Valyou – Easypaisa pioneer wallet to wallet remittance powered by Alipay’s blockchain technology.
Applicant name: Valyou Sdn Bhd
Innovation Name: An instant and secure wallet to wallet remittance service powered by Alipay’s blockchain technology from Valyou Malaysia to Easypaisa Pakistan.
Innovation Type: Solution
Website: http://www.valyou.com.my
Mission: Valyou – Easypaisa pioneer wallet to wallet remittance powered by Alipay’s blockchain technology.
Innovation Description: Malaysia currently hosts over 50K Pakistani migrant workers in Malaysia. In line with providing better financial inclusion, Telenor Microfinance Bank, in partnership with Valyou of Malaysia, has introduced Pakistan’s first blockchain-based cross-border remittance service.
Innovation Name: An instant and secure wallet to wallet remittance service powered by Alipay’s blockchain technology from Valyou Malaysia to Easypaisa Pakistan.
Innovation Type: Solution
Website: http://www.valyou.com.my
Mission: Valyou – Easypaisa pioneer wallet to wallet remittance powered by Alipay’s blockchain technology.
Innovation Description: Malaysia currently hosts over 50K Pakistani migrant workers in Malaysia. In line with providing better financial inclusion, Telenor Microfinance Bank, in partnership with Valyou of Malaysia, has introduced Pakistan’s first blockchain-based cross-border remittance service.
The service is powered by industry-leading blockchain technology developed by Alipay, the online payment platform operated by Ant Financial Services Group. This blockchain remittance service connects Telenor’s Easypaisa and Valyou, to serve the underbanked communities.
This blockchain technology integration has significantly boost the speed and efficiency of remittances from Malaysia to Pakistan, besides ensuring the money transfers are highly secure and transparent. All information stored, shared, or uploaded through the blockchain remittance platform will be encrypted with advanced protocols in order to protect users’ privacy
At Valyou we are emerging technologies can help countries meet their digital and financial inclusion goals.
Status of Innovation: In-market
Innovation Active Since: 07/18/2019
Applicant Type: Private Company
Headquarter City: Kuala Lumpur
Headquarter Country: Malaysia
Year Founded: 2016
Status of Innovation: In-market
Innovation Active Since: 07/18/2019
Applicant Type: Private Company
Headquarter City: Kuala Lumpur
Headquarter Country: Malaysia
Year Founded: 2016
Main Category
Main Category Choice: Remittance Synergies
Why do you think you should win this category?:
Valyou pioneered the money transfer solution using a mobile wallet app in Malaysia, connecting our customers to popular remittance partners worldwide, through their phones. In line with providing better financial inclusion, Telenor Microfinance Bank, in partnership with Valyou of Malaysia, has introduced Pakistan’s first blockchain-based cross-border remittance service.
Why do you think you should win this category?:
Valyou pioneered the money transfer solution using a mobile wallet app in Malaysia, connecting our customers to popular remittance partners worldwide, through their phones. In line with providing better financial inclusion, Telenor Microfinance Bank, in partnership with Valyou of Malaysia, has introduced Pakistan’s first blockchain-based cross-border remittance service.
The service is powered by industry-leading blockchain technology developed by Alipay, the online payment platform operated by Ant Financial Services Group. This blockchain remittance service connects Telenor’s Easypaisa and Valyou, to serve the underbanked communities.
At Valyou we are emerging technologies can help countries meet their digital and financial inclusion goals. This strategic three-way partnership not only offers access to both the senders and receivers, but also attractive rates and sending fees. While at the same time assurance that the money transfers are being managed securely, safely and reliably with the blockchain technology
Secondary Category
Secondary Category Choice: End-user Experience
Why do you think you should win this category?
Valyou has penetrated the local remittance industry digitally, shifting mindsets of migrants who are extremely accustomed to traditional remittance channels to now sending money with the Valyou Mobile wallet app, in 2.5 years.
Why do you think you should win this category?
Valyou has penetrated the local remittance industry digitally, shifting mindsets of migrants who are extremely accustomed to traditional remittance channels to now sending money with the Valyou Mobile wallet app, in 2.5 years.
This partnership has provided customers with more convenience and accessibility. The integration to Western Union enabled Valyou to provide real time integration and instant transfers in the last mile delivery. The receivers are now able to get funds at all Western Union Cash Out points within their vicinity.
True to Valyou’s vision of Enhancing Lives, the partnership with Western Union has increased accessibility and convenience for the migrant worker send their money home safely and reliably.
Team Members
Full Name: Jasbir Kaur
Role: Head, Product & Marketing
Linkedin: https://www.linkedin.com/in/jasbirbaldew/Full Name: Fahad
Role: IT Head
Role: Head, Product & Marketing
Linkedin: https://www.linkedin.com/in/jasbirbaldew/Full Name: Fahad
Role: IT Head
Supporting Links
Entry Representative
Full Name: Jasbir Kaur
Role: Head, Product & Marketing
Role: Head, Product & Marketing
