Souqa Fintech’s shariah compliant financial technology division PayHalal has gained 1878% spike in its eCommerce payment volume transactions as PayHalal is gearing up fo Bursa Leap Market’s listing 3rd quarter of 2020 . Its Chief Financial Officer
Muazir Mokhtar said he is “confident that PayHalal will become World’s largest Islamic payment gateway”.
While PayHalal has signed up PT Kirana Investimina for its payment gateway and eWallet operations in Indonesia and with Multipro Resources for it’s Brunei operations, PayHalal is actively looking at expanding into the OIC markets soon.
PayHalal continues to expand its payment technology services and merchant payment Touchpoints as its signup rates are increasing month on month. PayHalal is now actively developing Wakalah eWallet, a new products which is targeted towards asnafs (under privileged Muslims) who mainly are unbanked in Malaysia.
PayHalal is in the process of applying for its eMoney IFSA approval with BNM which it expects to roll out in Q4 2020.