KUALA LUMPUR: Financial technology (fintech) solutions provider TFP Solutions Bhd's (TSB) wholly-owned subsidiary MBP Solutions Sdn Bhd (MBPS) is upbeat on its collaboration with SB Supplies & Logistics Sdn Bhd (SBSL), for the OneCALL airtime and internet data plan services and OneCALL mobile apps, a fintech platform for cashless retail payments.
SBSL is an indirect wholly-owned subsidiary of Borneo Oil Bhd, as well as the operator of SugarBun franchise restaurant brand.
Both MBPS and SBSL signed a memorandum of agreement (MoA) on 1s March 2021.
SBSL general manager Raymond Teo said SugarBun has outlets throughout the country, with an estimated 208,000 customers on average every month.
"Hence, it is highly important for us to improve the system for payment transactions between the customers and our outlets.
"This new system by TSB will also be integrated into our new SB.Go App, which offers delivery, take away and dine-in services that will soon be available to our customer," he said in a statement today.
TSB group executive director Puteri Munawarah Syammiyah Datuk Munir said by using OneCALL mobile fintech, customers can enjoy incentives at SugarBun with real-time rebates credited back to their e-wallet, and this, in turn, would encourage customers to spend more at the outlets.
"We want to assure that customers who upgrade their mobile subscriber identification module (SIM) with us will have a great add-on, which offers no other mobile operator can, such as a built-in licensed e-wallet, convenience of bill payments and purchase prepaid top-up, purchase a data plan, perform remittance for workers and much more," she said.
Puteri Munawarah hopes that with the strength of TSB's fintech infrastructure, SugarBun and its customers will benefit from the group's retail network, e-commerce and soon-to-be-launched order and delivery platforms that target the B40, micro-merchants and rural community.
As for TSB, this collaboration is expected to further cement the group's position as one of the top fintech solution providers in Malaysia.
In addition, this would further boost the group's ongoing transformation strategies that began since early 2020, aimed at shaping the company into a fintech entity which would create synergies with the group's existing business management solutions (BMS) business.