KUALA LUMPUR: CIMB Bank Bhd has introduced quick response (QR) payment acceptance at CIMB terminals, a first-in-the market QR payment acceptance to accept Six major mobile wallets on one terminal.
The six mobile wallet partners to be accepted on CIMB terminal are Alipay, Touch & Go Digital, Boost, KiplePay, Mcash, and Vcash.
CIMB Group chief executive officer of consumer banking Samir Gupta said these six mobile wallets had a combined estimated customer base of about 4.5 million in Malaysia and 520 million registered mainland Chinese users.
“With the trend of mobile payments, this alternative payment acceptance provides the convenience to merchants and customers who do not want to worry about acceptance of many different mobile wallet QR codes. QR Payment Acceptance at CIMB merchants, positions CIMB at the forefront of merchant payment acceptance, enabling wider options to merchants and enhancing customer experience,” he said said in a statement.
Merchants also benefit from reducing clutter at cashier counter and the security of a cashless, e-payments system, he added.
Samir said QR Payment Acceptance at CIMB terminals not only fulfills the bank’s customers and merchants’ needs by accepting six major mobile wallets, but also helps develop the cashless payment ecosystem in Malaysia, in support of Bank Negara Malaysia’s vision to promote a cashless society.
This was also testament to its promise to continuously deliver innovative solutions to the customers, not just in Malaysia but also across Asean, he added.
CIMB worked 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' convenience.