Singapore, Jan 28, 2026, 15:27 SGT — Regular session
- Shares of iFAST ticked up 0.1% on Wednesday, following a 5.1% surge the day before
- ShopeePay Malaysia rolled out Money+, an in-app investing tool developed in partnership with iFAST and Eastspring
- Investors await iFAST’s results on Feb. 12 for a clearer picture of growth and expenses
Shares of iFAST Corporation Ltd edged up 0.1% to S$10.97 by 3:16 p.m. in Singapore, following a 5.1% surge the previous day. The stock hit a high of S$11.06 during the session, with roughly 1.8 million shares changing hands, compared to 3.47 million on Tuesday.
The move followed ShopeePay’s launch of “Money+” in Malaysia, an investment product created with iFAST Capital and supported by Eastspring Investments’ Islamic money market fund, according to a joint statement. Dennis Tan, CEO of iFAST Malaysia, said the offering is aimed at “idle e-wallet balances.” Eastspring Investments
ShopeePay Malaysia now counts over 2.7 million users, according to The Edge. The partners are promoting Money+ as an easy, low-barrier option, requiring just RM10 to start. Alain Yee from ShopeePay called it “rewarding and simple.” A bonus campaign running from Jan. 27 to April 27 could boost returns up to 6% annually, the report added. The Edge Malaysia
ShopeePay’s help centre notes that Money+ balances are invested in the Eastspring Investments Islamic E‑Duit Fund and shouldn’t be considered e-money or a deposit. Returns may fluctuate, and the balance isn’t covered by Malaysia’s deposit insurer, PIDM.
iFAST, a Singapore-listed company, operates a digital banking and wealth management platform distributing investment products across multiple markets. Its revenue depends on fees linked to client assets and transactions, making investors watchful for any indication that new channels might attract fresh funds.
The key issue right now is scale. A wallet feature can quickly rake in small amounts, but it must maintain momentum after promotions fade.
Early adoption is tough to measure, and “cash-like” returns usually track short-term rates that can drop fast if policy easing picks up pace. A sluggish market can also dampen retail appetite for anything tagged as “investing,” even when the fund itself is low-risk.
Sentiment in Singapore stocks stayed strong as the Straits Times Index hit a fresh record high on Tuesday, according to The Business Times.
iFAST is set to report its unaudited financial results for the year ending Dec. 31, 2025, after market close on Feb. 12, according to an SGX filing.
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