IOUpay Limited

Listed on the ASX since October 2000, IOUpay Limited (ASX:IOU) is a fintech and digital commerce software solutions and services provider, catering to leading banks, insurers, telcos and large corporates in South East Asia. The company aims to establish itself as a leading digital transaction processor in the thriving cashless markets of South East Asia.

Broadly, the IOU business is classified into Mobile Banking and Digital Payments divisions, which serve prominent banks across Malaysia, besides catering to large telecommunication companies and corporates across Malaysia as well as Indonesia.

IOU also works with telecommunication network providers to offer mobile over-the-top (OTT) services, which leverage their subscriber base to establish functional communities.

Besides these, IOU has also executed a comprehensive platform upgrade to allow new and existing business customers to access and operate its turnkey Buy Now Pay Later (BNPL) platform services.

Its flagship technology platform allows large customer communities to connect with end-user customers through any mobile device and integrate mobile technology across their existing business.

Through its unique offerings, IOU allows institutional clients to securely authenticate end-user customers. Additionally, the company enables its client base to process banking, purchase, and payment transactions.

The company operates as one of the largest digital transaction services and payment processors in Malaysia. On a monthly basis, it processes millions of customer iterations including bill payments, one-time-passwords, account enquiries, transfers, payment confirmations and other forms of secure messaging.

The company is aggressively expanding its business and enhancing its offerings. For this purpose, IOU has cracked several deals that align with the forward-moving interest of the Company.

IOU looks to tap the fast-growing population in South East Asia that represents potential customers with access to the internet through their phones to make purchases, payments, and fund transfers. IOU seems to be well poised to capitalise on the growth opportunities stemming from these favourable trends.  

The Company continues to update and add value to its network of big brands, merchant distribution channels as well as consumers, marching ahead with its first-mover advantage and large customer base.