IN A first-to-market achievement, Hong Leong Bank Bhd on Oct 29 announced that it has introduced a new generation of integrated and innovative all-in-one smart Point-of-Sales (POS) terminal for merchants that is able to integrate and accept all cards and e-payment transactions in a single device for the first time in Malaysia.
The sleek and compact smart POS terminal which resembles a smart mobile phone is digital touch screen enabled, wireless and portable using WiFi or mobile data networks (4G), allowing for fast transaction response. Its other features include:
- Simple and user friendly two-step payment interface
- Over-the-air system /application upgrade with remote monitoring and maintenance features
- QR codes & NFC payments enabled
- Accept all e-wallets e.g. WeChat Pay, AliPay, Boost and more
- Visa/ MasterCard/ MCCS/ UnionPay
- Strong system security, with location base services (LBS)
HLB group managing director and chief executive officer Domenic Fuda said, “Cashless payments have steadily increased year-on-year in Malaysia and we are seeing more consumers, especially the younger generation adopting e-payments. However, there is still a gap in meeting consumers’ demand for e-payments in the market.
“The current traditional payment solution is simply unsustainable for merchants who have to manage and maintain multiple payment machines for each payment solution as well as add more machines as the number of payment providers grows.
“At HLB, we seek to empower our merchants and customers with simple and innovative solution that not only solves their challenges today, but is also able to help them adapt to the new innovation of tomorrow. With this innovative all-in-one smart POS payment solution, multiple payment machines are a thing of the past. Merchants can now accept all payment method in a more reliable, easy, effective and seamless way.
“More importantly, the terminal is future payment ready as it is able to accept new payment providers or upgrade at any time with over-the-air technology. Not only is this simple and cost effective, it also greatly benefits the customers and ultimately encourages more cashless payments usage in Malaysia.”
Merchants signing up to HLB’s all-in-one smart POS terminal will be able to accept all card schemes and mobile payments, including major e-wallet operators with optional on-the-spot reward point redemption features, all integrated within the same terminal.