CIMB Bank Bhd will be accepting Quick Response (QR) Payment from six major mobile wallets at its terminals, enabling it to tap into an estimated customer base of about 4.5 million in Malaysia and 520 million registered mainland Chinese.
This is the first in the market QR payment acceptance for six mobile wallet systems are accepted on a single terminal. The six mobile wallet partners are Alipay, Touch & Go Digital, Boost, KiplePay, Mcash, and Vcash.
CIMB has partnered with GHL Systems Bhd, a leading payments company in Malaysia and Asean, to introduce the CIMB’s multi-QR terminal acceptance points for both merchants and customers.
CIMB Group Consumer Banking CEO Samir Gupta said that this move will not only fulfil its customers and merchants’ needs, but also help develop the cashless payment ecosystem in Malaysia, in support of Bank Negara’s vision in promoting a cashless society.
“We are delighted to enable CIMB merchants to process multiple QR codes via GHL’s unique single payment facility/gateway. Our multi-channel model is not just convenient but also cost-saving to CIMB’s merchants as multiple QR settlements are streamlined into a single payments provider,” said GHL Group CEO Danny Leong.
The payment method is already available at certain outlets of House of Leather, NSK and Super Seven.