TFP Options Bhd, a supplier of enterprise productiveness options and providers for giant enterprises, is planning to market the OneCENT mobile-based Fintech platform to native customers in Malaysia after the Motion Management Order (MCO) has been lifted.
Datuk Hussian A Rahman, managing director and board member at TFP Options, stated that the OneCENT platform goals to assist its ecosystem of enterprise homeowners to transition to creating cashless digital transactions. The corporate plans to supply rewards by offering engaging money rebates and varied different incentives.
Rahman defined that these rebates shall be provided in a number of methods, similar to paying commissions for making referrals to assist additional broaden the OneCENT Fintech ecosystem.
In statements shared with The New Straits Occasions, Hussian remarked:
“We even have plans to pay fee for invoice funds made through the OneCENT platform, in addition to OTRemit (oversea remittance by international staff) referral charges.”
Subscribers will even have the choice of constructing cashless purchases at designated retailers by way of the OneCENT on-line pockets.
Moreover, the corporate intends to launch an optionally available pay as you go Visa cost card that may enable prospects to acquire withdrawal money rebates from a number of native and worldwide banks’ ATMs.
Hussian stated that the OneCENT resolution goals to enrich the agency’s OneCALL mobile-based Fintech product.
TFP had launched OneCALL in 2019, after coming into a co-branding settlement with Tune Discuss, which includes offering trendy monetary providers to the unbanked inhabitants of Malaysia.
“We consider that this unbanked inhabitants holds nice potential for OneCENT and OneCALL to be extraordinarily profitable. From our estimates, some two million Malaysians, representing eight p.c of the nation’s 24 million adults, wouldn’t have any checking account.”
“Breaking the numbers down farther from the market dimension perspective, there are 9 million individuals dwelling in rural areas and 40 p.c of Malaysia’s 32 million inhabitants falls inside the B40 group.”
Roughly two million Bangladeshis, a million Indonesians and 800,000 Nepalese residents are presently dwelling and dealing in Malaysia.
OneCALL has been particularly launched to handle this explicit market’s wants. The platform gives reasonably priced remittance funds choices, digital ATMs, recreation PINs, life-style instruments, and invoice funds providers, Hussian famous.