Chinese group Ant to help Malaysia launch crypto-enabled 'super app'
Slated to launch in early 2023, Kenanga's crypto-friendly super app will feature digital investment management, e-wallet, FX, trading shares and other services.
New
Malaysia continues to accelerate its pace of cryptocurrency adoption as one of the major local banks ventures into cryptocurrency trading as part of its default banking offerings.
Kenanga Investment Bank Berhad, one of the largest private investment banks with more than 500,000 customers, has partnered with Chinese tech giant Ant Group to launch a crypto-enabled wallet and trading app. cryptos.
According to an announcement on Wednesday, Kenanga has signed a memorandum of understanding with Ant to jointly develop Malaysia's wealth app called categorized as a super app. Under the terms of the agreement, Ant's digital technology unit will provide Kenanga with mPaaS, a mobile development platform spun off from AliPay App.
"Adopted by many enterprises to create new applications and optimize the performance of existing applications, our financial-grade mPaaS mobile development platform is well positioned to help Kenanga integrate a wide range of products and services into its SuperApp," said At Geoff Jiang, president of digital technology, noted.
The SuperApp is designed to revolutionize the way of managing wealth in Malaysia by integrating various financial services - like stock trading, digital investment management, crypto trading, digital wallet, foreign currency exchange and others - on one platform. Kenanga reportedly plans to launch the app in early 2023.
"We look forward to not only unifying a wide range of financial offerings under one roof, but more importantly, making wealth creation more accessible by democratizing financial services for millions of Malaysians," Datuk Chay Wai Leong, Managing Director of Kenanga Group. said.
He also mentioned that Kenanga started experimenting with digital financial services five years ago, and the new app would take the company's growth to the next level. As previously reported, Kenanga has been an active player in the crypto industry, investing in the local crypto exchange opera...
Slated to launch in early 2023, Kenanga's crypto-friendly super app will feature digital investment management, e-wallet, FX, trading shares and other services.
New
Malaysia continues to accelerate its pace of cryptocurrency adoption as one of the major local banks ventures into cryptocurrency trading as part of its default banking offerings.
Kenanga Investment Bank Berhad, one of the largest private investment banks with more than 500,000 customers, has partnered with Chinese tech giant Ant Group to launch a crypto-enabled wallet and trading app. cryptos.
According to an announcement on Wednesday, Kenanga has signed a memorandum of understanding with Ant to jointly develop Malaysia's wealth app called categorized as a super app. Under the terms of the agreement, Ant's digital technology unit will provide Kenanga with mPaaS, a mobile development platform spun off from AliPay App.
"Adopted by many enterprises to create new applications and optimize the performance of existing applications, our financial-grade mPaaS mobile development platform is well positioned to help Kenanga integrate a wide range of products and services into its SuperApp," said At Geoff Jiang, president of digital technology, noted.
The SuperApp is designed to revolutionize the way of managing wealth in Malaysia by integrating various financial services - like stock trading, digital investment management, crypto trading, digital wallet, foreign currency exchange and others - on one platform. Kenanga reportedly plans to launch the app in early 2023.
"We look forward to not only unifying a wide range of financial offerings under one roof, but more importantly, making wealth creation more accessible by democratizing financial services for millions of Malaysians," Datuk Chay Wai Leong, Managing Director of Kenanga Group. said.
He also mentioned that Kenanga started experimenting with digital financial services five years ago, and the new app would take the company's growth to the next level. As previously reported, Kenanga has been an active player in the crypto industry, investing in the local crypto exchange opera...
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