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Singapore Fintech Aleta Planet Launches Payment App for Muslims in Southeast Asia
Singapore-based fintech firm Aleta Planet has unveiled MPLUS Aleta, a digital payment app tailored to the financial needs of Muslim communities across Southeast Asia.
Launched earlier this year at Singapore’s historic Ramadan Bazaar in Geylang Serai, the app offers Muslim merchants zero transaction fees for 24 months and includes a cashback program to encourage adoption and repeat use. Designed to reduce reliance on cash and credit card transactions, MPLUS Aleta aims to modernize payment systems in underserved markets.
Using QR code technology, the app allows consumers to make quick, secure payments by scanning dedicated MPLUS Aleta codes. In addition, users can explore a one-stop digital marketplace featuring Muslim-friendly businesses and services.
“MPLUS Aleta is a step forward in closing the digital payment gap in the Muslim community,” said Ryan Gwee, Founder and Group Chairman of Aleta Planet. “With Indonesia and Malaysia being the largest Muslim-majority countries in the region, we see tremendous potential for growth led by younger generations embracing digital solutions.”
The app runs on Aleta Planet’s proprietary infrastructure, creating a closed-loop payment ecosystem that enhances transaction security, privacy, and speed. This approach eliminates the need for traditional external payment networks, enabling smoother settlements and greater data protection.
Suhaimi Rafdi, CEO of MPLUS Singapore Pte Ltd, the joint-venture company behind the app, added, “We aim to build a win-win ecosystem that benefits both merchants and consumers while supporting the region’s transition to a cashless economy.”
MPLUS Aleta is now available for download on the Apple App Store, Google Play Store, and Huawei AppGallery. Aleta Planet plans to expand the app to Indonesia and Malaysia later this year.
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