{"id":5501,"date":"2025-08-30T09:00:24","date_gmt":"2025-08-30T09:00:24","guid":{"rendered":"https:\/\/softspace.com.my\/?p=5501"},"modified":"2026-06-18T03:44:52","modified_gmt":"2026-06-18T03:44:52","slug":"how-fasspay-helped-vircle-build-malaysias-first-parent-controlled-school-payment-platform","status":"publish","type":"post","link":"https:\/\/softspace.com.my\/?p=5501","title":{"rendered":"How Fasspay Helped Vircle Build Malaysia&#8217;s First Parent-Controlled School Payment Platform"},"content":{"rendered":"<p><span data-contrast=\"auto\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-5502 size-full\" src=\"https:\/\/softspace.com.my\/wp-content\/uploads\/2026\/06\/Vircle-Feature-Image.jpg\" alt=\"\" width=\"824\" height=\"576\" srcset=\"https:\/\/softspace.com.my\/wp-content\/uploads\/2026\/06\/Vircle-Feature-Image.jpg 824w, https:\/\/softspace.com.my\/wp-content\/uploads\/2026\/06\/Vircle-Feature-Image-300x210.jpg 300w, https:\/\/softspace.com.my\/wp-content\/uploads\/2026\/06\/Vircle-Feature-Image-768x537.jpg 768w, https:\/\/softspace.com.my\/wp-content\/uploads\/2026\/06\/Vircle-Feature-Image-209x146.jpg 209w, https:\/\/softspace.com.my\/wp-content\/uploads\/2026\/06\/Vircle-Feature-Image-50x35.jpg 50w, https:\/\/softspace.com.my\/wp-content\/uploads\/2026\/06\/Vircle-Feature-Image-107x75.jpg 107w\" sizes=\"auto, (max-width: 824px) 100vw, 824px\" \/><\/span><\/p>\n<p>August 2025 &#8211; <span data-contrast=\"auto\">When Debit Circles built\u00a0Vircle, Malaysia&#8217;s first family finance app for parent-controlled cashless school payments, it needed a fintech platform that could support a novel multi-child wallet architecture and satisfy Bank Negara Malaysia&#8217;s e-money requirements for serving minors. <\/span><\/p>\n<p style=\"text-align: left;\"><span data-contrast=\"auto\">That platform was\u00a0Fasspay, a subsidiary of Soft Space.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\n<p style=\"text-align: left;\"><span data-contrast=\"auto\">Built on\u00a0Fasspay&#8217;s\u00a0Fintech-as-a-Service (FaaS) infrastructure, the\u00a0Vircle\u00a0app\u00a0operates\u00a0on a parent-owned wallet model where children spend within limits their parents define, the first solution of its kind to receive BNM approval.\u00a0<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\n<p style=\"text-align: left;\"><span data-contrast=\"auto\">Since launch, it has grown to 130,000+ users across 80+ public, private, and international schools, with parent adoption jumping from 60% to 90% within the first week of going live.<\/span><span data-ccp-props=\"{&quot;134233117&quot;:false,&quot;134233118&quot;:false,&quot;335559738&quot;:240,&quot;335559739&quot;:240}\">\u00a0<\/span><\/p>\n<p style=\"text-align: left;\">Download the full case study<b><span data-contrast=\"auto\"> <a href=\"https:\/\/fasspay.com\/case-study\/Fasspay-x-Vircle-Case-Study.pdf\">here<\/a><\/span><\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>August 2025 &#8211; When Debit Circles built\u00a0Vircle, Malaysia&#8217;s first family finance app for parent-controlled cashless school payments, it needed a fintech platform that could support a<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>\n","protected":false},"author":9,"featured_media":5503,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,38],"tags":[],"class_list":["post-5501","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-company-announcement","category-company-news"],"_links":{"self":[{"href":"https:\/\/softspace.com.my\/index.php?rest_route=\/wp\/v2\/posts\/5501","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/softspace.com.my\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/softspace.com.my\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/softspace.com.my\/index.php?rest_route=\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/softspace.com.my\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5501"}],"version-history":[{"count":4,"href":"https:\/\/softspace.com.my\/index.php?rest_route=\/wp\/v2\/posts\/5501\/revisions"}],"predecessor-version":[{"id":5591,"href":"https:\/\/softspace.com.my\/index.php?rest_route=\/wp\/v2\/posts\/5501\/revisions\/5591"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/softspace.com.my\/index.php?rest_route=\/wp\/v2\/media\/5503"}],"wp:attachment":[{"href":"https:\/\/softspace.com.my\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/softspace.com.my\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/softspace.com.my\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}