KUALA LUMPUR, July 17 -- Malaysian wealth management app Versa said more than 30,000 people now use its Auto Save feature, while savings placed through its platform have reached RM2.5 billion since its launch in 2021.

In a statement issued yesterday, Versa said the feature allows users to automatically channel part of their monthly income into investment products selected through the app.

"The real success story is that 30,000 of our users are now automating part of their salary for investment instead of relying on willpower alone - creating a buffer for their future selves from inflation and economic uncertainty," Versa chief executive officer Teoh Wei Xiang said.

Versa said its partnership with AHAM Asset Management Berhad, which man...