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Alibaba to support Malaysian fintech firm Instapay’s e-wallet
Alibaba Cloud partnered with Malaysian fintech Instapay Technologies to strengthen financial services for unbanked and underbanked workers in Malaysia.
The deal uses Alibaba Cloud’s local infrastructure to support Instapay’s digital payment platform, including its e-wallet and prepaid Mastercard, with a focus on scalability, resilience, and regulatory compliance.
Instapay, regulated by Bank Negara Malaysia, provides payroll and remittance services for migrant workers.
The partnership aims to speed up service deployment, ensure high availability, and support financial inclusion, while helping Instapay meet regulatory standards and expand in Southeast Asia’s fintech market.
🔗 Source: Alibaba Cloud
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