Public Bank's all-in-one digital Payment Platform
Focus Malaysia 09 Nov 2018 14:32
Public Bank Berhad (“Public Bank”) is partnering with REVENUE Group Berhad (“REVENUE” or the “Company,” Bloomberg: REVENUE:MK, Reuters: REVE.KL) to launch the all-in-one digital payment terminals. This all-in-one digital payment terminal has been successfully piloted at selected merchant outlets of Public Bank and will be made available beginning 9 November 2018.
The first all-in-one digital payment terminal in Malaysia, developed by REVENUE, will simplify the payment acceptance process as it will enable the physical retail merchants to accept both card payments and mobile wallet payments in a single digital payment terminal thus providing convenience to them.
The all-in-one digital payment terminal, a fashionable and compact payment device, is powered by the Android operating platform. It comes with a high definition colour touch screen display and a super fast thermal printer that is neatly hidden below so as to maximise the screen usage for customer performing the electronic transactions.
The digital payment terminal has a wide range of connectivity, including 3G, 4G, WiFi and Bluetooth networks, enabling the physical retail merchants to process electronic transactions wirelessly and offer their customers a fast and convenient service experience.
It also generates electronic transaction reports every business day to enhance operational efficiency.
Public Bank’s Managing Director and Chief Executive Officer Tan Sri Dato’ Sri Tay Ah Lek said, “The digital payment terminal is 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. This is also in-line with Bank Negara’s vision to promote cashless society among consumers. The new all-in-one digital payment terminal will enable the Bank to provide added benefits to new and existing merchants.”
Public Bank has a diverse and wide range of merchants spanning across a variety of industry sectors, including food and beverages, retail, fashion, electronics, telecommunications and petrol stations.
Attending the launch of this all-in-one digital payment terminals are Public Bank’s valued merchant partners such as AA Pharmacy, Alpro Plus Pharmacy, Hong Kong Sasa, L’occitane and Popular Bookstore.
Mr. Eddie Ng Chee Siong, the Managing Director and Group Chief Executive Officer of REVENUE said, “With the rapid development of payment technologies in Malaysia, the all-in-one digital 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.”
REVENUE’s all-in-one digital 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.
Through this digital payment terminal, 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.
The milestone event was launched by Tan Sri Dato’ Sri Tay Ah Lek, Managing Director and Chief Executive Officer of Public Bank; Dato’ Chang Kat Kiam, Deputy Chief Executive Officer of Public Bank; Mr. Eddie Ng; Mr. Brian Ng Shih Chiow, Executive Director and Group Chief Operations Officer of REVENUE and Mr. Dino Ng Shih Fang, Executive Director and Group Chief Technology Officer of REVENUE.