Nabil Luqman

0f9d2dd4f71434084e2b6094de1865e23abb37bb9f28ca51feeabee679ec9be2

Money

tech

entrepreneur

crypto

millionaire

website

domain

A Malaysian technopreneur has captured global attention after selling the internet domain AI.com for US$70 million (approximately RM276 million) &mdash; a figure widely regarded as the highest publicly disclosed domain name sale in history.
The buyer is Kris Marszalek, co-founder and chief executive officer of Crypto.com, who confirmed that the domain was acquired in April 2025 and paid for entirely in cryptocurrency. The transaction eclipses previous confirmed record sales, including CarInsurance.com, which sold for US$49.7 million in 2010.
The sale places AI.com among the most valuable pieces of digital real estate ever traded, highlighting the growing strategic importance of premium, category-defining domain names in the age of artificial intelligence.
A Domain Bought in Childhood
<img src="https://r2.myc.my/072d2d45063cc29648a54ade929ac86fb466664d0f69eea9f6a8be563ce14011" />
The seller, Arsyan Ismail, is a Malaysian technology entrepreneur whose connection to AI.com dates back more than three decades. In 1993, at just 10 years old, Arsyan purchased the domain for US$100, using his mother&rsquo;s credit card &mdash; a decision that reportedly earned him a scolding at the time.
According to Arsyan, the purchase was driven by a personal reason: &ldquo;AI&rdquo; are his initials. What began as a childhood curiosity would later become one of the most valuable digital assets in the world, delivering an estimated 700,000-fold return on investment.
A Career Built on Early Tech Adoption
<img src="https://r2.myc.my/ad1920b7b5c8f2454f56161cf63e946a9945a0cfafe7a8620cb0e7434ead0f83" />
Arsyan&rsquo;s early interest in the internet evolved into a long career in technology. By the age of 15, he had already launched his first internet-based project. In 2003, he worked on Kawanster, often described as Malaysia&rsquo;s first social networking platform and a local equivalent to Friendster.
He later became a senior programmer at Nuffnang, Malaysia&rsquo;s pioneering blog advertising network, before joining Friendster itself as a senior web developer. In 2013, Arsyan founded 1337 Tech, a startup focused on application development for businesses.
He was also an early believer in Bitcoin and blockchain technologies, working on cryptocurrency-related projects as early as 2014, well before digital assets gained mainstream attention.
Crypto.com&rsquo;s Strategic Bet on AI
&nbsp;<img src="https://r2.myc.my/6e04d265a3fb9c342d4878662b763664edef4ac361ce4610a53522fbdcbac2dd" />
The acquisition of AI.com is a strategic move by Marszalek, who described ownership of such a primary category domain as essential for long-term brand positioning.
Under its new ownership, AI.com now serves as the foundation for a consumer-focused AI platform offering personal AI agents. These agents are designed to go beyond basic chat functions, with capabilities that include sending messages, managing applications, trading stocks, organising work, and executing tasks across multiple apps.
According to the company, a key differentiator is the platform&rsquo;s ability to allow agents to autonomously develop missing features to complete real-world tasks, with improvements shared across the network to enhance overall performance.
A Super Bowl Launch and AGI Ambitions
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<a href="https://t.co/ac2AqjBNxj">https://t.co/ac2AqjBNxj</a> launching during Super Bowl this Sunday. The countdown begins.. <a href="https://t.co/VWX0e63xG9">https://t.co/VWX0e63xG9</a>
&mdash; Kris | ai.com (@kris) <a href="https://twitter.com/kris/status/2019960287466778984?ref_src=twsrc%5Etfw">February 7, 2026</a></blockquote>

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The platform made its high-profile debut during Super Bowl LX on 8 February, following months of quiet development. Marszalek has stated that AI.com is on a mission to accelerate the arrival of artificial general intelligence (AGI) by building a decentralised network of self-improving AI agents.
Following the acquisition, Marszalek will continue to serve as CEO of both Crypto.com and AI.com, signalling a convergence of fintech, blockchain, and artificial intelligence under a single leadership vision.
More Than Just a Web Address
Beyond its record-breaking price, the sale of AI.com underscores a broader shift in how domain names are valued. Ultra-short, recognisable domains are increasingly viewed as strategic digital assets, comparable to prime real estate in the physical world.
For Malaysia, the transaction highlights the growing presence of local entrepreneurs in high-value global technology deals &mdash; not merely as consumers of innovation, but as owners of assets that shape future digital narratives.
Reflecting on the deal, Arsyan offered one piece of advice to others navigating negotiations at this level: never over-negotiate with a billionaire. While details of the transaction remain protected by a non-disclosure agreement, the outcome speaks for itself &mdash; a childhood purchase that evolved into one of the most significant digital asset sales the internet has ever seen.
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*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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From being scolded for spending US$100 on his mum’s credit card to a multi-million-dollar investment.

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From A US$100 Purchase To A US$70 Million Payday: How Malaysian Entrepreneur Arsyan Ismail Sold AI.com For A Record Sum

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Mybox pizza hut

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KFC Treats 2

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AXE MLBB

Anthropic has introduced new restrictions to stop its Claude AI assistant from recreating specific existing video games, drawing a clearer boundary between helping users develop original projects and generating copies of copyrighted titles. The change comes as AI-powered game cloning and reverse-engineering gain attention.
The update is intended to discourage users from using Claude to reproduce another developer&rsquo;s game, even if the project is given a different name or presented as an original creation. Some developers say the restrictions affect legitimate work.
Anthropic Adds New Rules to Claude Code
&nbsp;<img src="https://r2.myc.my/60f24802f0a442934a0a3274e7df1d1591b501c525058a5e05ca76dc1f080b0a" />
<a href="https://x.com/chasmmmmmmmmmmm/status/2116062991686721968">X user Chasm</a> first highlighted the instruction around 27 October. The rule states that Claude should help build original games, games within an established genre, and projects based on a user&rsquo;s own designs and assets. It should not recreate a specific existing game, even if the user renames it or describes it as original.
Anthropic technical staff member Addy Osmani subsequently confirmed that the company had added two sentences to Claude Code&rsquo;s prompt for Opus 5.5. He said the purpose was to steer the model away from recreating another party&rsquo;s specific game because using Claude to infringe intellectual property (IP) would breach the company&rsquo;s usage policy.
Osmani stressed that the change was not intended to prevent users from making original games or developing projects inspired by a genre. He said Anthropic would keep refining the restrictions and invited developers to report incorrect refusals.
Why AI Game Cloning Is Becoming a Concern
<img src="https://r2.myc.my/3c7a28a3bf32877d3bbf1834a3be67ace2195b935e29170ace7bc4594f455e9e" />
The update comes amid a growing number of AI-assisted game recreations, ports and decompilation projects. AI coding tools have made it easier to examine existing games and create versions for other platforms.
Examples include browser-based projects inspired by Halo, Call of Duty and Grand Theft Auto, as well as mods that place characters from one franchise into another game's world.
The development has raised particular concerns for independent studios. Smaller teams may struggle to respond if someone uses an early demo to create a competing version before the original is released. Some developers have also reportedly been threatened with having unfinished games cloned and released as complete products.
One example is Digital Sun Games, which cancelled a planned public playtest for its upcoming game ReVamp amid concerns that making a demo publicly available could expose it to copying.
Valve has also acknowledged concerns about low-quality AI-generated games and clones appearing on Steam. It has encouraged developers to distinguish their games through original features and creative direction, rather than announcing a blanket ban on AI tools.
Developers Say the Restrictions May Be Too Broad
<img src="https://r2.myc.my/b539da927791d0e3d9aa657c3f7d9d08a18bf3ec008209b6b5a2e64574f786f2" />
Although aimed at preventing direct copies, the rule is reportedly affecting legitimate development tasks. Developers say Claude has declined requests involving their own games, including work on mechanics, debugging, anti-cheat systems and security reviews.
There have also been complaints about refusals involving reverse-engineering tools and basic troubleshooting, such as analysing Windows crash dumps. Anthropic has not detailed how Claude determines whether a user owns the game or assets involved.
A model may struggle to distinguish an attempt to reproduce a copyrighted title from a developer examining their own code, fixing a bug or building a familiar mechanic for an original game. This creates a challenge for AI safeguards: restrictions designed to prevent misuse could also disrupt ordinary development work.
Where Is the Line Between Inspiration and Copyright Infringement?
&nbsp;<img src="https://r2.myc.my/0891ae703153f44bd98e6dd7f48caa6d58afad1c3d2ba3101b22d441e842aa1b" />
The debate reflects longstanding challenges in video game copyright. Copyright generally protects a game's original creative expression, including artwork, music, characters and presentation, rather than broad ideas, genres or gameplay mechanics.
Developers can therefore work within familiar genres without necessarily copying another title. The distinction becomes less clear when a project reproduces a specific game's recognisable creative elements.
The boundary can be complicated, particularly when a game combines functional mechanics with distinctive creative elements. Using AI to generate a copy does not automatically remove the potential copyright concerns.
Will Anthropic&rsquo;s Restrictions Stop Game Clones?
The instruction may deter casual users, but is unlikely to eliminate AI-assisted cloning. Users determined to recreate existing titles could turn to other AI models, including open-weight or locally run systems that may not apply the same restrictions.
A prompt-level safeguard may also fail to identify every attempt to disguise a copy as an original project. At the same time, overly broad restrictions risk disrupting legitimate developers who rely on AI tools for coding, testing and troubleshooting.
Anthropic&rsquo;s move highlights the challenge facing AI companies as their tools become more capable: they must balance creative assistance with the rights of developers whose work may be reproduced. For the gaming industry, the effectiveness of the new rule will depend not only on how well it blocks direct clones, but also on whether Anthropic can refine it without preventing users from building and improving games of their own.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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Building your own game is fine. Recreating someone else's? Not so much.

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Anthropic Restricts Claude AI From Cloning Existing Video Games

Tony Lim, the entrepreneur behind Malaysian food and beverage brands BananaBro and Boat Noodle, has passed away, prompting tributes from the businesses he founded and members of the local automotive community. His death was announced through messages shared by both restaurant chains on social media on 2 November, with colleagues remembering him for his vision, determination and commitment to the people who helped build his businesses.
Lim made his mark on Malaysia&rsquo;s dining scene by bringing distinct regional food concepts into accessible, modern restaurant settings. He founded Boat Noodle in 2014, introducing a Thai street-food-inspired concept built around small bowls of noodles, allowing diners to sample different flavours in one meal. In 2018, he established BananaBro, which brought South Indian-style banana leaf rice into a contemporary, fast-casual setting. The brand&rsquo;s menu centres on banana leaf meals and familiar accompaniments, helping introduce the dining experience to a wider audience.
Founder of BananaBro and Boat Noodle Dies
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The news of Lim&rsquo;s passing was shared by BananaBro and Boat Noodle on 2 November. Reports identified him as 47, although the brands did not disclose a cause of death.
In its tribute, BananaBro described Lim as the driving force behind its ambition to bring Malaysia&rsquo;s banana leaf dining culture to a wider audience. The company said his passion, generosity and belief in the idea helped bring the brand to life, while highlighting the care he showed towards the people and journey behind the business.
The statement added that his vision would continue through every banana leaf meal served and the lives he had touched. It thanked him for his inspiration and generosity, saying his legacy would remain part of the brand.
Boat Noodle also paid tribute to its founder, remembering him as a dreamer, fighter and mentor who believed in the potential of his team. The company said Lim built the business with passion and determination, encouraging employees to keep improving, even if progress came one per cent at a time.
It also highlighted the principle &ldquo;Together We Grow&rdquo;, describing it as more than a slogan to Lim. The brand said the phrase reflected how he approached leadership and teamwork, and thanked him for the lessons and belief he had shared with those around him. It pledged to continue growing and improving in a way that would honour his legacy.
From Logistics to Malaysia&rsquo;s Food and Beverage Industry
<img src="https://r2.myc.my/a8b623bf9d6fc8e344c0c2640c3e13d35dafeb78c08121da1c1822bac6ce2082" />
Before establishing his restaurant brands, Lim had a background in the family logistics business. His LinkedIn profile listed him as joining E.H. Utara Holdings in 2005, where he served as chief executive director. The company, which has regional operations, provides logistics services including transportation, warehousing and distribution.
Lim later moved into the food and beverage sector, first launching Boat Noodle in 2014 before introducing BananaBro four years later. The two concepts offered different dining experiences: Boat Noodle drew inspiration from Thai street food, while BananaBro focused on making banana leaf rice more accessible in modern retail locations.
BananaBro&rsquo;s growth was also linked to its approach to serving traditional South Indian food in a contemporary environment. The brand adapted banana leaf dining for shopping malls and a broader customer base while retaining familiar elements of the traditional meal.
Beyond his businesses, Lim was also remembered for his involvement in the local automotive community. Art of Speed Malaysia, an automotive and art event organiser, shared a tribute on 1 November, expressing sadness over his passing and thanking him for being part of the event and the memories shared with the community.
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A Legacy Remembered by His Teams and Community
The tributes from both restaurant brands placed particular emphasis on Lim&rsquo;s leadership and the relationships he built with employees. Rather than remembering him solely as an entrepreneur, the companies described a founder who encouraged his teams to believe in themselves, persevere through challenges and develop together.
His passing marks a loss for the teams behind BananaBro and Boat Noodle, as well as the wider Malaysian food and beverage scene in which both brands have established a presence. Boat Noodle has been reported to operate 49 outlets nationwide, while BananaBro has more than 40 branches.
Although Lim is no longer there to lead the businesses he created, the messages from his teams suggest that the principles he championed will remain part of their direction. Both brands have pledged to carry forward the work he began, keeping his influence alive through their people, food and continued growth.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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His vision lives on through the brands and people he inspired.

7a18b719f4330fa9692fb04b059349f6dfe167c03d23b49c20895dbc483a385c

BananaBro & Boat Noodle Founder Tony Lim Passes Away At 47

Getting a table at Rembayung has become a challenge for diners since the restaurant opened, with strong demand and reports of booking slots being snapped up for resale leaving genuine customers struggling to secure a visit. The popular Kuala Lumpur restaurant is now hoping to make reservations fairer and easier through a new booking system developed with Grab, introducing stricter verification and limits to discourage scalpers.
Who Is Khairul Aming and What Is Rembayung?
<img src="https://r2.myc.my/b1c311a623cfc5608e7b1884b9f810864ffd4cb2585a394ce4c009580ccfe8b6" />
Rembayung is the first restaurant venture by Malaysian content creator and entrepreneur Khairul Amin Kamarulzaman, better known as Khairul Aming. After building a large following through his cooking videos and popular Ramadan recipe content, he announced the restaurant project in December 2025.
Located in Kampung Baru, Kuala Lumpur, the restaurant was developed on an 8,000-square-foot site, with a reported investment of RM4 million. Its semi-glasshouse, warehouse-inspired design combines modern features with a kampung atmosphere, using wooden elements and greenery. It can accommodate up to 250 diners and serves traditional Malay and kampung-style dishes, including masak lemak cili api, sambal udang, asam pedas and ayam rendang, alongside familiar local favourites and traditional kuih.
When its first online reservations opened in January 2026, demand was so high that the booking website became inaccessible within minutes. The overwhelming response highlighted the challenge the restaurant would face in managing reservations while accommodating its growing number of interested customers.
Rembayung Moves Reservations to Grab
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On 2 November 2026, Khairul Aming announced that Rembayung had partnered with Grab to introduce a new reservation process through the app&rsquo;s Dine Out feature and Book a Table function. The move follows complaints about scalpers allegedly securing multiple slots and reselling them at higher prices, leaving genuine diners unable to book directly.
Under the new rules, each verified Grab user can make only one reservation every two weeks. Bookings cannot be transferred or sold to another person. The customer who made the reservation must attend and bring the same phone used to book, then open the Grab app for verification at the restaurant. Screenshots or images of booking confirmations will not be accepted.
The system offers both dine-in and takeaway options. Customers can search for Rembayung in Grab&rsquo;s Dine Out section, select Book a Table, enter the number of guests, and choose an available date, time and booking type.
<img src="https://r2.myc.my/0cd4ce98d195e8d2fd0dd1dbf3f568b6fb8f11a1d0ccb631ecf6cf7b8978c705" />
Each reservation requires a RM10 deposit per person, which will be deducted from the final food bill. Babies and children are counted as guests, and a booking can accommodate up to eight people.
Bookings are final, and deposits are non-refundable if customers cancel. Tables are held for only 15 minutes after the booking time, after which late arrivals may have their reservations cancelled. Each dining session lasts around one hour and 45 minutes.
What Happens to Existing Umai Reservations?
<img src="https://r2.myc.my/c8cd0d91b1891dde52c9155bbbb44c58b37137b05fea5e55e8e98c245c2eb4fd" />
Before the Grab partnership, Rembayung used Umai to manage reservations. The platform allowed customers to compete for available slots when bookings opened, but heavy traffic caused access difficulties and long waits.
Khairul Aming said in September that the restaurant was testing a replacement system after scalping complaints. Customers who already booked through Umai do not need to make another reservation, as their existing bookings remain valid.
The Umai website was still displaying a waiting-room page at the time of the Grab announcement, and it was not immediately clear whether the platform would be discontinued entirely.
The Grab system is already open for reservations, although availability may be limited. Rembayung has indicated that around 20,000 customers had secured bookings for November, representing approximately 80 per cent of the restaurant&rsquo;s capacity for the month. Further slots are expected to be released in stages through Grab.
Can the New System Stop Reservation Scalping?
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The new rules are designed to make bulk reservations and reselling more difficult. Limiting verified users to one booking every two weeks restricts repeated reservations, while requiring the original booking phone helps the restaurant check that the person arriving is the account holder. Making bookings non-transferable also removes the option of simply passing a reservation to another diner.
However, Khairul Aming has acknowledged that tackling scalping is not easy. The new system is intended to reduce the problem and improve the booking experience, rather than guarantee that all misuse will disappear.
For diners, the key change is that reservations must now be made and verified through the Grab account and device used at the time of booking. Customers planning a visit should check the available slots and read the terms in the app carefully before paying the deposit.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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Getting a table just got a new set of rules. Will it finally keep scalpers away?

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Khairul Aming’s Rembayung Introduces Grab Booking System To Curb Scalpers

Kimi Antonelli has made Formula 1 history after becoming the youngest-ever world champion at 20 years and 68 days old, following a third-place finish at the Mexico City Grand Prix on 1 November 2026.
The Mercedes driver secured his maiden drivers&rsquo; championship with four races remaining, achieving the milestone in only his second Formula 1 season.
Antonelli finished behind race winner Max Verstappen and Lewis Hamilton in Mexico City, but his podium was enough to confirm his place at the top of the standings. His triumph also ends Italy&rsquo;s wait for a Formula 1 world champion, with Alberto Ascari the country&rsquo;s last title winner in 1953.
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Who Is Kimi Antonelli? From Karting Prodigy to F1 Champion
<img src="https://r2.myc.my/4aa786868165c8bef9d09c389c5546b707db4a7a1ce0dffc55d08e84e1a56b88" />
Born Andrea Kimi Antonelli on 25 August 2006 in Bologna, Italy, Antonelli developed an interest in motorsport from an early age. His father, Marco Antonelli, was also involved in racing, and he began karting when he was seven.
He quickly made his mark in junior competition, winning the 2015 Trofeo Easykart and Easykart International Grand Final. Further success followed in events including the WSK Champions Cup, ROK Cup International Final and WSK Euro Series.
Mercedes recognised his potential and signed him to its junior driver programme in 2019, when he was 12. He moved into single-seater racing in 2021 and continued to progress through the junior categories.
<img src="https://r2.myc.my/561a2da243a9e7b4c9a82a4cd278b73cc091de2bd5f83cbd7de221d2112d893a" />
In 2022, Antonelli won both the Italian Formula 4 and ADAC Formula 4 championships, taking 22 victories across 35 races. The following year, he claimed the Formula Regional Middle East and Formula Regional European titles.
His performances earned him a seat with PREMA Racing in Formula 2 in 2024. He secured notable wins in the Silverstone Sprint Race and Budapest Feature Race, strengthening his case for a place in Formula 1.
Mercedes promoted him to its senior team for the 2025 season, replacing seven-time world champion Lewis Hamilton, who had moved to Ferrari. Partnering George Russell, Antonelli used his rookie campaign to gain experience before making a major step forward the following year.
Antonelli Breaks Sebastian Vettel&rsquo;s Youngest Champion Record
<img src="https://r2.myc.my/077338a8e3d589a5890cdc9cf09c06e7d3069b323fe1931b45d3caa98210ed1d" />
At 20 years and 68 days old, Antonelli has become the youngest world champion in Formula 1 history, surpassing Sebastian Vettel&rsquo;s previous record.
Vettel was 23 years and 134 days old when he won his first title with Red Bull in 2010. Antonelli has therefore taken the record by more than three years.
His achievement is especially remarkable given that he is only in his second season in the sport. After finishing seventh in the 2025 drivers&rsquo; championship, he began the new campaign with a stronger understanding of the car and the demands of Formula 1.
Antonelli quickly established himself as a title contender, taking the championship lead after the Japanese Grand Prix. His early-season form included five victories across the opening six races.
One of his standout performances came at the Italian Grand Prix, where he fought back from 19th on the grid to claim victory at Monza.
By the Mexico City race, Antonelli had recorded nine wins and 16 podium finishes during the 2026 campaign. Despite losing points on two occasions because of mechanical problems, his pace and consistency kept him in control of the championship battle.
A Composed Drive Seals the Championship in Mexico
<img src="https://r2.myc.my/fe0b7b54823f79d51e635e747da25ddae3884dee9f8236ee6e43a9cea704cdee" />
Antonelli arrived in Mexico knowing that a ninth-place finish or better would be enough to secure the title, regardless of his closest rivals&rsquo; results.
Starting fourth, he delivered a controlled performance in a race disrupted by several incidents. A crash involving Valtteri Bottas brought out the red flag, while a later collision involving Arvid Lindblad and Oscar Piastri led to a Safety Car period.
Despite the interruptions, Antonelli remained composed and moved into third position, holding it until the chequered flag.
Verstappen claimed his sixth Mexico City Grand Prix victory, with Hamilton finishing second. However, the biggest celebration was in the Mercedes garage, where Antonelli&rsquo;s podium confirmed him as the 2026 world champion.
His reaction over the team radio reflected the significance of the moment, as he thanked Mercedes, his family and those who had supported his journey. Fellow competitors also praised his progress and ability to perform under pressure.
Four Races Remain, With More Action Ahead
<img src="https://r2.myc.my/6eb1e5e62d0ea9a0ec228adba954951dabd5170cd5070dcfe5ef9629c92cf777" />
Although the drivers&rsquo; championship has been decided, the 2026 season still has four races to go. The calendar continues with the Sao Paulo Grand Prix from 6 to 8 November, followed by races in Las Vegas and Qatar before the season finale in Abu Dhabi.
With the individual title settled, attention will turn to the remaining race victories, final championship positions and the battle for the constructors&rsquo; championship.
<img src="https://r2.myc.my/b88787a0548f4d7e03363385a05aa1cc0c9efb3349ee452397f40a3f63404869" />
Antonelli&rsquo;s triumph also raises the question of which racing number he will use next season. As the reigning world champion, he is eligible to use number 1 in 2027. The number is currently used by Lando Norris, who won the 2025 title and would ordinarily return to his familiar number 4.
However, Antonelli has indicated that he intends to retain number 12, which has personal significance, rather than take the champion&rsquo;s number.
Whatever number appears on his car, Antonelli will begin the 2027 campaign as the driver his rivals will be looking to beat. At just 20, he has already achieved what many drivers spend their careers pursuing. His rapid rise from karting prodigy to world champion could be only the start of an even bigger career.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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From karting prodigy to world champion at 20. The future of F1 has arrived!

bd5e451208155c920af6c3ecb15537dde0bd77478ac8bc91750a4e1872e7587e

Kimi Antonelli Makes Formula 1 History As Youngest-Ever World Champion At 20

Malaysia Airlines has warned that some customer information may have been affected by a cybersecurity incident involving Amadeus, the global travel technology provider that supports its airline reservation systems.
In a customer advisory published on 31 October, the national carrier said information processed through Amadeus between August 2023 and September 2026 may have been affected. The airline is working with the technology provider and relevant parties to investigate the incident and establish the extent of any exposure.
Malaysia Airlines has not disclosed how many customers may be affected or specified which categories of personal information were potentially accessed. It said there was currently no evidence that customers&rsquo; financial information had been accessed.
MAS untouched by data breach
<img src="https://r2.myc.my/3a395c1ceb1f11a6d0dbaa531a12b3bd5600266108dff32c3367112cbd668bd0" />
Malaysia Airlines stressed that its own information technology systems had not been compromised in the incident. Instead, the potential exposure relates to information processed through Amadeus, a third-party provider used by airlines and travel agencies around the world for reservation and distribution services.
The distinction is important: the airline has not reported a direct breach of its internal network or flight operations. However, customer information held or processed within an external supplier&rsquo;s environment may still be at risk, even when an airline&rsquo;s own systems remain secure.
Amadeus previously disclosed that it had identified unauthorised access to its passenger reservation systems, involving a vulnerability in a travel booking display environment. The company has not publicly stated how many passengers were affected or provided a full account of how the unauthorised access occurred.
<img src="https://r2.myc.my/a6dca502615da887b033baabf4b24374fb50160b8403625ecbb1ac4d70dd1ec6" />
Malaysia Airlines said it was treating the matter seriously and would provide further updates as its investigation progressed.
Other international airlines report affected bookings
&nbsp; <img src="https://r2.myc.my/f28e1ecb83a160b3b74247defa7620a6fe6753c038332d2078485a642db08a26" />&nbsp;
Malaysia Airlines is among several carriers that have reported potential exposure linked to the same Amadeus incident, with airlines in Asia among those to disclose affected passenger records.
Cathay Pacific said on 30 October that around 53,000 bookings had been affected by unauthorised access to passenger reservation data held by Amadeus. The Hong Kong-based airline said the records mainly involved booking references, passenger names and flight details. A smaller number may also have contained email addresses, telephone numbers, travel document information and frequent flyer numbers.
Japan Airlines and Japan Transocean Air reported that approximately 92,000 customers were affected. The airlines said most of the records involved reservation codes, names, flight dates, routes and travel classes, while a smaller group of around 2,000 customers had additional information accessed, including contact details, passport numbers and frequent flyer numbers.
All Nippon Airways also reported that information relating to approximately 37,800 customers had been accessed. South Korea&rsquo;s Asiana Airlines and Korean Air have likewise reported unauthorised access to customer reservation information through Amadeus.
The figures relate to different airlines and different types of records, so they should not be treated as a single confirmed total of affected passengers. Malaysia Airlines has yet to provide its own figure.
Customers warned about targeted phishing scams
<img src="https://r2.myc.my/2afadd6f4bf36fa31acbf39e230e1269ae422992c6c7482d380daab41ec8bb50" />
Although there is currently no evidence that financial information was accessed, exposed travel details could still be misused by scammers.
Information such as a passenger&rsquo;s name, booking reference, destination or travel dates could help criminals create convincing messages that appear to come from an airline. These may take the form of fake flight updates, refund notifications, booking changes or requests to verify account details.
Malaysia Airlines has therefore urged customers to be cautious about suspicious or unsolicited communications, particularly messages or calls asking for personal or financial information. Travellers should avoid clicking unfamiliar links, sharing passwords or providing payment details in response to unexpected requests.
If a message claims to relate to a booking, customers should verify it through Malaysia Airlines&rsquo; official website or customer service channels rather than relying on contact details or links supplied in the message.
Amadeus strengthens security measures as investigation continues
Amadeus has reportedly taken steps to contain the incident, including resetting passwords and introducing enhanced monitoring and detection measures. Cathay Pacific said the provider had informed it that these actions had been implemented, while also stating that there was no evidence the affected data had been misused at the time of its update.
The full circumstances surrounding the incident remain unclear. Questions remain over the vulnerability, the scope of unauthorised access and the specific information that may have been viewed.
For Malaysia Airlines customers, the key point is that the airline&rsquo;s own systems have not been compromised, but some information handled by its technology provider may have been affected. Until the investigation establishes the full impact, passengers who travelled or made bookings during the period identified by the airline should remain alert to unusual messages and verify requests through official channels.
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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Your flight details could be more valuable to scammers than you think. Stay alert and verify before you click.

623c47384c8f829d5f9bc166bc693cd6e0466e4d72d7304f7ccf9d862337f215

Malaysia Airlines Customers May Be Affected By Amadeus Data Breach

Binance is in discussions with Malaysian regulators about securing a licence to operate in the country, potentially paving the way for the cryptocurrency exchange to return more than five years after it was ordered to stop its local operations.
A spokesperson for Binance confirmed that the company has been engaging the Securities Commission Malaysia (SC) and Bank Negara Malaysia (BNM) over the past 10 months to explore a licensed route for offering its products and services to Malaysians.
Speaking to Bloomberg, the spokesperson said the discussions were focused on the viability and structure of a licensed business model. However, Binance has not disclosed which specific licence it is seeking, and there has been no announcement that regulatory approval has been granted.
The talks mark a possible step towards re-establishing the exchange&rsquo;s presence in Malaysia, where access to its website and mobile applications remains blocked.
Binance&rsquo;s regulatory history in Malaysia
<img src="https://r2.myc.my/43543d1d937790f2cc741552bc86c524ea505b984ca80220646c2aa51e4e09b3" />
Binance&rsquo;s previous operations in Malaysia were halted in July 2021, when the SC ordered the exchange to cease operating after finding that it was running a digital asset exchange without the required authorisation.
The regulator also directed Binance to stop all media and marketing activities in the country and restricted Malaysian investors from accessing its Telegram group. The action formed part of efforts to ensure that digital asset trading platforms operating locally comply with Malaysia&rsquo;s regulatory framework.
Although the SC removed Binance from its Investor Alert List in 2024, the exchange was added back to the list on 8 October 2026, without a public explanation for the decision, according to the reports.
The Ministry of Finance also confirmed in July that Binance remained unlicensed in Malaysia and that its website and applications were still blocked. The latest discussions therefore do not mean the exchange is currently authorised to provide services to Malaysian users.
For a formal return, Binance would need to satisfy the relevant regulatory requirements and obtain the necessary approvals. Malaysia&rsquo;s digital asset market already includes locally registered operators, with Luno among the established platforms serving consumers.
P2P trading platform draws scrutiny over ringgit transactions
&nbsp;<img src="https://r2.myc.my/d29ea830276c7e6ec9e4dc584b347e94ef2395ba3f6941760a03fde4a3a79836" />
Alongside its licensing discussions, Binance has faced questions about transactions on its peer-to-peer (P2P) marketplace and whether foreign-currency listings could be used to facilitate trades involving the ringgit.
In September, former finance minister and DAP chairman Lim Guan Eng wrote to the SC asking it to investigate whether Binance&rsquo;s P2P platform was enabling ringgit transactions through advertisements listed under other currency denominations. His office released the letter on 31 October, citing the exchange&rsquo;s recently reported security incident.
Binance said it had voluntarily disabled a specific Papua New Guinea kina marketplace after identifying that it was unofficially pegged to the ringgit. The company described the move as part of its engagement with the SC.
It also addressed a separate complaint involving an advertisement placed by a non-Malaysian user on its Romanian leu marketplace. Binance characterised this as an isolated case and maintained that no other products on its platform were pegged to the ringgit or offered as substitutes for the Malaysian currency.
The exchange acknowledged that no platform could completely prevent individuals from attempting to bypass marketplace rules. However, it rejected the suggestion that the incidents demonstrated a sustained effort to circumvent Malaysian law, saying it took the concerns seriously.
US$6.3 billion security incident adds to scrutiny
<img src="https://r2.myc.my/4f494f3208ae77f90448731b9e0aedb29bf8a515e3273a2973b3b7c2ee4af2ae" />
The renewed regulatory discussions come as Binance faces international scrutiny following a major security breach reported in late October. The incident involved digital assets valued at approximately US$6.3 billion (around RM25.6 billion), making it one of the largest reported security incidents in the cryptocurrency sector.
Binance said it had found no evidence that users&rsquo; wallet private keys had been leaked and maintained that customer funds remained safe. The exchange pledged to cover losses through its Secure Asset Fund for Users (SAFU) and corporate reserves. Reports also said that around US$3 billion (approximately RM12.2 billion) in affected assets had been frozen through cooperation with blockchain partners.
The incident has raised further questions about the security measures and safeguards used by major cryptocurrency platforms, particularly as regulators assess the risks associated with digital asset trading and custody.
No confirmation of Binance&rsquo;s return yet
<img src="https://r2.myc.my/ae673066e003c2ce688a89bed6a17e2aa6fc3fdefe21c92e604e9ad010b7cbce" />
Binance has reiterated that it remains committed to working with Malaysian regulators to offer its services in line with local requirements. However, the outcome of its discussions with the SC and BNM remains uncertain.
Until the necessary approvals are secured and any official announcement is made, Malaysian users should not interpret the talks as confirmation that Binance can legally resume local operations.
The exchange&rsquo;s potential return will depend on whether it can meet Malaysia&rsquo;s regulatory expectations, address concerns surrounding its P2P marketplace and demonstrate that it has appropriate safeguards for protecting users and their assets.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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A familiar name in crypto, but can it win back trust and confidence?

47986c5adf595c2b8015d9d00f360ce5d911fa3f6f822e046ec2d194aa2606e9

Binance In Talks With Malaysian Regulators To Secure Licence After Five-Year Absence

Malaysians travelling to mainland China, Hong Kong, South Korea, the Philippines and Laos can now make QR payments at participating merchants using supported Malaysian mobile banking apps. The new service, launched by Payments Network Malaysia Sdn Bhd (PayNet) through Ant International&rsquo;s Alipay+ platform, means travellers can pay directly through their existing banking app without downloading another application or signing up for an Alipay+ account.
At launch, the service is available through Maybank, CIMB and Hong Leong Bank, while Bank Islam is expected to join soon. PayNet says the service will be expanded progressively to more overseas destinations and may also be adopted by other participating banks and e-wallet providers.
How to Make Overseas DuitNow QR Payments
&nbsp;<img src="https://r2.myc.my/30170fa6e415fd999a95e15491af4230ba9c3ccc927be721add18b9ef64031b6" />
The payment process is intended to be as straightforward as using DuitNow QR at home. At a participating business displaying the Alipay+ logo, customers open the QR payment function in their Malaysian banking app and scan the merchant&rsquo;s QR code. They can then review the transaction details and confirm the payment within the same app.
Travellers do not need to download a separate app or create an Alipay+ account. However, the service currently works by customers scanning the merchant&rsquo;s QR code; it does not support the reverse arrangement in which a merchant scans a QR code displayed on the customer&rsquo;s phone. Users should check that their bank supports the feature and look for the Alipay+ logo before attempting to pay.
PayNet Extends Its Partnership with Alipay+
<img src="https://r2.myc.my/9de99645e04606afb9b28a599a7a1d7aa6b40ba995b7ded0d878e955315234cd" />
The launch builds on an existing partnership between PayNet and Ant International. Since November 2023, travellers using supported Alipay+ partner wallets have been able to pay at DuitNow QR merchants in Malaysia. That arrangement has helped local businesses, including small and medium-sized enterprises, accept payments from international visitors using participating overseas wallets.
The new outbound service extends the connection in the other direction, enabling customers of participating Malaysian banks to pay at Alipay+-supported merchants abroad. Rather than requiring travellers to learn a new payment system or register for another digital wallet, the feature uses the banking apps they already have.
PayNet chief executive officer Praveen Rajan said cross-border payments should feel as familiar as paying at home. He added that collaboration between financial institutions and international payment partners can extend Malaysia&rsquo;s national payment infrastructure beyond its borders, make spending across borders easier and strengthen the country&rsquo;s economic links with the region.
The initiative also aligns with Bank Negara Malaysia&rsquo;s broader vision for cross-border payments that are faster, more efficient and inclusive.
Cross-Border QR Payments Continue to Grow
<img src="https://r2.myc.my/2a9c025e437b8b59c5c1d4c273be1ee3f5c1d15506c38c1f81a8cd26421b9a70" />
The expansion comes amid a sharp rise in cross-border payment activity. PayNet recorded nearly 30 million cross-border transactions in 2025, approximately 150% more than in 2024. Transactions linked to mainland China accounted for much of that growth, according to the company.
Alipay+ connects more than two billion user accounts through over 50 international payment partners, with more than 150 million merchants across over 210 markets, according to Ant International. The network gives connected payment services a wider reach, although the new DuitNow QR feature is only available at participating merchants in the five destinations announced at launch.
DuitNow QR is already interoperable with payment schemes in Singapore, Thailand, Indonesia and Cambodia, allowing participating users to make cross-border payments in those markets. The latest Alipay+ launch is a separate expansion that brings outbound access through supported Malaysian banking apps to the five newly announced destinations.
PayNet will continue working with financial institutions and regional partners to bring the service to more apps and markets. Other PayNet-participating banks and e-wallet providers can also adopt the outbound QR capability, potentially allowing more Malaysians to make overseas payments through services they already use.
For travellers, the main benefit is convenience: in supported destinations, eligible users can pay by scanning a participating merchant&rsquo;s QR code through their Malaysian banking app. Before travelling, customers should confirm availability with their bank and remember that acceptance depends on the merchant displaying the Alipay+ logo.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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Cashless travel just got easier for Malaysians.

409518d772e9cbd0393d4e339807d6b18ab08d18b18719241077579bfd085722

Malaysians Can Now Use DuitNow QR To Pay In Five Overseas Destinations

Malaysia has recorded its highest-ever score in the Economic Freedom of the World index since it was introduced in 1970, although the country has slipped two places in the global rankings as other economies made faster progress.
According to the Center for Market Education (CME), Malaysia scored 7.57 out of 10 in the Economic Freedom of the World: 2026 Annual Report, improving slightly from 7.55 previously. Despite the record score, Malaysia fell from 33rd to 35th place among 165 countries and jurisdictions assessed.
In a statement issued on Monday, 19 October, the think tank said Malaysia's economic freedom had improved considerably since the beginning of the century. However, it warned that the latest ranking should not be a reason for complacency, particularly as other countries continue to implement reforms at a faster pace.
Malaysia Remains ASEAN's Second-Freest Economy
<img src="https://r2.myc.my/8afca5035a0d0b9972cef6b39abed3b1b25a2242bcf4ad10b2ed6e72a6f3234c" />
Despite its decline in the global rankings, Malaysia remains the second-freest economy in ASEAN, trailing only Singapore, which secured third place worldwide with a score of 8.43.
Malaysia continues to rank ahead of several regional economies, including Thailand in 57th place, Brunei and the Philippines in joint 61st place, and Indonesia in 72nd place.
Globally, Hong Kong topped the index with a score of 8.53, followed by Switzerland, Singapore, New Zealand and the United States.
Malaysia's score is also above the regional average of 6.99, indicating that the country's overall economic freedom remains relatively strong compared with its regional counterparts.
Nevertheless, the two-place drop highlights the difference between improving a country's own performance and keeping pace with other economies. Although Malaysia achieved a higher score, other countries made sufficient progress to overtake it in the rankings.
Malaysia's Economic Freedom Has Recovered Since the Asian Financial Crisis
&nbsp;<img src="https://r2.myc.my/f5efc3d20acd87b90e8ec65ca8a5facac8f825db5aaf4bd93400351a81f384e5" />
The CME noted that Malaysia has made considerable progress since the economic difficulties experienced during the Asian financial crisis.
According to the report, Malaysia scored 6.99 and ranked 36th in 1995 before its score fell to 6.12 in 2002 following the financial crisis, capital controls and policy disruptions.
The country's position deteriorated further, reaching 97th place in 2009. However, Malaysia has gradually improved its standing since then, reflecting its longer-term progress in economic freedom.
The latest score of 7.57 marks its strongest performance since the index was established, suggesting that Malaysia has made significant gains over the decades despite facing economic and policy challenges along the way.
The improvement also reinforces Malaysia's position as one of Southeast Asia's more economically open economies, although the latest ranking suggests there is still room for further reform.
Government Ownership Remains a Key Concern
&nbsp;<img src="https://r2.myc.my/f4d57510cb73caddb9a44fc4b7cd4032798a83df8448a27e7035f76a4597605b" />
CME chief executive officer Dr Carmelo Ferlito said Malaysia's monetary stability and relatively flexible labour market remained important strengths supporting its economic performance.
However, he warned that the government's extensive involvement in commercial activities continued to present a challenge.
According to Ferlito, government-linked companies (GLCs) and state-owned banks account for a substantial state presence in the economy, which he described as among the heaviest in the world.
He also raised concerns about public administration, stating that it had become less impartial since 2019.
While the country's record score is encouraging, Ferlito stressed that Malaysia should not become complacent as other economies continue to advance their economic reforms.
His comments highlight the ongoing debate over the role of government in the economy, particularly the balance between state participation, private-sector competition and market efficiency.
What Malaysia Needs to Do to Reach the Global Top 20
<img src="https://r2.myc.my/d231982ee21843486056da568c1d7911fcbe2fe9c0aefaf186ab4678a4075298" />
Ferlito said Malaysia would need to pursue further structural reforms if it hopes to break into the world's top 20 economies in the economic freedom rankings.
Among the measures he identified were reducing state ownership in the economy, ensuring that the civil service operates according to clear rules and remains impartial, simplifying the country's tariff structure, and opening markets to greater competition.
Reducing barriers to competition could help create more opportunities for private businesses, while clearer and more impartial public administration could support a more predictable business environment.
Simplifying tariffs could also make trade arrangements easier to navigate, potentially improving market access for businesses and investors.
However, the proposed changes would require sustained policy efforts rather than relying solely on incremental improvements in the country's overall score.
Record Score Shows Progress, But More Reforms Are Needed
Malaysia's latest economic freedom score represents a milestone, reflecting its recovery from the setbacks experienced in the aftermath of the Asian financial crisis and its subsequent improvement over the years.
Nevertheless, its fall to 35th place globally serves as a reminder that maintaining competitiveness requires continued progress as other countries strengthen their own economic policies.
With Malaysia still ranked second in ASEAN, the country has a relatively strong regional position. The challenge now is to translate that standing into further improvements in economic openness, market competition and public administration.
As highlighted by CME, reaching the global top 20 will require Malaysia to address the role of state-owned entities, strengthen impartial governance and create greater opportunities for competition.
Whether Malaysia can climb higher in future editions of the index will depend not only on maintaining economic stability, but also on how effectively it implements the reforms needed to keep pace with the rest of the world.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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Malaysia hits a record economic freedom score, but slower progress sees it slip two places in the global rankings.

8aff757719fee624bd62c48b431ee701ba53f0cc9c3586a534cdcfc762f84e6c

Malaysia Achieves Highest Economic Freedom Score Since 1970, But Slips To 35th Globally

Ryt Bank customers can now make contactless payments using their Apple devices, following the launch of Apple Pay support for the bank&rsquo;s Ryt Card on 6 October 2026. The update allows customers to add their card to Apple Wallet and pay in stores, online and through supported apps without needing to take out their physical card.
With this addition, Ryt Bank becomes the first digital bank in Malaysia to support both Apple Pay and Google Pay. The bank introduced Google Pay support in January 2026, giving Android users access to mobile payments before extending the service to Apple users.
The latest update offers customers more flexibility in how they pay for everyday purchases, from buying groceries and grabbing coffee to shopping online. It also introduces another convenient way to make payments while benefiting from the security features built into Apple Pay.
How Apple Pay Makes Everyday Payments More Convenient
<img src="https://r2.myc.my/a06634d7f0de0d8f8ba130a5be85cd48b0017e061d6bbdda0e8e0a4cec6d2fdf" />
Apple Pay allows customers to use compatible devices, including iPhones and Apple Watches, to make contactless payments at participating merchants. Instead of carrying a physical card, users can simply authenticate their payment on their device and hold it near a compatible payment terminal.
The service also works for online purchases and in-app transactions at supported merchants, allowing users to complete payments without repeatedly entering their card details.
For customers who frequently use contactless payments, adding a card to Apple Wallet can make everyday transactions quicker and more convenient. It is particularly useful when heading out without a wallet, as payments can be made directly through a compatible Apple device.
Customers who use Android devices can continue to access Google Pay with their Ryt Card, meaning Ryt Bank now supports both major mobile wallet platforms.
Apple Pay Security Features Protect Your Card Details
<img src="https://r2.myc.my/724ed1fa5a195167b50cac4b7b977fbefb8d824b9a7a4435187ed13a5a0f9b5b" />
Beyond convenience, Apple Pay includes security measures designed to protect users&rsquo; payment information.
Each transaction must be authenticated through Face ID, Touch ID or the device&rsquo;s passcode, helping ensure that payments are authorised by the device&rsquo;s owner.
Apple Pay also uses a device-specific account number and a unique security code for each transaction, rather than sharing the actual card number with merchants. Apple states that card numbers are not stored on its servers, adding another layer of protection when customers make payments.
If an iPhone is lost or misplaced, users can also use Apple&rsquo;s Find My service to mark the device as lost and suspend Apple Pay on it.
However, users should still protect their devices with a secure passcode and keep their banking applications updated.
How To Add Your Ryt Card To Apple Pay
&nbsp;<img src="https://r2.myc.my/8f90cd0d321e69e0ce6a2eb0c2d2ed8edda25d579cd43fa930c406b9029d639d" />
Ryt Bank customers can add their Ryt Card to Apple Wallet through the bank&rsquo;s app or directly through the Wallet app on a compatible Apple device.
Option 1: Through the Ryt Bank app
<ol>
<li>Open the Ryt Bank app and navigate to the Cards tab.</li>
<li>Select the option to Add to Apple Wallet.</li>
<li>Follow the on-screen instructions to complete the setup.</li>
</ol>
Option 2: Through Apple Wallet
<ol>
<li>Open the Wallet app on your compatible Apple device.</li>
<li>Tap the + button to add a card.</li>
<li>Follow the instructions to add and verify your Ryt Card.</li>
</ol>
Once the setup is complete, you can use Apple Pay wherever the service is accepted. Depending on your device and setup, you may also be able to add the card to other compatible Apple devices.
What Is Ryt Bank?
<img src="https://r2.myc.my/7838122416fdb9288b2869284ae7342adcbab30c4e9ed6c8699fea2c795f1bbc" />
Ryt Bank is a licensed digital bank in Malaysia that provides banking services through a digital platform, allowing customers to manage their finances without relying on a traditional network of physical bank branches.
It is operated by YTL Digital Bank Berhad, a joint venture between YTL Digital Capital Sdn Bhd and Sea Limited, the parent company of Shopee and Garena. The bank offers digital banking services through its mobile app, including access to its Ryt Card.
As a digital bank, Ryt Bank focuses on providing customers with accessible banking services and digital tools for everyday financial management. Its support for Google Pay and Apple Pay expands the ways customers can use their Ryt Card for cashless transactions.
Which Other Banks Support Apple Pay In Malaysia?
Ryt Bank joins several established financial institutions that already support Apple Pay in Malaysia. These include AmBank, CIMB, Hong Leong Bank, HSBC, Maybank, RHB and Standard Chartered.
Wise Payments Malaysia is also listed by Apple as a participating card issuer, although availability can vary depending on the issuer and card type.
With Apple Pay now available for the Ryt Card, Ryt Bank customers have another option for making secure, convenient payments using their preferred devices. The move also strengthens the bank&rsquo;s digital payment offerings, allowing both iPhone and Android users to enjoy mobile wallet convenience.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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Your Ryt Card just got more convenient, with seamless cashless payments.

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Ryt Bank Adds Apple Pay Support, Becoming Malaysia’s First Digital Bank To Offer Apple Pay And Google Pay

Malaysians can now access a new savings and protection plan directly through ShopeePay following an expanded partnership between ShopeePay Malaysia and Zurich Life Insurance Malaysia Berhad (ZLIMB).
The new Zurich Savings &amp; Protection Plan combines savings with life and disability protection, giving users a way to build their financial future while receiving additional coverage. The two-year plan currently starts from a single premium of RM500, with the minimum entry amount set to be lowered to RM100 in the near future.
The partnership was officially launched in Kuala Lumpur on 7 October 2026 under the theme &ldquo;Everyday Protection, Made For All&rdquo;, marking the first time ShopeePay's digital distribution partnership with Zurich has extended to its life insurance business.
What Does The Zurich Savings &amp; Protection Plan Offer?
<img src="https://r2.myc.my/02d8fdee262be6b2445a734c559a9c007eed48e7b28876a54e5e86c1b9cf1734" />
The Zurich Savings &amp; Protection Plan is a two-year, single-premium endowment plan designed to combine savings growth with life protection.
One of its key features is guaranteed cash payouts every six months, allowing policyholders to receive regular payments throughout the two-year period. The plan also provides life and disability protection equivalent to 105% of the premium paid, with the benefit payable to the policyholder or beneficiaries according to the terms of the policy.
At the end of the two-year maturity period, policyholders receive 100% principal protection, subject to the applicable terms and conditions.
There are also flexible early cash-out options for those who may need access to their money before the plan reaches maturity. However, the amount received through an early cash-out may differ from the maturity benefit, so customers should review the relevant terms before purchasing.
How To Purchase The Plan On ShopeePay
<img src="https://r2.myc.my/8d9b3b8f382f3a162388fedb4e0ec88f82a040875e60c04fc2328acdf87b31af" />
The Zurich Savings &amp; Protection Plan is available directly through the ShopeePay app, allowing users to access the product digitally without having to visit an insurance branch.
To find the plan, users can open the ShopeePay app and select &ldquo;Insurance&rdquo; from the homepage, followed by &ldquo;Endowment&rdquo;.
The launch expands ShopeePay's existing relationship with Zurich. The platform already works with Zurich General Insurance Malaysia Berhad and Zurich General Takaful Malaysia Berhad, but this is the first time its digital distribution partnership has extended to Zurich's life insurance arm.
It also builds on the earlier availability of Zurich Critical Illness insurance through the platform.
Entry Premium To Be Lowered To RM100
<img src="https://r2.myc.my/41239d4b6ec3e4396504fea8aac52d5404aaf336d4b389c532e5e6030b04823c" />
The plan currently requires a minimum premium of RM500, but Zurich and ShopeePay are planning to reduce this to RM100.
While the lower entry point has not yet been implemented, it could make the product more accessible to Malaysians who want to start building financial protection with a smaller initial commitment.
Both companies said the broader goal is to make insurance and financial protection more accessible through digital platforms that consumers already use in their everyday lives.
Junior Cho, Country CEO of Zurich Malaysia, highlighted that Malaysia's protection gap is closely linked to accessibility, saying insurers need to reach consumers where they already are rather than expecting them to seek out traditional channels.
Family Takaful Plans Coming Next Year
<img src="https://r2.myc.my/ce24b27f03d837ea0488d1e9954160c6552ede6a05201dc8e2d393731223dbe1" />
The partnership is also expected to expand into family takaful in 2027.
ShopeePay and Zurich Takaful Malaysia Berhad plan to introduce family takaful products through the platform, giving users access to Syariah-compliant protection alongside conventional insurance options.
Family takaful provides life and financial protection based on Syariah principles, offering Malaysians another option when planning for their long-term financial needs.
Zurich Savings &amp; Protection Plan At A Glance
For those considering the new product, here are the key details:
<ul>
<li>Minimum premium: RM500</li>
<li>Planned future minimum: RM100</li>
<li>Plan duration: Two years</li>
<li>Payment structure: Single premium</li>
<li>Guaranteed cash payouts: Every six months</li>
<li>Life and disability protection: 105% of premium paid</li>
<li>Principal protection at maturity: 100%</li>
<li>Early cash-out: Available, subject to the plan's terms</li>
<li>Available on: ShopeePay app</li>
<li>Access: Insurance &rarr; Endowment</li>
<li>PIDM protection: Benefits are protected by PIDM, subject to applicable limits</li>
</ul>
With the new Zurich Savings &amp; Protection Plan, ShopeePay is expanding beyond everyday payments and general insurance into life insurance, giving Malaysians another digital option to combine savings and financial protection.
The planned RM100 entry point and upcoming family takaful offerings could further widen access to financial protection, although customers should always review the product's terms, benefits and conditions before committing.
&nbsp;
*Sources: Visual and Reference Credits to Social Media &amp; various cross-references for context.
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No insurance yet? This could be a simple way to start building financial protection.