Malaysia’s OneCENT Cellular Fintech Platform to Assist Companies Transition to Cashless Digital Transactions

TFP Options Bhd, a supplier of enterprise productiveness options and providers for big 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, mentioned that the OneCENT platform goals to assist its ecosystem of enterprise house owners 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 will likely be provided in a number of methods, comparable 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 by way of the OneCENT platform, in addition to OTRemit (oversea remittance by international employees) referral charges.”

Subscribers may even have the choice of creating cashless purchases at designated retailers by means of the OneCENT on-line pockets.

Moreover, the corporate intends to launch an optionally available pay as you go Visa fee card that can enable prospects to acquire withdrawal money rebates from a number of native and worldwide banks’ ATMs.

Hussian mentioned that the OneCENT resolution goals to enrich the agency’s OneCALL mobile-based Fintech product.

TFP had launched OneCALL in 2019, after getting into a co-branding settlement with Tune Discuss, which entails offering fashionable monetary providers to the unbanked inhabitants of Malaysia.

Hussian acknowledged:

“We imagine that this unbanked inhabitants holds nice potential for OneCENT and OneCALL to be extraordinarily profitable. From our estimates, some two million Malaysians, representing eight % of the nation’s 24 million adults, should not have any checking account.” 

He continued:

“Breaking the numbers down farther from the market measurement perspective, there are 9 million individuals residing in rural areas and 40 % 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 residing and dealing in Malaysia.

OneCALL has been particularly launched to deal with this specific market’s wants. The platform provides reasonably priced remittance funds choices, digital ATMs, sport PINs, life-style instruments, and invoice funds providers, Hussian famous.