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Payments Network Malaysia Sdn Bhd (PayNet) has introduced the PayNet Fintech Hub, the nation's first accelerator and community hub dedicated entirely to fintech innovation. This initiative aims to accelerate the growth of Malaysia's fintech industry by offering startups access to funding, mentorship, strategic collaborations, and global market exposure.
Google has announced a $2 billion (RM9.5 billion) investment to develop its first data center and cloud region in Malaysia, marking a significant milestone in the country's digital transformation. The facility will be located in Sime Darby Property's Elmina Business Park, Greater Kuala Lumpur, and is aimed at meeting the growing demand for cloud services and AI-driven solutions.
A recent report by EconWorks, a local economic consultancy, highlights the significant impact of Grab's services on Malaysia's economy. In 2023 alone, Grab contributed RM9.9 billion, accounting for approximately 0.5% of the nation's Gross Domestic Product (GDP).
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