KUALA LUMPUR: Cashless payment solutions provider Revenue Group Bhd has teamed up with Shopee Malaysia to boost the acceptance of the latter's mobile wallet in the country.
The collaboration signed on Tuesday would enable ShopeePay’s mobile wallet mobile or QR payment to be accepted at all of Revenue’s 35,000 merchant payment touch-points.
ShopeePay is an integrated mobile wallet and payment feature which was introduced in 2019.
ShopeePay partners with leading local banks and convenience stores to offer cash payments, bank transfers, credit card payments, and more which can be used to pay for Shopee orders online and physical store payments offline.
With the Shopee app, users can top up and withdraw e-money in their ShopeePay account through their verified bank accounts and keep track of payment transactions.
Revenue managing director and group CEO Eddie Ng Chee Siong said this is part of the company’s strategy to provide its merchant base with a wide range of payment solutions. There are more than three (3) types of payment schemes.
“The tie-up with Shopee Malaysia will further strengthen our position as the e-payment solutions provider in Malaysia and preferred partner by merchants. We look forward to adding more touch-points in Malaysia soon, ” he added.
The partnership also comes on the back of the increasing number of digital payments in recent years, with the pandemic intensifying the need for this mode of payment for safety reasons.
This includes older users over the age of 50, who have also started to adopt digital payments. This illustrates the ease of use of ShopeePay and the trust it has built among users.
Head of ShopeePay Alain Yee said this year had seen significant shifts in the way Malaysians live, work and shop online.
“Among these shifts is the accelerated move towards a cashless society. With the social distancing efforts in place, we see consumers embracing digital payments for greater convenience and security.
“The partnership with Revenue is only the beginning. Through the implementation of contactless transactions via ShopeePay, there is 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, ” he said.
From now till Dec 31, ShopeePay users can enjoy RM3 daily cashback with a minimum spend of RM15 in a single transaction at all ShopeePay enabled touch-points.
As for Revenue, it has been deploying all-in-one digital payment terminals which will accept not only debit/credit cards but also emerging payments such as QR codes on mobile wallets in Malaysia.
It expects the tie-up with Shopee Malaysia to drive its electronic transaction processing segment.
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