AmBank tie-up with Maxis to boost contactless payments in Malaysia

Friday 13 November 2020 15:05 CET | News

Malaysia-based AmBank Group has teamed with local communications service provider Maxis to introduce a secure contactless payment solution mTAP via Payments Network Malaysia.

The tool uses a mobile device as a payment acceptance terminal to process debit and credit card transactions. The solution is a cost-effective option to enabling more small and medium-sized enterprises (SMEs) to accept card payments.

Company officials have states that they observed that the consumer market, dominated by the Millennials and Gen-Y, is expecting more accessible financial services, hence this being one of their efforts to ramp up the next wave of digital initiatives for merchants and customers.

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Keywords: AmBank, Maxis, partnership, Malaysia, Asia, APAC, mobile payments, mTAP, Payments Network Malaysia
Categories: Payments & Commerce
Countries: Malaysia
This article is part of category

Payments & Commerce