Founder Pay Sdn Bhd (Founder Pay), a wholly-owned subsidiary of PUC Berhad, signs a Memorandum of Understanding with Revenue Monster Sdn Bhd (Revenue Monster). The latter, a payment solutions provider and the first appointed merchant acquirer of WeChat Pay in Malaysia, is facilitating WeChat Pay transactions.

In accordance to the agreement, Revenue Monster will be leasing Android-based payment terminals from Founder Pay to facilitate its merchant acquiring business. The partnership will enable Malaysian merchants, retailers and business owners the ability to accept QR code payments at the point of sale. The terminals will be accepting WeChat Pay transactions and moving forward, will be able to accept other e-Wallets in its second phase.

“PUC will enter into a revenue sharing partnership with RMSB through the leasing of payment terminals, which PUC will be able to receive a portion of the transaction fee from every e-Wallet payment performed using these terminals. On top on that, PUC and Revenue Monster will be able to encourage the adoption of digital lifestyles among local consumers through the usage of e-Wallets in their daily life,” says Cheong Chia Chou, Group Managing Director and Chief Executive Officer of PUC.