US$5.6mil Mida grant to boost Soft Space to next level
1:1 matching provide to be used in R&D into new varieties of fee solutions Mida became ‘pretty useful,’ account manager ‘believed in what we do’ SOFT Space International, whose mobile factor of sale (mPOS) solution has been adopted by way of a number of the principal banks inside the vicinity, has been permitted for a 1:1 matching grant well worth RM18.4 million (US$5.6 million) via the Malaysian Investment Development Authority (Mida). [RM1 = US$0.31] The grant, beneath the RM1 billion Domestic Investment Strategic Fund (DISF), might permit the startup to move to the following stage and turn out to be a “payment innovator,” its director of corporate and strategy making plans Chris Leong (percent) instructed Digital News Asia (DNA) these days. “The money can be used for research and improvement (R&D) into new products – we need to have a look at exclusive strategies of payment,” he said, adding that this will encompass digital wallets, in addition to using analytics i...