Key highlights:-
- PUC Berhad (“PUC”) partners with REVENUE Group Berhad (“REVENUE”) to launch the first QR based Online to Offline (“O2O”) transaction convenience in Malaysia facilitating eVouchers and eDeals redemption under REVENUE’s unified digital payment terminals
- PUC also taps into REVENUE’s existing network of electronic data capture (“EDC”) terminals nationwide for local merchants to accept Presto Wallet as a payment option instantly
Kuala Lumpur, December 5, 2018 – ACE Market-listed company, PUC Berhad (“PUC”), today announces a partnership with REVENUE Group Berhad (“REVENUE”), a Malaysian cashless payment solutions provider, to launch a QR based Online to Offline (“O2O”) transaction convenience under REVENUE’s unified digital payment terminals.
PUC is the first in Malaysia to launch this partnership and will facilitate O2O eVouchers and eDeals redemption as their latest offerings in cashless transactions to merchants and consumers.
This collaboration will further see greater convenience to both merchants and consumers allowing them to redeem deals, eVoucher purchases and services at F&B outlets, petrol stations, click & collect hubs using QR-based solution and at the same time eliminating the time consuming, cumbersome physical voucher redemption procedures at point of sale.
Group Managing Director and Chief Executive Officer of PUC, CHEONG Chia Chou highlights, “This partnership is a milestone for PUC as Presto will be the first in Malaysia to enable O2O transaction convenience through the usage of QR codes. In this digital age, QR codes are becoming increasingly popular and this partnership will further encourage the adoption of digital lifestyles among local consumers.”
Mr Eddie Ng Chee Siong, the Managing Director and Group Chief Executive Officer of REVENUE said, apart from enabling the retail merchants to accept both card payments and mobile wallet payments, the digital payment terminals also enables facilitation of O2O eVouchers and eDeals redemption.
Additionally, this also allows consumers to enjoy discounts that online shopping often offer, and redeem easily in store using their mobile phones.
Presto Wallet as an Instant Payment Option for Local Merchants
On top of the facilitation of a Unified QR Payment terminal, PUC has also appointed REVENUE as PUC’s latest third party acquirer.
The appointment allows PUC to extend their merchant network by tapping into REVENUE’s existing network of approximately 25,000 electronic data capture (“EDC”) terminals nationwide for local merchants to accept Presto Wallet as a payment option instantly.
“REVENUE’s vast network of terminals will enable easier adoption of Presto Wallet through a unified QR payment system. The system will allow seamless integration within the network of terminals, hence, making it easier for customers to purchase items using Presto Wallet, thereby minimising frustration and long checkout queues,” Mr Ng further added.
The agreement for the launch of the QR based O2O transaction is signed between Presto Services Sdn Bhd (formerly known as Presto Universe Sdn Bhd), a wholly-owned subsidiary of PUC Berhad, and Revenue Harvest Sdn Bhd (“RHSB”), a wholly-owned subsidiary of REVENUE Group Berhad. The agreement appointing RHSB as PUC’s latest third party acquirer is signed between Presto Pay Sdn Bhd (formerly known as EPP Solution Sdn Bhd), and RHSB.
About PUC Berhad
PUC Berhad (“PUC”) was incorporated in Malaysia on 3 November, 1997 by China Founder Group. It was listed on the ACE Market of Bursa Malaysia Securities Berhad on 8 April, 2002. Throughout the years, PUC and its subsidiaries have built a solid foundation in integrated media services and payment solutions. In mid-2007, the Group embarked on a digital business journey. Today, the Group’s digital services include financial technology related services, new media, eCommerce, mobile payment, digital imaging, and artificial intelligence. These continuous efforts are in line with the Group’s vision to be a world-class homegrown digital lifestyle service provider. For more information, please visit www.puc.com.
About REVENUE Group Berhad
Established in 2003, with 15 years of operating history in the electronic payments industry in Malaysia, REVENUE has been servicing different customers including banks, non-bank institutions, physical store merchants, online store merchants and e-money payment scheme.
REVENUE’s products and services are divided into three segments, namely deployment of EDC terminals, electronic transaction processing and solutions and services related to payments infrastructure.
REVENUE offers a wide range of technology-led multi-channel payment solutions to different customers through its flagship platform, revPAY that provides the connectivity between front-end to back-end solutions.
Through its revPAY platform, REVENUE offers a single platform which facilitates the acceptance of payment transactions across various payment channels from physical EDC terminals to virtual payments (via e-commerce and mobile commerce channels) to QR Payment, thereby providing cost effective solutions to its customers.
