AmBank in payment tie-up with Maxis

PETALING JAYA: AmBank Group has tied up Maxis Bhd to introduce a secure contactless payment solution, mTAP via Payments Network Malaysia Sdn Bhd (PayNet), that uses a mobile device as a payment acceptance terminal to process debit and credit card transactions.

The solution is a cost-effective option to enabling more small and medium-sized enterprises (SMEs) to accept card payments.

AmBank Group CEO Datuk Sulaiman Mohd Tahir said the group was committed to support the SME ecosystem by leveraging on the fast-changing era of digitalisation.

“We saw that the consumer market, dominated by the Millennials and Gen-Y, is expecting smarter, faster and more accessible financial services. Hence, this is one of our efforts to ramp up the next wave of digital initiatives for our valued merchants and customers, ” he said.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 18
Cxense type: free
User access status: 3


Did you find this article insightful?


Next In Business News

CPO futures to trend lower on profit taking next week
WhatsApp to delay launch of update business features after privacy backlash
US National Rifle Association files for bankruptcy
Oil drops over 2% on China lockdowns, U.S. stimulus concerns
Dollar finishes week stronger as US data hurts risk appetite
GLOBAL MARKETS-Data, lockdowns weigh on stocks
Surviving another lockdown
Malaysia not alone in launching Covid-19 emergency
Short Position - Pui's challange, Online betting, lack of options,
Banks to feel impact of another OPR cut?

Stories You'll Enjoy