Financial Digest

CGC Digital, MDEC and PayNet collaborate to bridge MSMEs’ US$19.17bil financing gap via innovative alternative credit scoring

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Partnership signifies collective commitment to address a national-level problem statement Revolutionising credit assessment methods which will be game changer for financial sector CGC Digital Sdn Bhd, Malaysia Digital Economy Corporation (MDEC), and Payments Network Malaysia (PayNet) signed a collaboration agreement aimed at driving financial...

CGC Digital, MDEC and PayNet collaborate to bridge MSMEs’ US$19.

PayNet as the national payments network has over the years aggregated sizeable data through its product range – DuitNow , JomPAY and FPX. MSMEs who are not registered with CCM but may have registration under local councils in the country could have transaction data in any of these platforms. Ts. Mahadhir Aziz, CEO of MDEC said, “This collaboration is a testament to our commitment to drive innovation in the financial sector and address the MSMEs financing gap. The Malaysia Digital national strategic initiative and suite of PeMangkinMD programmes aim to transform our nation's digital capabilities, foster the growth of tech companies, and boost the digital economy.

 

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