Latest news with #FPX
The Sun
8 hours ago
- Business
- The Sun
Juwai IQI launches bank-grade ‘checkout' feature to protect property buyers, renters from fraud
PETALING JAYA: Malaysia's RM725 billion annual e-payment transactions could get a RM3.6 billion boost from real estate as IQI embeds a one-tap bank-grade 'checkout' button that will make every transaction fraud-resistant. 'Malaysian home buyers and renters finally have a bank-grade 'checkout' button for their purchase and rental booking fees and deposits,' said Juwai IQI co-founder COO and CIO Nabeel Mungaye. He said they created the system in partnership with payments infrastructure provider FPX, and it works with every major bank in the country, including Maybank, CIMB, Public Bank, RHB Bank and Hong Leong Bank. 'The average rental deposit is RM4,800 and the average buyer's booking fee is about RM14,500. That's a significant share of anyone's household budget, so we have a responsibility to make sure it is secure, he said, adding that this payment integration complies with anti-money laundering rules, safeguards all parties to property transactions and helps prevent property scams. Mungaye said some 300 people lose more than RM12 million to property fraud every year. The most common scams include fake rental listings, inflated deposits, fees for fake services and even sale of properties that scammers do not own. 'Malaysians transacted 28% more via digital payments in 2024 than in 2023. If every Malaysian goes on to pay their real estate booking fees via a digital payment system like IQI's, that would add RM3.6 billion in value to the country's digital payments. Real estate would boost the RM14.7 billion of annual digital payments by nearly 25%.' Mungaye believes they are the first to integrate secure payments into buying and renting through an online payments system in partnership with a top provider like FPX. He said, 'Before, you might have given cash to agents, written a cheque, or transferred funds into an agent's personal bank account. You had to wait to see if your funds made it to their destination. As of now, you just scan a QR code, add your info, and hit the button. The money goes into verified company accounts and is linked to you personally and to your property transaction. The benefits of the new system are a payments log-in you trust, instant receipts, no hidden fees, and 24-7 clearance.' Juwai IQI co-founder and group CEO Kashif Ansari said, 'The average house price across Malaysia now stands at RM486,070 and grew by 0.9% in January to March, compared to a year earlier. The number of newly launched residential units doubled to 12,498, and unsold inventory, especially serviced apartments, continued to shrink.' He added that they expect steady growth In the second half of the year, which will be supported by construction activity and new supply. Kashif said innovations like their new secure payments integration will help make property buying and renting simpler and faster, which could result in more deals done.
The Star
20 hours ago
- Business
- The Star
Paydibs named direct FPX acquirer by PayNet
KUALA LUMPUR: Paydibs, a homegrown digital payments provider, has been officially onboarded as a direct third-party acquirer for the financial process exchange (FPX) by Payments Network Malaysia Sdn Bhd (PayNet), making it one of only 10 non-bank acquirers directly connected to PayNet's FPX infrastructure. In a statement, Paydibs said the direct access enables it to process FPX transactions independently, eliminating the need for intermediaries and allowing merchants nationwide to benefit from faster settlements, improved cost efficiency and greater control. Paydibs chief commercial officer, Tee Kean Kang, said the direct connection reinforces the company's position as a merchant-first solutions provider, delivering a seamless and transparent payment experience that supports Malaysia's rapidly evolving digital economy. "At the heart of this milestone is our commitment to building a more inclusive and resilient payments ecosystem. Being directly connected to PayNet allows us to offer merchants greater control, faster access to funds and enhanced features," he said. The company stated that the development complements its ongoing strategic initiatives, including the launch of Paydibs NEO-Malaysia's first all-in-one payment terminal, which integrates QR, card, buy now pay later (BNPL), and soundbox payment features into a single device for seamless in-store transactions. Paydibs added that its role as a Digital Partner under the BSN MSME Digital Grant MADANI allows eligible businesses to adopt digital payment solutions at subsidised rates, in support of the government's push for wider digital adoption and financial inclusion. Looking ahead, the company plans to introduce embedded financing options and enhance integration with national payment infrastructure to support business continuity, operational efficiency, and long-term growth. For more information, visit - Bernama
Barnama
21 hours ago
- Business
- Barnama
Paydibs Named Direct FPX Acquirer By PayNet
KUALA LUMPUR, July 28 (Bernama) -- Paydibs, a homegrown digital payments provider, has been officially onboarded as a direct third-party acquirer for the financial process exchange (FPX) by Payments Network Malaysia Sdn Bhd (PayNet), making it one of only 10 non-bank acquirers directly connected to PayNet's FPX infrastructure. In a statement, Paydibs said the direct access enables it to process FPX transactions independently, eliminating the need for intermediaries and allowing merchants nationwide to benefit from faster settlements, improved cost efficiency and greater control. Paydibs chief commercial officer, Tee Kean Kang, said the direct connection reinforces the company's position as a merchant-first solutions provider, delivering a seamless and transparent payment experience that supports Malaysia's rapidly evolving digital economy.
Cision Canada
5 days ago
- Business
- Cision Canada
FPX Nickel Provides Update on Normal Course Issuer Bid
VANCOUVER, BC, July 24, 2025 /CNW/ - FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX" or the " Company") is pleased to provide an update on its Normal Course Issuer Bid (" NCIB") that was announced on December 2, 2024. Since December 5, 2024, the Company has repurchased a total of 720,000 common shares (" Common Shares") of the Company at an average price of $0.24 per share under the NCIB. The repurchased shares represent progress toward the Company's ability to acquire up to an aggregate of 5,000,000 Common Shares, representing approximately 2% of the Company's issued and outstanding shares, over the 12-month period ending December 5, 2025. All shares repurchased under the NCIB have been cancelled. Purchases under the NCIB continue to be executed through open market transactions on the TSX Venture Exchange, with the acquisition price determined by the prevailing market conditions at the time of each transaction. Cormark Securities Inc. is managing the NCIB on behalf of FPX. About FPX Nickel Corp. FPX Nickel Corp. is focused on the exploration and development of the Decar Nickel District, located in central British Columbia, and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite. For more information, please view the Company's website at On behalf of FPX Nickel Corp. "Martin Turenne" Martin Turenne, President, CEO and Director Forward-Looking Statements Certain of the statements made and information contained herein is considered "forward-looking information" within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement. Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. SOURCE FPX Nickel Corp.
Cision Canada
07-07-2025
- Business
- Cision Canada
FPX Nickel Receives Multi-Year Area-Based (MYAB) Permit and Commences 2025 Drilling Activities at Baptiste Nickel Project
VANCOUVER, BC, July 7, 2025 /CNW/ - FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX" or the " Company") is pleased to report that it has received a multi-year area-based (" MYAB") permit from the government of British Columbia to support the renewal of drilling activities at the Baptiste Nickel Project (" Baptiste" or " the Project") in 2025. This year's drilling program has commenced successfully, targeting the completion of geomechanical, hydrogeological, and condemnation holes to complement the Project dataset for the feasibility study and the Company's planned entry into the environmental assessment (" EA") process in the second half of 2025. Highlights Receipt of multi-year area-based permit covers all anticipated Baptiste field activities required for the feasibility study (" FS") and follows a robust engagement process with nearby First Nations communities before and throughout the permitting process Phase one FS engineering field investigations to be completed with drilling to occur over an approximate 8-week period beginning in early July Approximately 2,800 m of geomechanical, hydrogeological, and condemnation drilling is planned around the Project site for this first phase of the FS field program, with most of the meterage focused within the open-pit footprint, focused on long-lead data collection for the EA and FS Over 75% of fieldwork expenditures are anticipated to be disbursed under the terms of contracts awarded to First Nations-owned or -affiliated businesses operating in central British Columbia "We are pleased to have received the MYAB permit, which sets the stage for conducting all field activities required for the feasibility study and the commencement of the EA process," said Martin Turenne, FPX's President and CEO. "Throughout the permitting process, we have continued to benefit from our collaboration with the government of British Columbia's Critical Minerals Office, which has played an important role in ensuring a robust engagement process with all impacted First Nations. We continue to build on our inclusive relationships with the multiple First Nations communities connected to the Project, including the proposed mine site and associated off-site infrastructure such as the powerline and access road, and we are proud to support those communities in maximizing their economic participation in this year's program." Feasibility Study Field Work In connection with the environmental and cultural baseline study works ongoing at Baptiste since 2022, FPX has commenced the first phase of FS engineering field investigations. This year's program is focused on long-lead data collection that will support the EA process, as well as improved engineering definition within the open-pit footprint. Approximately 2,800 m of geomechanical drilling, hydrogeological drilling, and condemnation drilling is planned around the Project site in 2025, with most of the meterage focused within the open-pit footprint. The second phase of the FS engineering field investigation program is expected to be undertaken in 2026 and will include resource in-fill drilling, further geomechanical drilling, further hydrogeological drilling, and ex-pit geotechnical drilling. Following the completion of the second phase of engineering field investigations, the FS is expected to be completed in 2027. Cultural and Environmental Baseline Studies Cultural and environmental baseline studies have been ongoing for the Baptiste Nickel Project since early 2022 and include surface water hydrology and water quality, wildlife, vegetation, fisheries and aquatics, and archeology programs. Ongoing and expanded programs were completed in 2024 in preparation for the EA process. The 2025 program is continuing to study the Project area, and includes ongoing wildlife, climate, hydrology, water quality and hydrogeology work. The cultural and environmental studies for the Project are being conducted by local First Nations-owned and -affiliated businesses in the Project area. This approach targets the integration of First Nations perspectives into the scoping and execution of these studies and provides a strong collaborative basis for the EA process, which the Company plans to initiate in the second half of 2025. Daniel Apai, FPX's Vice President, Projects, FPX's Qualified Person under NI 43-101, has reviewed and approved the technical content of this news release. About the Baptiste Nickel Project The Company's Baptiste Nickel Project represents a large-scale greenfield discovery of nickel mineralization in the form of a sulphur-free, nickel-iron mineral called awaruite (Ni 3 Fe) hosted in an ultramafic/ophiolite complex. The absence of sulphur and our ability to connect to the BC Hydro grid means that Baptiste has the potential to be one of the lowest carbon-intensive nickel producers in the world and will produce a very high-grade product that does not require any intermediate smelting or complex refining. The Baptiste mineral claims cover an area of 453 km 2 west of Middle River and north of Trembleur Lake, in central British Columbia. In addition to the Baptiste Deposit itself, awaruite mineralization has been confirmed through drilling at several target areas within the same claims package, most notably at the Van Target which is located 6 km to the north of the Baptiste Deposit. Since 2010, approximately US$55 million has been spent on the exploration and development of Baptiste. FPX has conducted mineral exploration activities to date subject to the conditions of agreements with First Nations and keyoh holders. In 2024, the Province of British Columbia identified the Baptiste Nickel Project as the first project to be included in the Province's new Critical Minerals Office (" CMO") concierge service initiative, a provincial strategy action to enable the prioritization of critical minerals projects in B.C. The CMO initiative is providing an excellent structure to proactively identify and address issues and opportunities ahead of the Project's entry into the environmental assessment process. About FPX Nickel Corp. FPX Nickel Corp. is focused on the exploration and development of the Baptiste Nickel Project, located in central British Columbia, and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite. For more information, please view the Company's website at On behalf of FPX Nickel Corp. "Martin Turenne" Martin Turenne, President, CEO and Director Forward-Looking Statements Certain of the statements made and information contained herein is considered "forward-looking information" within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement. Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. SOURCE FPX Nickel Corp.
