PUC partners REVENUE to launch QR based O2O transaction facility
ACE Market-listed PUC Bhd announced a partnership with REVENUE Group Bhd, a Malaysian cashless payment solutions provider, to launch a QR-based Online to Offline (O2O) transaction convenience under REVENUE’s unified digital payment terminals.
PUC is the first in Malaysia to launch this partnership and will facilitate O2O e-vouchers and e-deals redemption as their latest offerings in cashless transactions to merchants and consumers.
This collaboration will see greater convenience to both merchants and consumers allowing them to redeem deals, e-voucher purchases and services at F&B outlets, petrol stations, click & collect hubs using QR-based solution and at the same time eliminating the time consuming, cumbersome physical voucher redemption procedures at point of sale.
PUC group managing director and chief executive officer, Cheong Chia Chou highlights, “This partnership is a milestone for PUC as Presto will be the first in Malaysia to enable O2O transaction convenience through the usage of QR codes. In this digital age, QR codes are becoming increasingly popular and this partnership will further encourage the adoption of digital lifestyles among local consumers.”
REVENUE managing director and group chief executive officer Eddie Ng Chee Siong, said, apart from enabling retail merchants to accept both card payments and mobile wallet payments, the digital payment terminals also enables facilitation of O2O e-vouchers and e-deals redemption.
Additionally, this also allows consumers to enjoy discounts that online shopping often offers, and redeem them easily in store using their mobile phones.
Presto Wallet as an instant payment option
On top of the facilitation of a Unified QR Payment terminal, PUC has also appointed REVENUE as its latest third party acquirer.
The appointment allows PUC to extend their merchant network by tapping into REVENUE’s existing network of approximately 25,000 electronic data capture (EDC) terminals nationwide for local merchants to accept Presto Wallet as a payment option instantly.
“REVENUE’s vast network of terminals will enable easier adoption of Presto Wallet through a unified QR payment system. The system will allow seamless integration within the network of terminals, hence, making it easier for customers to purchase items using Presto Wallet, thereby minimising frustration and long checkout queues,” Ng added.