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Merchantrade Asia (Merchantrade) is a financial service company based in Malaysia.The company's business is centered on international money transfers, foreign currency exchange, wholesale banknotes, digital payment processing and mobile telecommunications. [1]
Touch 'n Go eWallet was one of the three e-wallet services in Malaysia (the other being Boost and GrabPay) that was eligible for its users to receive an RM30 stimulus plan as part of the E-Tunai Rakyat program under the Budget 2020 plan, which encourages the adoption of cashless and mobile payment in Malaysia. [29]
The ATMs offer services ranging from domestic and cross-border cash withdrawal, domestic balance inquiry, and funds transfer. Cardholders of participating banks in Malaysia have access to these ATMs while cash advance facilities for MasterCard and Visa cardholders will be enabled soon
Money changers would assess a foreign coin for its type, wear and tear, and validity, then accept it as deposit, recording its value in local currency. The merchant could then withdraw the money in local currency to conduct trade or, more likely, keep it deposited: the money changer would act as a clearing facility.
Booking.com provides lodging reservation services for approximately 3.4 million properties, including 475,000 hotels, motels, and resorts, and 2.9 million homes, apartments in over 220 countries and territories, and in over 40 languages. It also sells flights in 55 markets and tours and activities in more than 1,300 cities.
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Wise Business allows businesses to perform cross-border money transfers. Wise Platform is a platform allowing "banks and businesses to offer their customers fast, cheap and transparent ways to manage their money across borders". [3] As of 2023, Wise partners with BlackRock for its interest bearing accounts. [36]
Exactly a year later, iMoney received US$500,000 in seed funding from Asia Venture Group. [5] Later, they received a US$140,000 (RM500,000) grant from Cradle Fund — an agency under the Malaysian Ministry of Finance, [6] and US$2 million from a group of venture capital funds including Jungle Ventures and 500 Startups. [7]