Kuala Lumpur, 22 June 2022 - BigPay, a Southeast Asian fintech company, today announced the  launch of its Cash Pickup services in Indonesia and the Philippines, as an added feature to its existing  remittance feature. Cash Pickup is a delivery method through which BigPay users can transfer money  to another recipient without a bank account, allowing the recipient to collect the money in cash from  a physical partner location of their choice. Indonesia and the Philippines are one of the strongest  corridors that see the highest numbers of outbound remittances from Malaysia and Singapore, under  BigPay’s remittance service. 

Typically, remittances are primarily conducted through banks, which poses a significant challenge for  the substantial unbanked population in Indonesia and the Philippines. Through cash pick up as an  option to receive money, BigPay seeks to bridge the technology gap and help families gain access to  their funds without the need for a bank account. 

[ELMLAB’s Enterprise Operating System (EOS)]

Kuala Lumpur, 22 June 2022- With Web 3.0 set to impact the world through its decentralised form of the current Internet which is technically known as Web 2.0, ELMLAB introduces its Enterprise Operating System (EOS), to assist enterprises in improving the efficiency of their business processes while driving sustainable growth. As a local R&D company specialising in connectivity, ELMLAB aims to leverage the latest web innovation to build a secured solution for local businesses.

Malaysia is scaling up multiple initiatives for businesses to embrace digital transformation yet a report by the World Bank shows that the country is running behind on productivity measures and has lower rates of technology adoption. This is because many players stop at only digitising front-end business processes such as setting up websites for online transactions and for marketing functions. With full digital transformation, the ecosystem can be enhanced to help realise the vision and objectives of the Malaysian Digital Economy Blueprint (MDEB).

INGAPORE – June 22 2022 – Digital health service provider Naluri Pte Ltd (“Naluri”) today announced it has secured a USD 7 million pre-series B funding round, led by Pruksa Group (SET:PSH), Thailand’s leading real estate development group whose business is also involved in digital health technology and healthcare operations through Vimut Hospitals.

Pruksa Group’s investment is joined by Bertelsmann Investments from Germany and Striders Corporation from Japan and is supported by several returning investors, including M Venture Partners, Palm Drive Capital, and INP Capital.

The new funding is earmarked for Naluri’s strategic expansion in Thailand and will further bolster the company’s operations in Malaysia, Singapore, and Indonesia.