MyPOSPay has partnered with Boost to allow users to fill parcel order forms via Boost app and drop-off at the nearest MyPOSPay outlet.

MyPOSPay has partnered with Boost to allow users to fill parcel order forms via Boost app and drop-off at the nearest MyPOSPay outlet.

The rapid rise of e-commerce has seen an increase in the number of online shoppers within the competitive e-commerce market space where nearly 82.3 per cent of Malaysians are shopping online for most of their purchases. Home to one of the highest internet penetration rates in South East Asia, e-commerce in Malaysia will continue to grow tremendously in the foreseeable future. Just to paint an example, in 2019 alone, there were a reported 119 million domestic parcels and 8.1 million international parcels shipped making the e-commerce industry as one of the largest economic drivers in the country. Due to that, Malaysia is currently home to some major stakeholders in this booming industry who are keen to sieze the opportunity.

Among some of these stakeholders are MyPOSPay which is a strategic partnership formed between POS Malaysia and ATX Group Malaysia where the partnership between the two has generated the opening of parcel pickup and drop-off outlets all across the country. Boost with its massive user base of 5 million users nationwide has also partnered with MyPOSPay which will see the partnership between the two serving the needs of their respective markets in an improved manner.

The outcome of the partnership between MyPOSPay and Boost will now allow Boost users to fill out their parcel order forms online where their respective order QR code will be generated. This generated QR code can then be shown to their nearest MyPOSPay merchant where Boost users can go on to drop-off their parcels through this hassle-free process. Aside from this, Phase 2 of this partnership will see MyPOSPay’s plans to offer POS Laju Prepaid Boxes and envelopes to Boost users where all payments made can be done via the Boost E-wallet.

The plans between the two will further strengthen and bolster the growing e-commerce market and serve areas which are currently being underserved. With such partnerships underway, many Malaysians can expect to enjoy the conveniences that these two FinTech players can offer within the foreseeable future.
Lulu Money joins hands with PayHub to offer bill payments & other value-added services at its outlets.

Lulu Money joins hands with PayHub to offer bill payments & other value-added services at its outlets.

ATX Group Malaysia, one of the emerging FinTech companies of Malaysia which specialises in being a Global FinTech Enabler; and Lulu Money, one of the leading names in foreign exchange and money transfers; have undertaken a collaborative exercise that will see the two provide services that will benefit customers by way of offering over 100 bill payments, reloads and value-added services at 25 outlets in the initial phase of this collaboration. The services that will be offered as a result of this collaborative exercise is made possible due to ATX’s PayHub service which is essentially an API based B2B Payment Services Aggregator providing integrated merchant solutions and more. With this collaboration exercise the array of services that will be offered across these outlets will be offered to customers to make their payments without any additional surcharge too.

The array of services that will be offered at Lulu Money outlets are as follows:
1. Bill Payment (Electricity, Internet, Astro and Water Bills)
2. Telcos (Postpaid Bill Payments, Domestic & International Reloads)
3. Council Bill Payments (Tax renewal, compound and rental)
4. E-wallet Reload PINs (TnGo E-wallet, Grab Driver, CePAT Tokens)
5. Loan Repayments (KPKT, PTPTN, Majlis Amanah Rakyat MARA and others)
6. Digital Vouchers (Grab Food & Mart, Lazada Vouchers, Zolara Vouchers)
7. Car Insurance and Road Tax Renewal
8. MobiCare Phone Swap Subscription
9. Digital Will Vouchers
10. Entertainment (NJOI PINs and E-Load)

As part of the next phase of this collaborative exercise, Lulu Money has plans to collaborate with MyPOSPay, which happens to be a part of the ATX Group in Malaysia. This next phase will entail services such as a parcel drop-off service at its outlets and customers will have the benefit of being able to fill out their parcel order forms online too where upon filling up their online forms they may then proceed to drop off their parcel at their nearest Lulu Money outlet.

Headquartered in Petaling Jaya, Malaysia, ATX Group Malaysia is a major player within the booming FinTech industry where they seek to leverage their expertise in the FinTech sphere to provide all these services and more to their customers. In 2020 alone, the Group had managed to process over RM 600 million valued transactions and is seeking to achieve a target of having RM 1 billion valued transactions within the next two years through the Group’s efforts in transforming businesses into multi-service digital centres via its five core brands:

1. PayHub – A B2B Payment Services Aggregator
2. MyPOSPay – Parcel Pick-up and Drop-off Points
3. GOPAY – A digital wallets for agent to make money
4. Runcit Hero – B2B Online Marketplace for Grocers
5. Cash In Points – Buy Online, Pay at Merchant