Property360Digest E-MAGAZINE Issue #8 | Page 33

By Sarah Rae

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 .

Property360Digest e-magazine Issue # 8 - 2021