Photo credit: BayaPay

Fueled by Tech

• 500-backed fintech platform BayaPay has launched BayaFleet, an all-in-one fleet payments and expense management solution designed to combat fuel fraud, an issue costing Malaysian businesses up to MYR3.6B (US$850M) annually.
• The launch addresses growing concerns over siphoning, cash pilferage, and administrative inefficiencies plaguing the fleet operations sector. 
• Fleet managers can now monitor every fuel and vehicle-related expense in real-time, receive instant fraud alerts, and avoid overspending.
• What’s more, their programmable payment cards come with customizable financial controls and integrate seamlessly with Visa and MasterCard networks, enabling instant implementation across fuel stations and retailers.
• “Our mission is to simplify how businesses manage payments and vehicle expenses securely, and we believe BayaFleet is a bold step in that direction,” said KK Low, founder and CEO of BayaPay. “It gives fleet and finance managers real-time visibility, control over every payment transaction, and significantly lowers operational cost.”
• Read the full story here.