GHL Systems Berhad’s Post

In this partnership, Weixin/WeChat Pay and PayNet (Payments Network Malaysia) aim to streamline transactions for visitors, eliminating the need for currency exchange or separate top-ups. Andrew Jong, director for personal financial services at HLB, said, “Enabling Weixin Pay acceptance through our HLB DuitNow QR not only directly supports the revitalization of our tourism sector, but also reinforces Malaysia’s appeal as a top investment, business, and travel choice for China. #partnership #paymenttransactions #malaysia ------ -[Newsletter] To learn more about the latest news, trends and insights in the technology industry, subscribe to UpTech Media’s newsletter by filling out this form: https://lnkd.in/eKr8Se4y

GHL Systems Philippines Inc. (GHL Philippines), a wholly owned subsidiary of GHL Systems Berhad has enabled Alipay+ for local businesses in the #Philippines to accept cross-border digital payments from prominent Asian mobile wallets such as AlipayHK (Hong Kong SAR), 카카오페이 (kakaopay) (South Korea), Touch 'n Go Group (Malaysia) and Alipay (Chinese mainland). “This partnership signifies a significant leap forward in our mission to enhance the digital payment landscape in the Philippines. Besides enabling local businesses to tap into a broader customer base, we are also reinforcing our commitment to provide innovative solutions that cater to the evolving needs of both merchants and consumers. We are excited about the possibilities this partnership brings and the positive impact it will have on facilitating seamless cross-border transactions in the country.” - Jay Tirona. Tourist arrivals in the Philippines are forecasted to reach 8.21 million this year, surpassing both 5.4 million for 2023 and 7.1 million for 2019 figures, This uptick underscores the significant rebound in tourism, and a growing need for efficient and accessible payment solutions. Read more at: https://lnkd.in/g5rDxnTk Xihan （Michael） Hao, Ant International #theaseanpaymentpeople #paymentssimplified #digitalpayments

Cambodia has taken a significant step towards enhancing international payments with the integration of Alipay+ with its national QR code system, KHQR. This collaboration allows users of 12 international payment apps to make seamless transactions at over one million merchants in Cambodia using KHQR, the country's standardised QR code. The initiative, part of the Bakong payment system introduced by the National Bank of Cambodia in 2022, aims to simplify QR payments for both customers and merchants. Madam Serey Chea, Governor of the National Bank of Cambodia, highlighted the importance of this partnership in modernizing cross-border payments within ASEAN, stating that it will benefit customers and help merchants seize new opportunities in the evolving digital landscape. Ed Yue, General Manager for Southeast Asia, Australia, and New Zealand at Ant International, expressed gratitude to the National Bank of Cambodia for their vision in digitalizing local merchants and the travel ecosystem, which will contribute to enhancing the travel experience for global consumers and boost the local economy. Alipay+ has a vast network, connecting users to over 90 million merchants across 66 markets globally, including popular travel destinations. This collaboration not only streamlines payment processes but also fosters financial cooperation and technological advancements in the region. #Cambodia #Alipay #KHQR #Bakong #Fintech #DigitalPayments

Exploring Asia cashless: GCash and Alipay+ Pave the Way for Seamless Travel Scan-to-Pay expanded to the Chinese mainland, Hong Kong, Macao, Thailand, UAE, and more. Filipino travelers can now enjoy a seamless cashless experience in more destinations with the expanded partnership between #GCash and #Alipay+, the cross-border mobile payment and digitalization solutions operated by Ant International. This partnership enables the convenience of GCash's Scan-to-Pay feature most recently in the Chinese mainland, Hong Kong SAR, Macao SAR, Thailand, and the UAE at select Alipay+-enabled stores, bringing the total number of markets to more than 45. Read more » #APPSGADGET #APPSGADGET

📲 Which Southeast Asian Country Leads in Digital Payment Adoption? Southeast Asia is quickly becoming a digital payments powerhouse, with countries like Singapore leading the way. At 99% adoption, Singapore's embrace of mobile wallets and digital payment systems is a model for the region. Close behind, Thailand ranks at 87%, driven by the widespread use of QR code payments like PromptPay. Malaysia follows with 85%, bolstered by popular mobile wallets such as Touch 'n Go and Boost. Indonesia and Vietnam show impressive adoption at 72%, respectively. In Indonesia, mobile wallets like OVO and GoPay are rapidly transforming payment habits, while Vietnam’s MoMo and ZaloPay continue to gain traction. Countries like the Philippines (70%) and Myanmar (45%) are catching up but face challenges related to financial inclusion and infrastructure. Despite this, the region is moving toward a cashless future, with increasing digital payment adoption thanks to government initiatives, technological advancements, and evolving consumer behaviors. Digital payments are not only enhancing convenience but are also laying the foundation for financial inclusion across Southeast Asia. 🌏💳 The data for digital payment adoption rates in Southeast Asia was pulled from sources such as Southeast Asia Market Research and YCP Solidiance. #DigitalPayments #FinTech #SoutheastAsia #TechTrends #CashlessEconomy

🇲🇾 As Malaysia strides toward a cashless future, its population of 34 million and 98% internet penetration present a promising landscape for digital payments. While bank transfers currently lead as the preferred payment method, eWallets are gaining traction among consumers, showcasing a shift in preferences. Looking to expand your business in this dynamic market? Explore dLocal's Payments Handbook on Malaysia for essential insights and opportunities: https://hubs.ly/Q02SKK020 #OnedLocal #DigitalPayments #eCommerce #EmergingMarkets #Malaysia

🌏 Southeast Asia's digital wallet market is booming, with projections hitting over $1 trillion by 2025! Each country has its favorite platforms, each offering unique features: - Philippines: #gcash dominates with bill payments, bank transfers, and investments. - Malaysia: #boost is popular for extensive services from bill payments to local hawker stalls. - Indonesia: #dana leads with comprehensive services including mobile top-ups and merchant payments. - Singapore: #ezlink Wallet extends from public transport to retail payments. - Thailand: #linepay integrates with messaging for easy peer-to-peer transfers and online purchases. Silkpay is embracing this trend by enabling businesses to accept these popular e-wallets through Alipay+. Integrate over 16 digital wallets from countries like Thailand, Indonesia, and Singapore to reach millions of users and boost your revenue. Check out our blog to learn more about the Southeast Asian e-wallet market: and how to leverage the trend to boost sales：https://lnkd.in/ewSCSvkQ #digitalwallets #ewalletadoption #southeastasia #mobilepayments #alipayplus #alipay+ #mobilepaymenttrends #economictrends #cashlesssociety #fintechrevolution #digitaltransactions #emergingmarkets #financialinclusion #digitalcurrency #paymentinnovation https://bit.ly/3Veun8Y

Cambodia’s Digital Revolution is Here! 🚀 Exciting update! The National Bank of Cambodia (NBC) and Ant International have launched a game-changing cross-border QR payment system. Key Innovations: • Expansive Merchant Network 1 million+ Bakong network merchants now accepting international payments KHQR codes accessible across Cambodia with more expansion planned • Global Connectivity Integrated with 12 major international e-wallets Connected to 9 regions, including China, Singapore, Malaysia, Korea, and the Philippines • User-Friendly Solutions New "Bakong Tourist" app for easy payments by international visitors Seamless transactions through familiar e-wallets Future capability for Cambodians to use local wallets abroad • Impact Linked to Alipay+ with 90 million merchants Reaching 1.6 billion users across Asia and beyond Enhancing Cambodia’s role in global digital finance "This collaboration represents a significant milestone in our ongoing efforts to drive digitalization throughout the country," says NBC Governor H.E. Serey Chea. At SBIF, we’re thrilled to witness these fintech advancements, strengthening cross-border connections and economic ties. We’re proud to support innovation between Singapore and Cambodia in the fintech space. P.S. How do you feel about this digital transformation? Is it the ease of cross-border payments, expanded merchant access, or the new "Bakong Tourist" app that excites you most? #FinTechInnovation #CrossBorderPayments #SBIF Source: Khmer Times

#Throwback to #MEPSCASH in 1999 – A Journey of #JiwaMerdeka 🇲🇾 Ever wondered how #Malaysia started its journey toward a cashless society? 🤔💡 In the spirit of our 67th #Merdeka celebrations and as we approach #MalaysiaDay, we’re excited to launch #ThrowbackFriYay, a new initiative where we look back at key moments that shaped our nation’s #cashless landscape. Every Friday, we’ll highlight milestones that contributed to Malaysia’s digital payment evolution. To kick things off, does anyone remember reloading their cards way back in 1999? Let’s take a walk down memory lane. 💭 1️⃣ September 1999 – The birth of #MEPSCASH: Malaysia's first reloadable card, launched by MEPS (now #PayNet). Within just two weeks, RM210,000 was reloaded, showing how eager #Malaysians were to embrace #CashlessPayments. 📲 2️⃣ Today – We’ve evolved with #MyDebit, delivering an easy, safe, and convenient cashless payment experience. This isn’t just about technology but also a reflection of Malaysia’s growth in #DigitalLiteracy and our push to stand tall on the global stage among other international powerhouses. 🌎 Join us every #ThrowbackFriYay as we share more milestones that define Malaysia’s cashless journey. Let's keep pushing for innovation and shared prosperity for all Malaysians. Together, we can proudly uphold the spirit of #JalurGemilang and build a legacy for future generations.🇲🇾❤️ #HariMalaysia #CashlessJe #DigitalMalaysia

Indonesia is on track to become Southeast Asia's eCommerce powerhouse! With a population of 277 million, the rapid adoption of digital payments is changing the market. By 2025, eWallet transactions are expected to soar to USD $108 billion and with the introduction of the national QR code standard QRIS, transactions are more seamless than ever! 💸 Want to know more about Indonesia's booming digital economy? Check out dLocal's Handbook for insights into the future of payments: https://hubs.ly/Q02Q7gm40 #OnedLocal #Indonesia #DigitalPayments #eWallets #eCommerce