Kuala Lumpur, 17 February 2020 – BigPay, the FinTech platform democratising banking across Southeast Asia, is expanding its range of financial services with the launch of cash top-up at all 7-Eleven stores across Malaysia. Existing users can now top-up their BigPay account at any of the over 2,400 7-Eleven locations nationwide.
“Ensuring that everyone has access to digital banking services is central to our mission and allowing cash to be seamlessly transferred to a BigPay account is a big step in that direction,” said Salim Dhanani, Co-Founder of BigPay. “7-Eleven has more locations than most banks have branches in Malaysia. This gives BigPay a unique advantage when it comes to providing financial services across the country.”
Launched in 2018, BigPay has grown to become one of Malaysia’s largest digital financial platforms by gross transaction value, with over 1.3 million users in the country. BigPay enables its users to easily open an account from their mobile phones and make payments at any local or international merchant. They can also make free and instant money transfers to friends, split bills, manage expenses and track their spending – all via one integrated app which can be downloaded for free via Google Play and Apple’s App Store.
“We aim to provide all consumers access to mainstream financial products usually only offered by retail banks, but at much lower costs and with unprecedented efficiency. We want to remove physical and monetary barriers preventing people from better managing and using their finances. Our successes to date provide a robust foundation for us to solidify our footprint in new markets and product lines in the year ahead,” added Salim.
As part of its mission to challenge banking and improve financial services inclusivity across Southeast Asia via FinTech, BigPay intends to grow in more ASEAN countries during the course of 2021. The company is also looking to launch a range of new products, including personal loans, insurance and wealth management. The company has also expressed interest in applying for a digital banking license in Malaysia and other markets and is actively evaluating the right approach. As part of its continued regional expansion, BigPay also launched its services in Singapore in September 2020.