KKB Engineering unit secures Petronas contract
KUALA LUMPUR: AmBank (M) Bhd continues to step up its digital strategy by opening up its wide merchant network to accept Digi’s vcash QR code as an additional payment service.
This “e-payment partnership” with Digi Telecommunications Sdn Bhd (Digi) takes on a two-pronged approach. Firstly, AmBank’s merchant point-of-sale (POS) terminals will be enabled to accept vcash QR code transactions. What this means is that vcash users can pay for their transactions via Digi’s vcash mobile app. vcash users only need to scan the QR code to pay.
Secondly, Digi will be signing up small and mid-sized enterprise (SME) merchants under the Master Merchant programme with AmBank. This will translate to more merchants accepting vcash payments, while growing AmBank’s merchant base.
“This strategic tie-up with Digi complements our efforts in broadening our product offerings to existing merchants as well as new merchants, while staying relevant and competitive in the digital landscape. It is also part of our ongoing efforts to support Bank Negara’s agenda to accelerate the country’s migration to electronic payments (e-payments) as we move towards becoming a cashless society,” said Ambank group CEO Datuk Sulaiman Mohd Tahir ( pic).
“In advancing eWallet payment technology, we are working on more strategic partner- ships to offer wider acceptance to our customers. We embrace and appreciate these technology companies by complementing their product with our service,” added Sulaiman.
“Meanwhile, we will soon be introducing eRemittance promotions for our customers to remit money to their children studying abroad at affordable fees.
As part of AmBank’s digital transformation journey, we are designing and implementing numerous new solutions with our customers in mind to make their online banking experience with us much more convenient, value-added and seamless,” he said.
Digi chief executive officer Albern Murty said: “Partnering AmBank to roll out seamless payment experiences on a smartphone via vcash and POS terminals will benefit end users with the convenience of paying with their smartphones, and offer more merchants the security of accepting e-payments.
“Our aim is to continue playing a key role in advocating and educating Malaysians on the ease and safety of going cashless by providing a simple, convenient solution – vcash – that works for everyone.”
The objective of this partnership is to drive growth for SMEs across different industry verticals, that’s how easy and adaptable this vcash solution really is – it works for any type of business regardless of its size. The partnership aims to enable 10,000 terminals in the next 12 months to accept Digi’s e-payment solution.
By doing so, Digi and AmBank are able to leverage on their respective fields of expertise and iterate upon existing offerings to provide an innovation that makes sense for SMEs from both a cost and growth perspective. Secondly, SMEs adopting these next generation payment terminals are able to future proof their business now, at no additional cost. — Bernama KUALA LUMPUR: KKB Engineering Bhd unit, OceanMight Sdn Bhd, has won a contract from Petronas Carigali Sdn Bhd for the provision of engineering, procurement, construction and commissioning of wellhead platforms for the D18 Phase 2 project.
In a filing with Bursa Malaysia yesterday, KKB Engineering said the contract was for 27 months, of which 15 months were for work execution plus a warranty period of 12 months.
It said the total combined contract sum for both D28 Phase 1, announced earlier on March 30, and D18 Phase 2 projects were RM226mil.
OceanMight is a Petronas-licensed fabrication yard for offshore facilities construction. — Bernama