Petaling Jaya, Malaysia– Neurogine Sdn Bhd, a Malaysian innovator in financial payment solutions, announces its flagship product, Neurogine n2Tap, is the first Malaysian mobile payment software certified by Payment Card Industry Security Standards Council (PCI SSC) for meeting its rigourous mobile payment security standard, PCI Mobile Payments on Commercial off-the-shelf or MPoC.

According Neurogine Chief Executive Officer Owen Chen Chee Onn, “PCI SSC’s recognition and our achievement in passing their stringent tests is a significant milestone for both Malaysia and us.” He added this certification validates the superior quality and reliability of Neurogine n2Tap, a homegrown Malaysian innovation. It also reflects Neurogine’s commitment to deliver secure, interoperable and globally recognised mobile payment experiences.

Neurogine n2Tap joins an elite group, becoming the 10th to receive the PCI MPoC Software certification since it was introduced in November 2022. “Neurogine n2Tap has met this globally recogised PCI MPoC Software standard, ensuring secure transactions and payments on a variety of mobile devices,” explained Chen. The standard guarantees mobile payment software solutions like Neurogine n2Tap meets the highest benchmarks in security, interoperability and functionality requirements.

The PCI MPoC Software certification guarantees Neurogine n2Tap can deliver unparalleled level of security, seamless interoperability and globally acceptance. “Transactions processed through Neurogine n2Tap are shielded by robust security protocols, minimising fraud risks,” says Chen. “Our software offers seamless operations with a wide array of mobile wallets and payment terminals, regardless of location or mobile network operator. This certification fosters wider adoption by both merchants and consumers worldwide.”

While Neurogine n2Tap’s development was completed early last year, achieving the MPoC Software certification took several months involving meticulous culminating in the announcement by PCI SSC mid-July. “We are incredibly grateful to our dedicated team of developers and engineers,” said Chen. “The experience with PCI SSC was positive and we are applying our learnings for the next step, which is to be MPoC Attestation and Monitoring certified.”

This certification certainly validates the immense value proposition of Neurogine n2Tap. “We’re gearing up to roll out Neurogine n2Tap across Asia Pacific, targeting banks, financial institutions, service providers, governments, educational institutions and empowering them to interact and transact with their target audience on a wide range of mobile devices. We’re actively exploring customisation options for Neurogine n2Tap to suit the needs of various banks and government agencies in Myanmar, Malaysia, Indonesia and Cambodia,” he revealed. He attributed this expansion partly to Neurogine’s participation in the Founders Centre of Excellence (FOX) programme, an initiative by the Malaysia Digital Economy Corporation (MDEC) that aligns with the national strategic initiative, Malaysia Digital (MD). FOX is designed to drive high-potential Malaysian technology companies to new heights of innovation and market presence. The FOX programme has provided invaluable support and resources, enabling Neurogine to tailor its solutions and broaden its impact across the region.

"We are proud to celebrate Neurogine's remarkable achievement as the first Malaysian mobile payment software to be certified by the Payment Card Industry Security Standards Council (PCI SSC)," said MDEC CEO Ts. Mahadhir Aziz. "As a participant in MDEC's FOX programme, Neurogine has demonstrated exceptional commitment to security and innovation in the fintech sector. This certification is a testament to their dedication to maintaining the highest standards of payment security, and it highlights the success of our collaborative efforts to advance Malaysia's digital economy. We look forward to supporting Neurogine as they continue to set new benchmarks in the industry."

The PCI SSC MPoC Software List is available here:
https://listings.pcisecuritystandards.org/assessors_and_solutions/mpoc_software?agree=true

ABOUT NEUROGINE: POWERING FINANCIAL INCLUSION IN ASIA PACIFIC

Neurogine is a leading financial technology company in Asia Pacific, developing innovative solutions for payment systems, financial market infrastructures (FMIs), digital financial services (DFS) and endto-end complete Decentralized Finance (DeFi) platform with tokenisation. We are passionate about driving financial inclusion, economic development, and a thriving digital economy across the region. Our Mission is to expand financial inclusion, empowering individuals and businesses to access essential financial services; foster economic development with our solutions to enable efficient and secure financial transactions, fueling regional growth; enable the digital economy by providing the technology backbone for a cashless, interconnected future; and support financial stability by promoting robust and reliable financial systems for the benefit of all.

Our Approach and Solutions

We collaborate with banks, financial institutions, and government bodies throughout Asia Pacific. Together, we build safe, reliable, and efficient domestic and cross-border payment systems, underpinned by sound FMIs. This approach helps reduce poverty and fosters shared prosperity with our solutions including Neurogine nPay, a fully integrated mobile payment solution; Neurogine nBank, a comprehensive mobile banking platform; Neurogine nCard, a tokenised mobile payment platform; Neurogine n2Tap, a PCI-compliant mobile payment software (First in Malaysia!). These solutions cater to a wide range of financial needs, including large value payment systems, securities settlement, foreign exchange settlement, retail payment systems, government payments, cross-border payments and open banking platforms.

Our Achievements:

• Global Recognition: Neurogine n2Tap received PCI MPoC Software certification in July 2024, a testament to our commitment to secure mobile payments.
• Emerging Leader: We were identified as an "Emerging Giant in Asia Pacific" by KPMG-HSBC in 2022 for our mobile technology expertise.
• Innovation Hub: We actively participate in programs like the Malaysian Digital Economy Corporation's Founders Centre of Excellence, fostering a culture of innovation.

Our Commitment:

We are a responsible corporate citizen. We are:

• Investing in the future: We collaborate with Universiti Malaysia Sabah to develop the next generation of tech talent.
• Promoting biodiversity education:: We actively contribute to organisations like Labuan Chamber of Commerce, promoting Labuan as a regional hub for digital finance, and environmental conservation initiatives by supporting Gilwell Scouts Nature Park Sandakan, the first environmental educational centre in Malaysia, accredited by World Organization of the Scout Movement as a Scout Centre of Excellence for Nature, Environment and Sustainability, as its first corporate supporter and Pertubuhan Pemuliharaan Biodiversiti Seratu Aatai Sabah, dedicated to protect biodiversity and protect the highly endangered Bornean Elephants in Sabah, as its first corporate partner.
• Aligned with UN SDGs: We support United Nations Sustainable Development Goals (SDG), specifically Goals 8: Decent Work & Economic Growth, Goals 9: Industry, Innovation and Infrastructure, Goal 13: Climate Action and Goal 15: Life on Land, focusing on decent work, innovation, responsible consumption, and biodiversity preservation.

Join us in building a more inclusive and prosperous Asia Pacific!

https://www.neurogine.com/

NOTE TO EDITORS

Media Contact:

This Press Release in PDF and visual assets (JPG, PNG) are available. Please direct requests to Chooi Yew Tzen at dan.chooi@neurogine.com or 012 6523811.