Daily Markup #870: Curlec by Razorpay joins PayNet to help transition Malaysia into a fully cashless society

November 9, 2023 · 2 min read

Photo credit: The Edge Malaysia

Payments Uncompromised

Malaysia’s national payments network and infrastructure, Payments Network Malaysia (PayNet) welcomed its newest member, 500-backed fintech platform Curlec by Razorpay!
Curlec by Razorpay is a full-stack, business-to-business (B2B) payments solution provider, and the team will now be helping Malaysia to transition into a fully cashless society.
This collaboration allows Curlec’s customers to make and receive real-time payments from bank accounts and e-wallets.
Zac Liew, Co-founder & CEO shared, “Since the launching of the Curlec Payment Gateway in July, we are now processing RM2 billion annually and serving over 1,000 merchants. This sets the platform for Curlec to bring further innovation to Malaysia’s digital payment landscape, as well as scale DuitNow to the next level with our expertise in real-time payments — both in India and Malaysia.”
“The target growth for Malaysia’s digital payments sets the path for the Curlec Payment Gateway’s target to serve more than 5,000 businesses, with RM10B annualized gross transaction value by 2025,” he added.
Curlec’s payment approach, ‘Payments Uncompromised’, is currently being used by over 1,000 businesses, including some of Malaysia’s most prominent brands like Tune Protect, CTOS, Mary Kay, and the National Kidney Foundation.
Read the full story on The Edge Malaysia.

0

Share

• • • KEEP READING

Daily Markup #1121: Lingokids’ new learning experience prove 90% effective in improving children’s skill learning abilities

Play, learn, grow

November 21, 2024 · 1 min read

Daily Markup #1120: Qarbotech’s nanotechnology tricks plants into bringing big benefits to farmers, raising up to 10x return on investment

November 20, 2024 · 2 min read

Daily Markup #1119: RedDoorz helps young, budget-savvy travelers find accommodation across SE Asia; eyes 8,000 properties in 3-5 years and 2027 IPO

Budget travel boom

November 19, 2024 · 2 min read

Daily Markup #1118: YAS keeps Hong Kong travelers protected with real-time insurance coverage that grows with their spending on AlipayHK

Shop, spend, stay safe

November 18, 2024 · 1 min read

Daily Markup

All content herein is intended solely for general informational or educational purposes only. 500 Startups Management Company, L.L.C. and its affiliates (collectively “500 Global”) makes no representation as to the accuracy or information in this post and while reasonable steps have been taken to ensure that the information herein is accurate and up-to-date, no liability can be accepted for any error or omissions. All third party links in this post have not been independently verified by 500 Global and the inclusion of such links should not be interpreted as an endorsement or confirmation of the content within. Information about portfolio companies’ markets, competitors, performance, and fundraising has been provided by those companies’ founders and has not been independently verified. Under no circumstances should any content in this post be construed as investment, legal, tax or accounting advice by 500 Global, or an offer to provide any investment advisory service with regard to securities by 500 Global. No content or information in this post should be construed as an offer to sell or solicitation of interest to purchase any securities advised by 500 Global. Prospective investors considering an investment into any 500 Global fund should not consider or construe this content as fund marketing material. The views expressed herein are as at the date of this post and are subject to change without notice. One or more 500 Global fund may have a financial interest in one or more of the companies discussed

All users of this website should note these important Terms of Use governing the use of this website.