact compared to investments. In another development, Saifuddin Nasution also launched the Investigation and Complaints Management System (SPEAKS), which aims to make it easier for the public to lodge complaints against members of the Royal Malaysia Police. 'Anyone wishing to file a complaint against police enforcement personnel can now do so through the SPEAKS platform, provided they include complete details such as the time, location, individuals involved, and the nature of the incident,' he said. He added that SPEAKS facilitates the public in submitting complaints to the Independent Police Conduct Commission (IPCC), enabling prompt and appropriate follow-up actions to be taken. Regarding MyDigital ID, Saifuddin Nasution, who also chairs the Cabinet Committee on MyDigital ID, said the ministry will table amendments to the National Registration Act to support the legal framework for its use. 'Our task is to present these amendments in Parliament to ensure the application, use, and transactions involving Digital ID are recognised as legally valid,' he said. He added that the National Registration Department (NRD) has been appointed the lead agency for MyDigital ID pre-registration, aimed at boosting digital ID enrolment nationwide. MyDigital ID, introduced in 2016, is a government initiative designed to provide secure and legally recognised digital identity verification for online users.
