KUALA LUMPUR (Sept 8): PUC Bhd’s unit Presto Pay Sdn Bhd has inked an agreement with Smuzcity Bhd’s subsidiary Smuzcity Solution Sdn Bhd to strengthen the synergetic relationship between them.

This follows a memorandum of understanding entered into by both firms last year that paved the way for PUC’s digital lifestyle platform known as Presto (formerly 11street Malaysia) to market and sell Smuzcity’s JDX-branded products.

Smuzcity Solutions is the official partner of JD Logistics Group assigned for the region of Malaysia to conduct the “Jingdong X Unmanned Business” project business development, business negotiation and business landing work.

“The integration of Jingdong Unmanned Technology with the services and features of Presto App will improve the attractiveness and increase the stickiness of Presto App, thus benefitting its users,” PUC said in a filing with Bursa Malaysia today.

“The collaboration will also help to promote Jingdong X Unmanned Business Concept in Malaysia which include the unmanned vending machine business. The collaboration is in line with PUC’s aim to be the country’s leading digital services provider,” it added.

According to the group, Presto Pay will integrate the Jingdong Unmanned Technology software with services and features of Presto App, in accordance with Smuzcity Solution’s requirements.

The integration, it said, will enable the former to manage, market and operate its unmanned business without limitation.

“Smuzcity shall, at its own costs and expenses, promote Jingdong X Unmanned Business, Jingdong Unmanned Technology and relevant products and solutions, as may be agreed in writing by the parties from time to time.

“It will [also] provide, among others, the necessary skills, know-how and assistance for the integration of Jingdong Unmanned Technology software in Presto App including without limitation, the relevant upgrades and maintenance,” it said.

The collaboration agreement which came into effect today will last until Sept 7, 2023, unless terminated in accordance with the stipulated terms in the contract, PUC said.

PUC shares settled one sen or 3.77% lower at 25.5 sen today, giving it a market capitalisation of RM157.37 million. Some 10.56 million shares were traded.