Kuala Lumpur, 30 May 2024 – Credit Bureau Malaysia Sdn Bhd (CBM) and Gkash Sdn Bhd (Gkash) have entered into a strategic partnership aimed at The collaboration has been formalized with the signing of a Memorandum of Collaboration (MOC).
This partnership focuses on several key initiatives designed to enhance efficiency and improve financial inclusivity. By leveraging on parties’ expertise, CBM on provision of credit reports and Gkash on its advanced payment gateway services, the collaboration aims to bridge financial gaps using alternative data and make payment services more accessible. Concurrently, CBM will offer credit reports, enabling seamless merchant and customer onboarding, allowing quick and efficient decision making.
This partnership is set to bring significant advancements to the credit and payment sectors, promoting financial inclusivity and improving the overall efficiency of financial services in Malaysia.
Credit Bureau Malaysia (formerly known as SME Credit Bureau (M) Sdn Bhd) is a credit reporting agency registered under the Credit Reporting Agencies Act 2010. Incorporated in year 2008, Credit Bureau Malaysia is currently jointly owned by Sunway Holdings Sdn Bhd and Credit Guarantee Corporation Malaysia Berhad (CGC), while CGC is in turn jointly owned by the Central Bank of Malaysia and commercial banks.
For more information on Credit Bureau Malaysia, please visit Credit Bureau Malaysia’s website at https://creditbureau.com.my or follow Credit Bureau Malaysia on LinkedIn at https://www.linkedin.com/company/creditbureaumy/
Gkash Sdn Bhd (Gkash) is a fintech company incorporated in 2012, providing unified payment solutions with a special focus on SMEs and corporates. As a licensed e-Money Issuer and registered Merchant Acquirer regulated by Bank Negara Malaysia (Central Bank of Malaysia) under the Financial Services Act 2013, Gkash’s main business focus is to develop Payment as a Service (PaaS) solutions and to promote the adoption of digital payment services across all market segments. Gkash is dedicated to enhancing the efficiency and reach of digital payment solutions, ensuring seamless and secure transactions for all its clients.
