Revenue Group, a cashless payment solutions provider, said on Thursday it was working with the bank to offer payment acceptance and services to NETS cardholders.
The partnership among Revenue, Hong Leong Bank and NETS will cater to the increase in the number of tourists from Singapore by offering them a convenient way to pay when they shop in retail outlets under GCH Retail (Malaysia) Sdn Bhd and Guardian Health And Beauty Sdn Bhd.
GCH Retail (Malaysia) and Guardian Health And Beauty are the operators of Giant, Cold Storage, Mercato, TMC, Jasons Food Hall, G Express, Shop Smart Retail and Guardian.
Revenue managing director and group CEO Eddie Ng Chee Siong said the pilot programme for the NETS payment acceptance was at eight Giant stores, one Cold Storage store as well as nine Guardian outlets in Johor and one Guardian outlet in Malacca.
NETS cardholders can start making purchases using their NETS card from July 15, 2019 onwards at these stores and outlets.
Ng said Revenue Group would work closely together with its key customers so that NETS cardholders can shop in Malaysia.
Singapore is the top country in term of tourist arrivals accounting for 10.6 million last year.
Hong Leong Bank's managing director of personal financial services, Charles Sik said:
“One of the compelling reasons for consumers and merchants to go cashless is convenience, thus it is important to ensure that the convenience enjoyed by NETS cardholders in Singapore is extended seamlessly when they shop in Malaysia.”
Revenue expects the collaboration to help to drive its electronic transaction processing segment as it was set to gain from the electronic transaction processing fee.
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