KUALA LUMPUR, 29 October 2021 - BigPay, one of the fastest growing fintech companies in Asean, is titled the most-searched for digital bank in Malaysia, according to a research by the UK finance publication Business Financing.

From a comprehensive list of digital banks, BigPay ranked number one based on keywords and Google search data.

Salim Dhanani CEO & Co-Founder of BigPay said, “We are humbled to be recognised as a leading fintech company as we further accelerate financial inclusion in Malaysia. Over the last four years, we've helped more than 1.9 million Malaysians improve their financial health. We've worked to launch regulated financial products that are not only simple and convenient, but that also have transparent fees and are accessible to everyone.”

Datuk Kamarudin Meranun, Executive Chairman of AirAsia Group said, “I am proud that BigPay has essentially been recognised as the most popular digital bank in Malaysia. As a portfolio company of AirAsia, BigPay shares the same ethos of bringing democracy to financial services and creating digital products that are inclusive, affordable and accessible for the people of Asean. We are committed to our mission of providing the best financial services to the underserved.”

A study by Bain & Company indicates an estimate of 55% of Malaysia’s population still remain unbanked or underbanked. With COVID-19 as a catalyst for the digital transformation of banking and financial services, over 74% of Malaysians are now aware of digital banking and 66% are keen on adopting such services into their daily lives.

Founded in 2017, BigPay is live in Malaysia and Singapore. Its current offering includes a prepaid debit card, which can be used to spend anywhere Visa or Mastercard is accepted, local and international money transfers, micro-insurance, bill payments and a budgeting tool. In the coming months, BigPay will launch a number of new services - including responsible credit, micro savings and an offering for mSMEs and freelancers. Back in July, BigPay with a consortium of strategic partners had submitted its application for one of the five digital banking licences that Bank Negara Malaysia (BNM) will issue in 2022. In August, BigPay raised US$100m in funding from South Korean conglomerate SK Group to accelerate its growth and mission of becoming the leading challenger bank in Southeast Asia.

***

About BigPay 

BigPay is an ASEAN fintech company with proud Malaysian roots founded in 2017. The company is committed to democratising financial literacy, accessibility, and wellbeing in the region by providing accessible, transparent, simple and secure digital financial services. From payments to international transfers, credit, micro-insurance and smart budgeting, the goal is to drive sustainable change across Southeast Asia for consumers and businesses across Southeast Asia. 
For more information, please contact press@bigpayme.com