back Back

Selangkah Biz brings cashless payment solution to Malaysian SMEs

By Leandra Monteiro

March 23, 2021

  • Malaysia
  • Selangkah
Share

 Selangkah, cashless payment, Kiple, Malaysian, SMEs, e-wallet 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.

Previous Article

March 23, 2021

Kaleyra forms new agreement with Visa to enhance digital payments in LAC

Read More
Next Article

March 23, 2021

Goldman Sachs and EBRD to invest in Turkish FinTech DgPays

Read More






IBSi Daily News Analysis

UK, Bank

July 12, 2024

Malaysia

Global securities lending revenue sees sharp 16% decline to $2.53bn in Q2 2024, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

July 12, 2024

Nuvei and Mastercard team to enable crypto to fiat conversion

Read More

July 12, 2024

Payset and ClearBank partner for local and cross-border payments

Read More

July 12, 2024

Network International launches Business Payment Solutions with Mastercard

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
Wealth Management & Private Banking Systems Report Q2 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2024