AmBank partners Merchantrade Asia in hybrid e-wallet venture

TheStar Thu, Feb 25, 2021 12:02pm - 3 years View Original

Group chief executive officer, AmBank Group Datuk Sulaiman Mohd Tahir said the partnership with Merchantrade is part of its fintech collaboration agendas to “develop the first in the market cross border, multi-currency payment solutions by leveraging on cutting-edge technology and an innate understanding of the market and fast-paced environment we operate in.”

KUALA LUMPUR: AmBank Group has partnered Merchantrade Asia Sdn Bhd in a hybrid e-wallet venture as part of the banking group’s fintech driven initiatives.

AmBank said in a statement on Thursday with this hybrid e-wallet enablement, Merchantrades’ customers will have a much larger e-wallet capacity while reaping the benefits of the bank’s current account-i.

It said this strategic collaboration will also improve customer experience and ease the hassle of e-wallet top-ups. This implementation, it said, will make it more convenient and cost-effective for the user.

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