CIMB Bank QR payments are now available at payment terminals after a successful partnership with payments firm GHL Systems.
The terminals will accept QR payments from six major mobile wallets including Alipay, Touch & Go Digital, KiplePay, Boost, Mcash and Vcash.
These six mobile wallets have a combined customer base of about 4.5 million in Malaysia. Furthermore, 520 million users are registered in China.
CIMB Bank QR payments cut queues
Besides accepting payments from multiple mobile wallet QR codes, the service is expected to reduce queues at cash counters. It will also increase payment security.
CIMB group consumer banking CEO Samir Gupta said: “CIMB has always placed customers and Merchants at the heart of its digital innovation.
“QR Payment Acceptance at CIMB terminals not only fulfils our customers and merchants’ needs by accepting six major mobile wallets, but also helps develop the cashless payment ecosystem in Malaysia, in support of Bank Negara’s vision to promote a cashless society.”
GHL Group CEO Danny Leong commented on this: “We are delighted to enable CIMB merchants to process multiple QR codes via GHL’s unique single payment facility/gateway.
“Our multi-channel model is not just convenient but also cost-saving to CIMB’s merchants as multiple QR settlements are streamlined into a single payments provider.”