Cashless payment solutions provider Revenue Group has teamed up with Shopee Malaysia in an agreement to expand the acceptance of the ShopeePay mobile wallet in the country. The partnership will allow ShopeePay’s mobile QR payment to be accepted at Revenue Group’s 35,000 merchant payment touch-points across Malaysia.
According to Revenue Group managing director and group chief executive Eddie Ng, this move is part of the firm’s strategy to enable its merchant base with a wide range of payment solutions. “The tie-up with Shopee Malaysia will further strengthen our position as the e-payment solutions provider in Malaysia and preferred partner by merchants,” said Ng. “We look forward to adding more touch-points in Malaysia soon.”
The partnership also follows as the number of digital payments have increased in recent years, with the pandemic amplifying the need for this mode of payment. Consumers have been embracing digital payments for greater convenience and security, including even older users over the age of 50.
“Through the implementation of contactless transactions via ShopeePay for a safer interaction between customers and sellers, as well as the benefits and rewards that ShopeePay offers upon usage, more Malaysians are encouraged to shop,” said ShopeePay head Alain Yee. “Eventually, we want to be able to drive local consumption and help generate income for the nation as it enters the recovery phase.”
ShopeePay is a mobile wallet and payment feature that is integrated within the Shopee mobile app. It was first introduced for use within the online shopping platform in July 2019, before being expanded to offline use at selected merchants earlier this year. Currently, ShopeePay users can enjoy RM3 daily cashback with a minimum spend of RM15 in a single transaction at all ShopeePay enabled merchants until 31 December.
(Source: The Edge Markets)