MDEC collaborates with leading telco to provide access to API platform for Malaysian businesses
Photo credit: MDEC
In collaboration with the Malaysia Digital Economy Corporation (MDEC) via its Malaysia Digital Hub initiative, Axiata Digital, the digital services arm of Axiata Group Berhad, will extend the services of its Application Programming Interface (API) platform, to Malaysian businesses as a gateway into the regional marketplace, across its footprint countries in ASEAN and South Asia. (Axiata is a major Malaysian telecommunications conglomerate, whose major shareholder is the Malaysian Government’s sovereign wealth fund, Khazanah.)
MDEC’s Malaysia Digital Hub provides start-ups and tech entrepreneurs access to the connections and dynamic workspace required to achieve rapid growth. This includes facilities such as high-speed broadband and fibre optic connectivity, funding (both private and government) and facilitation opportunities and IP (Intellectual Property) Protection. Start-ups get access to a Founders Network, with founders of over 20 nationalities. It also offers growth incentives for start-ups, investors, global tech companies, accelerators, and talent builders to help businesses achieve scale.
In line with MDEC’s catalytic role in driving Malaysia’s transition towards a developed digital economy by 2020, the collaboration opens up a secure, fast, and a cost-efficient way for Malaysian-based digital and online businesses to compete in the high-growth regional digital space.
Launched in August 2015, Axiata Digital’s Mobile Internet Fulfilment Exchange (MIFE) platform has built a network of global and regional partners including major marketplaces such as the Apple App Store and Google Playstore. Through this collaboration, both parties hope to expand the distribution capabilities for Malaysian businesses to scale up, innovate, and grow their businesses faster at reduced costs.
Developed in accordance with global API standards and form, Axiata Digital’s MIFE platform provides businesses a secure access to API services and solutions. MIFE has also developed the Malaysian Access Gateway (MAG), a self-service portal for start-up companies to use MIFE’s APIs.
Axiata Digital’s platform allows for faster customer engagement, and secure payment processes by enabling billing via existing pre-paid or post-paid accounts, SMS notifications, experience username and password free user authentication and login.
Customer privacy is becoming increasingly important, and Axiata Digital and all Axiata companies uphold the highest level of customer data security and protection. For this reason, the MIFE platform was built as a plug-and-play interface, wherein companies who want to access API services can do it via MIFE without connecting to the backend systems and information.
“Malaysia continues to attract interests from start-ups and entrepreneurs worldwide. Strategically located at the heart of ASEAN, Malaysia connects businesses to a regional market of more than 625 million people. Through this collaboration with Axiata Digital, Malaysian digital and online businesses can offer better consumer experience and better monetisation opportunities. We believe this will help provide Malaysia’s start-ups unprecedented access to Axiata’s regional customer base with ease,” said Datuk Yasmin Mahmood, Chief Executive Officer of MDEC.
“We are excited to partner with MDEC and jointly fast-track the digital transformation amongst Malaysian businesses. We especially look forward for Malaysian digital and start-up companies to plug into our API platform to scale and grow their businesses not only within Malaysia but also across the other Axiata markets. Furthermore, there are additional features on MIFE that protects both customers and businesses with the highest level of security,” commented Chief Executive Officer of Axiata Digital, Mohd Khairil Abdullah.