Digital payments spur RGB’s level of sales

The coming financial year could also see a higher number of the company’s EDC terminals in the market and resilient contribution from online transactions such as Taobao and Lazada, it said.

PETALING JAYA: Revenue Group Bhd’s (RGB) is expected to record a higher level of sales in its financial year 2022 (FY’22) ending June 30, even as its recent fourth quarter earnings came within a research house’s expectations.

The higher level of sales is anticipated to be driven by financial institutions when they replace the older models of the electronic data capture (EDC) terminals while the merchants may demand more of such terminals, said UOB Kay Hian Research (UOBKH).