Sunway Mall reportedly setting aside over RM500m each for 3 new mall openings

Sunway Mall is set to open three new shopping malls in areas such as Johor, Penang and Perak in a span of four years. According to The Star, approximately RM500 million to RM1 billion will be set aside for each of the malls.In the article, Sunway Mall and Theme Parks chief executive officer HC Chan said the company saw growth last year and attributed it to the festive spending. As consumers are leaning towards the use of online payment methods, Chan added that retailers are also jumping into eCommerce for an online presence. As such, Sunway Mall organised conferences for companies with e-wallet payment modes such as FavePay, GrabPay and many others. This also comes in line with Bank Negara Malaysia's roadmap towards a "cashless society", the article said. A+M has reached out to Sunway Mall for additional information.Meanwhile, more malls in Malaysia are getting on the cashless hype. In November, AEON Group rolled out its AEON Wallet mobile app and AEON Member Plus Visa Card to show support for the government’s aim of turning Malaysia into a cashless society. It also aims to dispel the notion that cashless payments are neither secure nor user-friendly.Not long before that, homegrown cashless grab-and-go convenience store Funmaii launched its second outlet at Bandar Puteri, Puchong, in a bid to become a major player in the cashless retail ecosystem.Funmaii-branded stores offer daily necessities coupled with the convenience of electronic payment, allowing consumers to make payment via the Funmaii e-wallet app service or by credit card. The Funmaii e-wallet app service also allows consumers to track their expenses and redeem rewards in the form of discount vouchers, extra credit and rebates.Read also:Sunway unveils influencer-led branded reality show with Grab and SamsungSunway sheds spotlight on Chinese clans with 3 witty videosSunway Malls wants to unite Malaysians with food this National Day