Earlier today, Thursday, 8th November, Public Bank Bhd announced the formation of a partnership with Revenue Group Bhd for launching the all-in-one digital payment terminals which shall reportedly be unveiled on Friday.
In a joint statement given by both parties earlier in the day, the claimed that the payment terminal, developed by Revenue, shall permit the physical retail merchants to accept both mobile wallet payments as well as card payments via a single digital payment terminal.
According to the announcement the terminal generates electronic transaction reports every business day thus enhancing operational efficiency and is powered by the Android operating platform with a wide range of connectivity that includes 4G, 3G, Bluetooth, and WiFi. And in addition to all this, the terminal also comes with a super fast thermal printer and a high definition colour touch screen display.
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.
In a statement, Public Bank’s managing director and CEO Tan Sri Tay Ah Lek said, “As at end September 2018, Public Bank has more than 60,000 electronic data capture (EDC) terminals nationwide.”
“The bank will march forward with its strategy of adding on more new acceptance services and increasing its merchant base,” Tan Sri Tay Ah Lek further added.
According to Revenue’s managing director and group CEO Eddie Ng Chee Siong, he said that payment terminal would allow its clients to manage various payment methods more efficiently.
In a statement the managing director and group CEO of Revenue, Eddie Ng Chee Siong said, “We are committed to coming up with an innovative solution and product that shall assist our customers to grow their businesses in a fast and evolving operating condition, in a time when Malaysia is moving towards a cashless society.
In a statement, Ng Chee Siong said, “Our customers can now strengthen their payment and cash management capabilities through the all-in-one digital payment terminal.”
As per revealed at the launch, mobile Quick Response (QR) code payment services such as Boost, Alipay, Union QR, Touch ‘n Go, and WeChat Pay, in addition to payments like MasterCard, MyDebit, Visa, Union Pay and JCB can also be handled by the payment terminals of the application thus making payment management even more simple and efficient for physical retail merchants.
Through this application, physical retail merchants can now accept payment through multiple channels such as chip cards, traditional magnetic stripe cards, QR codes, and near-field communications.
As per reports, the other members present at the launch were the senior general manager, retail financial services of Public Bank Chan Chiew Peng: deputy CEO of Public Bank Datuk Chang Kat Kiam; group chief technology officer Dino Ng Shih Fang and Revenue Group chief operations officer Brian Ng Shih Chiow.