AmBank has partnered Digi Telecommunications (Digi) in a bid to step up its digital strategy by opening up its wide merchant network. This ‘e-payment’ partnership will accept Digi’s vcash QR code as an additional payment service and will take a two-pronged approach.
Firstly, AmBank’s merchant point-of-sale (POS) terminals will be enabled to accept vcash QR code transactions via Digi’s vcash mobile app. Secondly, Digi will be signing up small and mid-sized enterprise (SME) merchants under the Master Merchant programme with AmBank to bring on-board more merchants to accept vcash payments.
This partnership also aims to drive growth for SMEs across different industry verticals and enable 10,000 terminals in the next 12 months to accept Digi's e-payment solution. Through this, Digi and AmBank will be able to leverage their respective fields of expertise and iterate upon existing offerings to provide an innovation for SMEs from both a cost and growth perspective. In addition, SMEs are able to future-proof their businesses by adopting these next generation payment terminals.
Dato' Sulaiman Mohd Tahir, group chief executive officer of AmBank Group said the tie-up with Digi would complement the company’s efforts in broadening its product offerings to existing and new merchants while staying relevant and competitive in the digital landscape. He added that this is also part of its ongoing efforts to support Bank Negara Malaysia’s aim to accelerate the country’s migration to become a cashless society through e-payment methods.
“In advancing eWallet payment technology, we are working on more strategic partnerships to offer wider acceptance to our customers. We embrace and appreciate these technology companies by complementing their product with our service,” Dato' Sulaiman said.
He added that AmBank will be introducing eRemittance promotions for its customers to remit money to their children studying abroad. He also said that AmBank is designing and implementing new solutions to provide its customers with a convenient, value-added and seamless online banking experience.
“Partnering AmBank to roll out seamless payment experiences on a smartphone via vcash and POS terminals will benefit end users with the convenience of paying with their smartphones, and offer more merchants the security of accepting e-payments. Our aim is to continue playing a key role in advocating and educating Malaysians on the ease and safety of going cashless by providing a simple, convenient solution – vcash – that works for everyone,” Digi’s chief executive officer Albern Murty said.