AIMS SEES DOUBLE-DIGIT REVENUE GROWTH
Cashless transactions to be game changer for businesses, says firm
AIMS Group sees double-digit revenue growth this year on the back of higher cashless transactions. The carrier-neutral data services provider also has bright outlook for next year as it believes cashless transactions are set to be a game changer for businesses.
“A cashless society is the way forward and in order to stay ahead of the game, small business owners, retailers and e-commerce players need to get their websites and physical stores ready to address this new change or risk being left out,” said AIMS chief executive officer Chiew Kok Hin.
He said both Alipay and WeChat Pay were set to officially enter Malaysia and transform the mobile payment industry.
“Currently, some businesses have started offering Alipay as a payment option to Chinese tourists visiting Malaysia as the bulk of the tourists used to make cashless transactions.
“The use of Alipay as a payment option has been increasing in tourist destinations.
“It is essential for the businesses to start looking at ways to empower their businesses and ensure safe transactions for their customers,” he said.
AIMS helps connect businesses to the right carrier, partner, managed services or cloud provider in any of its facilities.
In anticipation of demand, Chiew said the company would be adding 18,000 sq ft of space in the Klang Valley as its existing space was already at more than 85 per cent capacity.
Chiew said the price of electricity continued to be a huge issue for the industry as it made up of 40 per cent of its costs.
As customers were becoming more environmentally conscious, the company had initiated an investment in green technology to meet those needs, he added.
One of the investments is applying the Dynamic Rotary Uninterruptible Power Supply (DRUPS), which is widely used in the manufacturing industry and data centres to reduce environmental harm.
“However, not all data centres are willing to invest in DRUPS due to its higher capital cost, so we hope the government will look into some incentives to encourage industry players to adopt green initiatives and also consider the reduction of electricity tariff,” said Chiew.