Posted by ezobear > 2017-02-08 20:50 | Report Abuse

I remember my professor introduced me the lending club 8 years ago & now they are a 2.5B company (dropped from 5B in 2015).

We started late but I believe it will become a good option to lender/lendee in financing their debt/interest. Let's see how MPAY utilize the P2P license to service our community. Never say never in the internet era ...

Lending Club
Founded in 2007 by Renaud Laplanche, Lending Club Corporation (NYSE: LC) is a premier player in the peer-to-peer lending space. Lending Club is a giant in the online market place that connects lenders and borrowers; the total loans issued till mid-2015 amounted to $11,167,217,348. Lending Club caters to loans for various purposes like personal finance (consolidate debt, pay off credit cards, home improvement and pool loans), business loans, patient financing (dentistry, fertility, hair and bariatric), as well as for investing. The minimum personal loan amount offered is $1,000 ($15,000 for businesses), going to a maximum of $35,000 ($300,000 for business). This popular brand became the first publicly traded online peer-to-peer lending company in the U.S., with its successful initial public offering (IPO) on the NYSE in December 2014. The company currently has a market capitalization of 5.14 billion.

Posted by Bull13 > 2017-02-08 20:59 | Report Abuse

The Edge wrote recently that at least one P2P of the six approved by SC is in talks with a bank on possible busines tie up. Could it be Mpay?

Posted by Bull13 > 2017-02-08 21:23 | Report Abuse

Bursa to introduce SME market in Q2. 98.5% of companies in Malaysia are SMEs , contributing to 30% of nation's GDP. Big SME lending market out there. Great potential for Mpay

Posted by Dorian > 2017-02-09 14:27 | Report Abuse

A good read for all.
http://www.forbes.com/sites/chrismyers/2017/02/07/3-reasons-why-fintech-is-failing/#1cc963f27b6b

Posted by ezobear > 2017-02-09 18:12 | Report Abuse

Conventional financial institute will be under challenged by Fintech, this new trend is real & certain. Malaysia still in very initial stage & nothing to fail. Let's wait for these new players come out their innovative way to serve the local market. winner surely will be highly rewarded.

Posted by Bull13 > 2017-02-10 15:26 | Report Abuse

Yes ezobear. Mpay is the ONLY fintech P2P listed company the country. Read the Edgedaily today on Dutch fintech co and related stories.

Posted by kelvinfixx > 2017-02-12 20:46 | Report Abuse

I am amazed with new group of people here, new name like bull, bear, dorian. It brought back those old memories. Many are very informed with Fintech stories around the world. MPAY AGM is coming very soon. Who is going? I am requesting my dividend. Who want dividend?

Posted by Dorian > 2017-02-13 09:31 | Report Abuse

Kelvinfixx ps request on our behalf too as its going to be the same story i bet. hurt ar.!

Posted by ezobear > 2017-02-13 09:33 | Report Abuse

The operating income did not justify any dividend payment .. i prefer the boss show me the detail plan on how to utilize the P2P license & outcome of JV with Credit China .

Posted by sarisatriya > 2017-02-13 12:22 | Report Abuse

Hi Dorian. Im flattered when u say that I was on BFM. Unfortunately, I've never been interviewed by them nor have I given any interviews on air. Haha.

Im just passionate about fintech and the opportunities it avail for the society. Conventional banking is just too oppressive (because of the interest charges) and I hope that fintech (either P2P or ECF) is able to provide financial services that is equitable, just and fair.

As depositors in the financial system, its about time we get fair returns from our money.

Posted by max_cavalera > 2017-02-16 15:26 | Report Abuse

Shares keep dropping...

Posted by JamieC > 2017-02-17 15:15 | Report Abuse

Yaaahhhoooo!!!! Price will shoot up fr here soon....faster buy lor!

Posted by Bull13 > 2017-02-17 17:46 | Report Abuse

Will Jack Ma tie up with Mpay?

Posted by Pavillion > 2017-02-18 00:56 | Report Abuse

Everybody use JM name to goreng.....(at least a dozen stock from Bursa ) including our PM and Trump...

Posted by Josephine Ong > 2017-02-20 09:39 | Report Abuse

wowowowowow

Posted by Josephine Ong > 2017-02-20 09:40 | Report Abuse

tiam tiam mali

Posted by Bull13 > 2017-02-20 09:48 | Report Abuse

Monday, 20 February 2017
Minister announces DFTZ tax exemption
image: http://www.thestar.com.my/~/media/online/2016/11/12/04/15/ong-ka-chuan-mca-1211.ashx/?w=620&h=413&crop=1&hash=AF2AB5C026560C187B03AD966750CA29E33C7E55
Second International Trade and Industry Minister Datuk Seri Ong Ka Chuan(filepic) said currently goods worth RM500 and below purchased through e-commerce were not subjected to any tax..
Second International Trade and Industry Minister Datuk Seri Ong Ka Chuan(filepic) said currently goods worth RM500 and below purchased through e-commerce were not subjected to any tax..

IPOH: The purchase of goods via the Internet, or e-commerce, worth RM1,200 and below, will be exempted from paying tax in the Digital Free Trade Zone (DFTZ).

Second International Trade and Industry Minister Datuk Seri Ong Ka Chuan said currently goods worth RM500 and below purchased through e-commerce were not subjected to any tax.

“This facility aims to reduce tax barriers to enable Malaysians to play an active role in e-commerce not only in the country but also at the international level,” he said.

Ong said this to reporters after attending the Chinese New Year celebration organised by Perak Wanita MCA here.

Also present was Wanita chief Datuk Heng Seai Kie.

At present, he said, there was no policy in which goods worth RM500 and below would not be taxable.
Under the DFTZ, the amount would be raised from RM500 to RM1,200 in the initial stage, he said.

Meanwhile, Ong said, Prime Minister Datuk Seri Najib Tun Razak would launch the DFTZ next month where Alibaba Group chairman Jack Ma will be appointed digital economy adviser to the Government. — Bernama


Read more at http://www.thestar.com.my/business/business-news/2017/02/20/minister-announces-dftz-tax-exemption/#Fh1VS7ePr4KTL8my.99

Posted by hklcheng > 2017-02-20 10:23 | Report Abuse

trap ke?

Posted by JamieC > 2017-02-20 11:49 | Report Abuse

Yaaaahhhhooooooo!!!!!!

Posted by JamieC > 2017-02-20 11:51 | Report Abuse

Hahaha...i like it when those so called experts comment as if they're damn smart coz the more they talk down the more the price rise....yeeeehaaaaaa!!!!!

Posted by Quartz > 2017-02-20 11:56 | Report Abuse

bullseye!!

Posted by hklcheng > 2017-02-20 15:57 | Report Abuse

mari sudah

Posted by thesteward > 2017-02-20 21:35 | Report Abuse

wah

Posted by max_cavalera > 2017-02-21 09:27 | Report Abuse

Looks like profit taking day

Posted by Ameera > 2017-02-21 17:59 | Report Abuse

Aiyoo..... drop!

Posted by nickfcng > 2017-02-23 10:39 | Report Abuse

Not much volume anymore. Is it a one day show?

Posted by max_cavalera > 2017-02-23 12:34 | Report Abuse

Ya i was thinking rally usually doesnt last just a day....

But it is....

Posted by bigbigboss > 2017-02-23 23:33 | Report Abuse

tomorrow may rebound

Posted by Bull13 > 2017-02-24 17:09 | Report Abuse

Hopefully this time positive QR.

Posted by Pavillion > 2017-02-24 17:18 | Report Abuse

How they make money?

Posted by Bull13 > 2017-02-25 20:10 | Report Abuse

They would hv installed the 80% PIN & wave terminals by now..

Posted by Pavillion > 2017-02-26 07:56 | Report Abuse

I use credit card daily but I never come across Taiwan made EDC machine brand Castles install at merchant....maybe small merchant. Most bank still using reliable; Verifone, Hypercom, Ingenico, Sagem

Posted by Ameera > 2017-02-26 07:59 | Report Abuse

Hopefully tomorrow don't see 0.21...

Posted by bigbigboss > 2017-02-26 16:30 | Report Abuse

i expect MOU with China will announce very soon le , the qr expect will improve ?

Posted by TEOH88 > 2017-02-27 11:31 | Report Abuse

GHL better than MPAY?

Posted by Pavillion > 2017-02-27 11:39 | Report Abuse

Ghl much better but expensive @ P.E. almost 40

Posted by Ameera > 2017-02-27 12:42 | Report Abuse

Time to collect at 0.22?

Posted by Bull13 > 2017-02-27 16:35 | Report Abuse

We hv now Samsung pay, Alibaba pay, etc. where is Mpay?

Posted by TEOH88 > 2017-02-27 17:02 | Report Abuse

Malaysian Pay?

Posted by ruffer > 2017-02-27 17:04 | Report Abuse

More like Msell.. Day by day since the last up of 0.25..

Posted by Bull13 > 2017-02-27 19:32 | Report Abuse

QR out. Improved loss...

Posted by bigbigboss > 2017-02-27 22:09 | Report Abuse

Can consider as a good result

Posted by bigbigboss > 2017-02-27 22:12 | Report Abuse

next step company will announce Final announce MOU with China?

Posted by Pavillion > 2017-02-27 22:45 | Report Abuse

All experimental stages. There are no urgency to implement/adopt. Not clear on their business model and how they makes money. I'm sure lot of investors bought blindly......just because it 20sen.

Posted by Beerbeer88 > 2017-02-28 15:06 | Report Abuse

From loss terribly to improve loss. No point to hold on as the wound took forever to recover. But for sure everyone taking the salary will be the happiest group as the loss is contributed partly to them.

Posted by Ameera > 2017-03-01 18:28 | Report Abuse

Suddently up today!

Posted by Bull13 > 2017-03-01 22:26 | Report Abuse

This month Jack Ma coming ma...

Posted by thesteward > 2017-03-01 22:46 | Report Abuse

2nd round hopefully

Posted by Ameera > 2017-03-05 11:45 | Report Abuse

When will be the 2nd round?

Posted by Bull13 > 2017-03-05 19:58 | Report Abuse

Mpay got all approvals to be ahead. Sadly they are light years behind their competitors, like Samsung pay and Alibaba pay.