Selangkah Biz brings cashless payment solution to Malaysian SMEs
By Leandra Monteiro
Selangkah has recently launched Selangkah Biz, powered by Kiple, a feature on the Selangkah app which enables businesses in Malaysia transition into a cashless business environment. The mobile application and digital solution is aimed at helping SMEs move towards a contactless and cashless business economy, Selangkah Ventures Sdn Bhd (SVSB) said in a statement.
According to media reports, the company said that with Selangkah Biz any registered businesses in Malaysia can accept cashless payments using their own devices, essentially transforming their phones into payment terminals with just a few taps.
To use this solution, merchants simply need to download the application and register to become a Selangkah Biz merchant. After which they will be provided with access to the Unified Payment Platform to receive cashless payments through multiple e-wallets and can seamlessly manage their daily transactions. The company further claims that through this solution SMEs will be able to save cost, as businesses do not need to invest additional costs into device installation and rental.
“Our local businesses have much to offer, and it is our aim to help them not only survive, but also thrive in every way that we can,” said Dr Helmi Zakariah, chief information officer of SVSB, according to media reports. “Selangkah Biz is our solution to help SMEs digitalise safely, seamlessly and quickly to advance their businesses, which in return will contribute to the nation’s growth. We saw this urgent need to digitalise and worked with Kiple to help drive this and leveraged its expertise to lay the foundations for the app that will ultimately aid SMEs to transform digitally.”
At the moment, Selangkah Biz supports e-wallet and cashless payment options such as Touch n’ Go, Boost, Grab, Razer and kiple’s own e-wallet, kiplePay. Kiple has also made it possible for merchants to monitor their overall sales through transaction records, allowing for easy daily tracking, SVSB said.
According to media reports, Tan Kay Yen, chief executive officer of KiplePay said, “Digitalisation may seem like a challenge for businesses that have yet to experience the benefits of the transformation, so we want to show them that it does not have to be a difficult process if you have the right tools.”
“We intend to make the process as seamless as possible so they can reap the benefits of these digital technologies in their daily lives,” he added.
IBSi Daily News Analysis
November 29, 2023
How Financial Cybersecurity landscape will evolve in 2024 with banking Trojans and direct payment attacksRead More
IBSi FinTech Journal
- Most trusted FinTech journal since 1991
- Digital monthly issue
- 60+ pages of research, analysis, interviews, opinions, and rankings
- Global coverage