KUALA LUMPUR: Public Bank Bhd has teaming up with Revenue Group Bhd to launch the all-in-one digital payment terminals which will be made available on Friday.
A joint statement on Thursday said the payment terminal, developed by Revenue, will enable the physical retail merchants to accept both card payments and mobile wallet payments in a single digital payment terminal.
The terminal is powered by the Android operating platform and it has a wide range of connectivity, including 3G, 4G, WiFi and Bluetooth networks. It comes with a high definition colour touch screen display and a super fast thermal printer. It also generates electronic transaction reports every business day to enhance operational efficiency.
Public Bank’s managing director and CEO Tan Sri Tay Ah Lek said the digital payment terminal was another ongoing initiative in Public Bank’s digital journey.
“As at end September 2018, Public Bank has more than 60,000 electronic data capture (EDC) terminals nationwide.
“The bank will continue with its strategy of increasing its merchant base and adding on more new acceptance services,” Tan said.
Revenue’s managing director and group CEO Eddie Ng Chee Siong said the payment terminal will enable its customers to manage a diverse range of payment more efficiently.
“As Malaysia is moving towards a cashless society, we are committed to develop innovative product and solution that will help our customers grow their businesses in a fast and evolving operating condition.
“The all-in-one digital payment terminal will help our customers to strengthen their payment and cash management capabilities,” Ng said.
The payment terminals can handle mobile Quick Response (QR) code payment services including Alipay, Boost, Touch ‘n Go, UnionPay QR and WeChat Pay, as well as card payments such as Visa, MasterCard, MyDebit, JCB and UnionPay, making payment management simpler and more efficient for physical retail merchants.
Physical retail merchants will be able to accept payment through multiple channel involving QR codes, near-field communications, chip cards and traditional magnetic stripe cards.
Also present at the launch were deputy CEO of Public Bank Datuk Chang Kat Kiam; senior general manager, retail financial aervices of Public Bank Chan Chiew Peng; Revenue Group chief operations officer Brian Ng Shih Chiow and group chief technology officer Dino Ng Shih Fang.
Source: KLSE Screener