FINTECH startup, MoneyMatch and Kuwait Finance House (Malaysia) Bhd (KFH Malaysia) on July 3 announced a strategic collaboration to provide cross-border payments for its customers.
The collaboration, the first of its kind between a foreign Islamic bank and a local fintech startup, enables the bank to deliver cutting-edge, Syariah-based solutions to its customers. This partnership marks MoneyMatch’s maiden entry to provide enterprise solutions via its newest product BanKFH Malaysia collaborates with MoneyMatch on cross border paymentskFX, and ultimately to improve the cross-border payments experience for consumers regardless of platform.
MoneyMatch chief executive officer Adrian Yap (pic, top right), said, “We are excited to have KFH Malaysia onboard as our first Bank FX customer. We at MoneyMatch strongly believe that everyone should have access to the best exchange rates regardless of platform.
“Through this network collaboration with KFH Malaysia, the efforts to transform the experience of cross-border payments for all will be greatly amplified. “
To celebrate the launch of this collaboration, KFH Malaysia customers will be entitled to a 100% service fee waiver promotion for all native-currency cross-border payments made via its physical branches nationwide. This offer is valid until Aug 31, 2019.
Source from Digital News Asia