Mlabs, Thai firm sign WiFi, e-commerce deal
KUALA LUMPUR: Mlabs Systems Bhd has teamed up with Thailand-based Onliner Co Ltd to provide WiFi and e-commerce services in Chatuchak, Bangkok.
The company expects to add new revenue stream of RM120,000 per year from the five-year alliance.
While the figure might seem small for a company with a market capitalisation of more than RM30 million, its director Sureswaran Ramadass said the pact was a stepping stone for Mlabs to spread its wings in Thailand.
Onliner currently has been awarded a five-year concession by the country’s State Railway to set up WiFi services in Chatuchak.
The Thai company said it aimed to secure similar projects and was open to working with Mlabs in future.
Mlabs’s wholly-owned Multimedia Research Lab (MRL) entered into the pact with Onliner yesterday.
Both companies will jointly develop mobile applications that can provide online trading services to tap a large number of visitors in the Chatuchak market.
The mobile applications will also have indoor mapping of Chatuchak as well as live video streaming to showcase goods and services provided at the market.
“The development roadmap for Onliner and MRL is to enable the bargaining of pricing for bulk purchases between a buyer anywhere in the world and retailers in Chathucak.
“Plans are also underway for the introduction of an e-payment or e-wallet to shoppers for a safer, cashless market place,” said Sureswaran.
He said the company would invest up to RM800,000 during the early stages of the project and consider a higher commitment when Onliner secures similar projects in Thailand and overseas.
Onliner Co Ltd managing director Shane Suwannaphan (third from left) exchanging documents with Mlabs System Bhd director Sureswaran Ramadass at a signing ceremony in Kuala Lumpur yesterday. PIC By HALIM SALLEH