Singapore-based fintech company Aleta Planet has announced it has secured Money Services Business Class B and E-Money Issuer licences from Bank Negara Malaysia. These licences will enable the company to provide remittance and e-money services in Malaysia, marking the country as its second ASEAN hub.
The newly acquired licences complement Aleta Planet’s existing merchant acquirer licence, which allows the company to process credit and debit card payments. Founder and Group Chairman Ryan Gwee highlighted the significance of this development, stating, “Securing this approval from Bank Negara Malaysia is a key milestone for Aleta Planet as we expand our footprint in the region.”
Malaysia’s digital payments landscape is rapidly evolving, with the total transaction value projected to reach RM1.13t in 2026. This growth is driven by robust trade activity, with the country’s total trade value surpassing RM3t in 2025. Non-bank e-remittance volumes have also increased by 11%, reaching RM14.1b annually.
Aleta Planet aims to support Malaysia’s economic growth by facilitating high-value trade and payment flows, particularly for Chinese investors and tourists, as well as Malaysian exporters in sectors like machinery, technology, and agriculture. The company’s expansion strategy focuses on scaling trade and travel sectors between Malaysia and Singapore, enhancing cross-border payments, and supporting remittance and investment flows within ASEAN.
Founded in 2014, Aleta Planet is a global payments technology company operating across multiple regions, including Singapore, Hong Kong, Dubai, Malaysia, and Canada.
