Public Bank launches all-in-one digital payment platform
In this article (4)
Public Bank Bhd, in partnership with Revenue Group Bhd, today launched the all-in-one digital payment terminals. This all-in-one digital payment terminal has been piloted at selected merchant outlets of Public Bank and will be made available tomorrow.
Public Bank managing director and CEO Tan Sri Tay Ah Lek said the first all-in-one digital payment terminal in Malaysia, developed by Revenue, will simplify the payment acceptance process as it will enable the physical retail merchants to accept both card payments and mobile wallet payments in a single digital payment terminal thus providing convenience to them.
As at end September 2018, Public Bank has more than 60,000 electronic data capture terminals nationwide.
Tay said it will continue with its strategy of increasing its merchant base and adding on more new acceptance services.
Questions & Answers
Q.What is the primary benefit of Public Bank's new digital payment terminal for retailers?
What is the primary benefit of Public Bank's new digital payment terminal for retailers?
The new terminal simplifies payment acceptance by allowing physical retail merchants to process both card and mobile wallet payments using a single device. This provides increased convenience for them.
Q.Which company developed this new all-in-one digital payment terminal?
Which company developed this new all-in-one digital payment terminal?
The new all-in-one digital payment terminal, described as the first in Malaysia, was developed by Revenue Group Bhd. Public Bank launched it in partnership with them.
Q.What is Public Bank's strategic goal regarding its merchant services?
What is Public Bank's strategic goal regarding its merchant services?
Public Bank aims to expand its merchant base and introduce additional new acceptance services. This continues its strategy in the payment processing sector.
Reader pulse
Is this a significant payment innovation for Malaysian retail?
21,891 votes so far