KUALA LUMPUR: GHL Techniques Bhd (GHL) and Aspirasi, a digital financing platform and fintech supplier below Axiata Digital have shaped a partnership to offer small and medium enterprises (SMEs) and micro-entrepreneurs within the nation with digital entry to GHL’s new financing enterprise.
The collaboration goals to slender the monetary inclusion hole for the underserved group by tapping into Aspirasi’s platform which provides a totally digital and full financing software journey, masking on-boarding and service provider scoring.
GHL will market its financing options to its present service provider base with assortment managed by way of its service provider settlement course of. Whereas the partnership is targeted on Malaysia for now, there are plans to broaden to different nations within the close to future.
“GHL may be very excited to tie up with Aspirasi and by extension, Axiata Digital. Collectively we have now an intensive presence throughout Asean which implies additional collaboration within the area. GHL’s broad footprint of 138,800 TPA cost touchpoints throughout Asean, coupled with Axiata Digital’s increasing choices throughout the digital finance house, will allow us to bridge the cost and credit score hole among the many financially underserved throughout the 650 million Asean inhabitants,” GHL Group chief govt officer Danny Leong said in a press launch.
“We’re happy to companion with GHL Techniques Bhd, a number one cost service supplier. Collectively, we have now a shared imaginative and prescient of simplifying monetary entry for SMEs and micro-entrepreneurs. By leveraging our digital platform and GHL’s in depth footprint of TPA touchpoints in Malaysia, retailers will be capable to get pleasure from fast and seamless financing to help them on their dynamic journey of enterprise progress,” mentioned Aspirasi govt director Sheyantha Abeykoon.
GHL’s attain of over 101,500 TPA factors in Malaysia, provides it an edge with its good grasp of service provider’s e-payment acceptance behaviour. This gives GHL with a bonus to plan an optimum financing plan for its group of retailers.
GHL group’s Asean TPA cost touchpoints grew by 20 per cent, from 116,200 in 2018 to 138,800 in 2019, which additionally translated to a 39 per cent surge in Transaction Cost Worth (TPV) of RM 13.9 billion processed throughout 2019.
This robust progress owes a lot to thriving subsequent technology e-payments, empowering cashless acceptance throughout its service provider base and the momentum is anticipated to proceed as going cashless turns into extra mainstream.
Aspirasi is poised to play a vital position in enhancing monetary inclusion by delivering a wide range of monetary companies and insurance coverage merchandise by its distinctive digital platform.
By enhancing monetary entry, Aspirasi goals to assist and empower SMEs and micro-entrepreneurs to embrace expertise and forge a path of progress, irrespective of the place they’re of their enterprise cycle.