Kuala Lumpur & Hong Kong, 6th July 2023 – Soft Space Sdn. Bhd. (“Soft Space”), the world’s leader in providing fintech as a service (Faas) was announced the winner at the Asia Smart App Awards (ASA) 2022/2023 for the Best Business & Commercial App category in Hong Kong recently. The award was given for their submission of their marquee product, Fasstap™, a software-based Point of Sale (SoftPOS) technology that enables any smart devices with Near-Field Communication (NFC) capabilities to accept payments without the need for bulky and expensive payment-grade terminals.  

At the same event, Soft Space also bagged the Merit Award for the same category for their FassPOS app which has been deployed in airlines to improve in-flight retail with inventory management and payment acceptance in all major currencies which enhances overall customer service.  

“We are extremely proud to raise the Malaysian flag high through our very own made in Malaysia SoftPOS technology, Fasstap™. We’d also like to thank the Hong Kong Wireless Technology Industry Association (WTIA) and Create Hong Kong under the Government of Hong Kong Special Administrative Region for the recognition. Of course, we could not have made it this far without the strong support from the Malaysia Digital Economy Corporation (MDEC) that has been pushing us to grow faster and further as well as guiding us to be the best that Asia and specifically Malaysia has to offer,” said Joel Tay, Chief Executive Officer of Soft Space.  

MDEC, an agency under the Ministry of Communications and Digital is at the forefront of driving Malaysia’s digital economy forward, offering a multitude of support and resources to entrepreneurs through the Malaysia Digital (MD) national strategic initiative and enabling PEMANGKIN programmes.

“MDEC takes pride in witnessing yet another homegrown company pushing boundaries and creating global impact. Soft Space’s triumph is set to usher in a new era of opportunities for Malaysian companies, propelling them to expand their reach and attract potential investors. We urge local businesses to embrace technological innovation, not only for domestic markets but also for international consumption. This victory stands as a testament to MDEC’s unwavering dedication in providing support to Malaysia’s digital economy, fuelling growth, and enhancing our country’s economic development. We look forward to unlocking new opportunities and facilitating the global success of our local businesses,” said Ts. Mahadhir Aziz, Chief Executive Officer of MDEC.

The Hong Kong WTIA organised its 9th edition of the Asia Smart App Awards (ASA) 2022/2023 with the funding support from Create Hong Kong of the Government of the Hong Kong SAR. This year around, the event reunited 16 co-organisers from several countries including Malaysia, Indonesia, Japan, Korea, the Mainland China, Taiwan and Singapore to further encourage the development of the expanding smart application industry.

In recent news, Soft Space made headlines by closing its Series B1 funding and raising USD 31.5 million in investment. It has also become the world’s most complete SoftPOS provider supporting all major operating systems – Android, HarmonyOS and iOS after powering Tyro, Australia’s largest electronic fund transfer Point of Sale (eftpos) provider to accept card payments with Apple’s Tap to Pay on iPhones.