June 2023 tech news from Malaysia is a very brief snapshot, looking at Grab ride-hailing news, alternative financing for Malaysia’s SMEs, and Malaysian concerns around Telegram messaging app.
Hit the links below to read each of these Malaysian tech news articles in full.
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Malaysia Startup Ecosystem Roadmap 2021-2030
“According to Grab, JustSave is a new economy service that allows passengers to access more affordable rides by carpooling with another passenger who is travelling along the same route as you at a given time.”
“Unlike its existing ride-sharing offering, GrabShare, the newer service will only confirm a booking if the passengers’ requests are successfully matched. To clarify, Grab’s other carpooling option allows passengers to share their rides and the fare, while drive-partners get to earn more by picking multiple passengers that are going the same way.”
“SCxSC GROW, is a new collaborative programme, under the SC’s fintech flagship initiative ‘Synergistic Collaboration by the SC‘ (SCxSC).”
“The SCxSC GROW embodies a collaborative effort with partners in the fintech ecosystem to harness the potential of alternative financing digital platforms to meet the needs of micro, small, and medium-sized enterprises (MSME) in strategic sectors.”
“Its chief compliance officer, Zulkarnain Mohd Yasin, said this could be necessary in order to offer protection to users of the app, as well as to safeguard national sovereignty.”
“He said this was because cyber crime activities on Telegram had recorded a drastic leap and are now in the top five tier, compared to 11th between 2019 and 2020.”
“He explained that drastic action may be necessary against Telegram as there are no official communication channels or contact persons for the app to raise any issues or follow-up action.”
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