XOX inks MoU with DGB Networks

A vending machine. Now plans are underway to have up to 1,000 next generation artificial intelligence (AI) vending machines.

KUALA LUMPUR: XOX Media Sdn Bhd had signed a memorandum of understanding (MoU) with DGB Networks Sdn Bhd, a wholly owned subsidiary of DGB Asia Bhd, to collaborate in the deployment of up to 1,000 next generation artificial intelligence (AI) vending machines.

In a statement yesterday, XOX said that the move was in line with the company’s strategy, which is to focus on different silos of its business to create more revenue streams while providing synergies to its core business that has expansion potential for its dealer base and retail footprint.

“The partnership with DGB will see XOX enhancing the ecosystem connectivity of these AI vending machines, digital content to be displayed and managed, and the increased reload touchpoints for XOX mobile, e-wallet users and new revenue potentials, ” it said.

Currently, XOX has more than two million subscribers and 9,000 dealers.

Meanwhile, in a filing with Bursa Malaysia yesterday, DGB Asia said DGB Networks will be responsible for designing, manufacturing and the marketplace deployment of the next generation intelligent vending machines.

“This collaboration will be deployed in three stages; Stage 1 will be the immediate deployment of 1,000 vending machines nationwide to DGB and XOX existing merchants, with a focus in major cities where digital adoption rates are higher. — Bernama

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