PUC ties up with Revenue Monster to facilitate WeChat Pay transactions in Malaysia

PETALING JAYA: PUC Bhd is collaborating with Revenue Monster Sdn Bhd to facilitate WeChat Pay transactions in Malaysia.
PUC Bhd told the stock exchange that its wholly owned subsidiary Founder Pay Sdn Bhd had inked a memorandum of understanding (MoU) with Revenue Monster, whereby Founder Pay will lease Android-based payment terminals to Revenue Monster in order to facilitate the merchant acquiring business.
"The partnership with Revenue Monster will enable Malaysian merchants, retailers and business owners the ability to accept QR code payments at their point of sale (also known as a two-dimensional barcode or quick response code), starting with WeChat Pay and soon other wallets in phase two," said PUC in a statement.
Revenue Monster is responsible to integrate, install and maintain the relevant systems to enable such payment processing by the merchants using the payment terminals.
Revenue Monster is a registered merchant acquirer with Bank Negara Malaysia. It is also the first WeChat appointed third-party acquirer, for both cross-border and local wallet merchants in Malaysia.