AIZO Group Berhad (“AIZO” or the “Company“), today announced that Uniqa (M) Sdn. Bhd. (“Uniqa”) a 60% owned subsidiary of Techmile Resources Sdn Bhd (“Techmile”) which in turn is a wholly-owned subsidiary of AIZO, has been granted a Class B Money Services Business (“MSB”) Licence (Remittance Only) by Bank Negara Malaysia (“BNM”), marking the Company’s strategic entry into the regulated remittance and cross-border payment services sector.
The licence, issued pursuant authorises Uniqa to conduct remittance services, enabling the company to facilitate international money transfers for individuals and businesses. The valid for a period of one year until 3 March 2027.
The approval represents an important step in AIZO’s broader strategy to diversify into financial technology-enabled services and strengthen its participation in Malaysia’s growing digital payments and cross-border financial services ecosystem.
With increasing regional trade flows, migrant remittances and digital commerce activities across Southeast Asia, the remittance sector continues to demonstrate strong structural demand. Through Uniqa’s newly secured licence, AIZO intends to develop compliant and efficient remittance solutions that leverage technology-driven platforms to facilitate secure and seamless cross-border transactions.
Dato Abang Abdillah Izzarim, the Executive Chairman of AIZO commented,
“The approval of the Money Services Business licence for Uniqa marks a meaningful milestone for AIZO as we expand beyond our traditional operating segments into regulated financial services. This initiative reflects the Group’s ongoing efforts to diversify revenue streams and capture opportunities emerging from the rapid growth of digital payments and cross-border financial transactions in the region.
With the regulatory framework now in place, we intend to progressively develop Uniqa’s remittance capabilities through technology platforms and strategic partnerships, while maintaining the highest standards of compliance and governance required by Bank Negara Malaysia.”
Looking ahead, AIZO believes the addition of regulated remittance services complements the Group’s broader strategy of building a more diversified and resilient business portfolio. The Group will continue to evaluate opportunities that leverage technology and regulatory frameworks to unlock new growth avenues while maintaining its focus on operational excellence across its existing core segments.
For more information, visit https://aizo.com.my/
