Tune Money is Asia's

Asia

Asia is the world's largest and most populous continent, located primarily in the eastern and northern hemispheres. It covers 8.7% of the Earth's total surface area and with approximately 3.879 billion people, it hosts 60% of the world's current human population...

 first "no-frills" online financial service previously wholly owned by Tune Group

Tune Group

Tune Group Sdn Bhd is a group of entertainment and leisure companies, founded by Malaysian entrepreneurs Tony Fernandes and Kamarudin Meranun. The group's brands includes low-cost airline Air Asia and Formula One team Lotus Racing...

 Sdn. Bhd. Its founder is Dato' Tony Fernandes

Tony Fernandes

Tan Sri Anthony Francis Fernandes CBE is a Malaysian entrepreneur and the founder of Tune Air Sdn. Bhd., who introduced the first budget no-frills airline, AirAsia, to Malaysians with the tagline "Now everyone can fly"...

, the founder of the low cost airline in Malaysia, AirAsia

AirAsia

AirAsia Berhad is a Malaysian-based low-cost airline. AirAsia is Asia's largest low-fare, no-frills airline and a pioneer of low-cost travel in Asia. AirAsia group operates scheduled domestic and international flights to over 400 destinations spanning 25 countries. Its main hub is the Low-Cost...

. Its major shareholders are Tune Ventures (44.83%), CIMB Structured Investments (25%) and Tengku Zafrul Aziz

Zafrul Aziz

Tengku Dato' Zafrul Aziz is one of the judges of the corporate reality television series The Firm, where he played himself. The show premièred prime time nationwide on ntv7 and Astro's Channel 7 in Malaysia in 2007...

 (10%), who is also its Chief Executive Officer

Chief executive officer

A chief executive officer , managing director , Executive Director for non-profit organizations, or chief executive is the highest-ranking corporate officer or administrator in charge of total management of an organization...

.

Products

Tune Money currently offers two main product lines; prepaid Visa Cards and Insurance.

Tune Money's current prepaid Visa cards are:

• Tune-In Card
• Pulse Card

Tune Money also offers insurance via its insurance and takaful

Takaful

Takaful is an Islamic insurance concept which is grounded in Islamic muamalat , observing the rules and regulations of Islamic law. This concept has been practised in various forms for over 1400 years...

division, Tune Insurance. The current Tune Insurance products are:

• Tune Personal Accident Insurance
• Tune Motor Insurance
• Tune Home Insurance
• Tune Travel Insurance