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Digital Cash Management Service Versa Launches Online Platform in Malaysia with Affin Hwang Asset Management
Malaysia-based
Versa, a digital cash management service provider, has confirmed the launch of its online platform through a partnership with
Affin Hwang Asset Management.
The all-digital platform may be accessed as a mobile application, Versa’s management noted. The app’s users are able to earn returns that are somewhat similar to other relatively low-risk deposit options with the added flexibility of a savings account.
Versa is an established e-service platform that has obtained approval from the Securities Commission Malaysia (SC). This was made possible when the SC revealed in 2020 that they will be making changes to the regulation allowing for online payment and digital wallet providers to sell financial market products. At present, there are two businesses that have been approved by the Malaysian SC to serve as an e-service platform. They include Versa and TNG