ACE Market-listed company, PUC Berhad (PUC), has partnered with REVENUE Group Berhad (“REVENUE”), a 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 eVouchers and eDeals redemption as their latest offerings in cashless transactions to merchants and consumers.
This collaboration will further see greater convenience to both merchants and consumers allowing them to redeem deals, eVoucher 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.
Group Managing Director and Chief Executive Officer of PUC, Cheong Chia Chou said the 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.”
Eddie Ng Chee Siong, the Managing Director and Group Chief Executive Officer of REVENUE said, apart from enabling the retail merchants to accept both card payments and mobile wallet payments, the digital payment terminals also enables facilitation of O2O eVouchers and eDeals redemption.
Additionally, this also allows consumers to enjoy discounts that online shopping often offer, and redeem easily in store using their mobile phones.
On top of the facilitation of a Unified QR Payment terminal, PUC has also appointed REVENUE as PUC’s 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.