RHB en­hances SME e-Re­tail So­lu­tion through MPOS

The Sun (Malaysia) - - SUNBIZ -

KUALA LUMPUR: RHB Bank Bhd has ex­panded its SME e-Re­tail So­lu­tion with the in­tro­duc­tion of RHB Mer­chant Mo­bile Point of Sale (MPOS).

With the added so­lu­tions in place, SMEs are of­fered fast, sim­ple and seam­less ex­pe­ri­ence that con­nects them, through tech­nol­ogy, to a more ef­fi­cient and cost ef­fec­tive e-re­tail ecosys­tem.

“We are the first fi­nan­cial in­sti­tu­tion in Malaysia to of­fer a to­tal con­nec­tiv­ity so­lu­tion for SMEs. The SME e-Re­tail So­lu­tion of­fers SME re­tail­ers a holis­tic so­lu­tion for seam­less con­nec­tiv­ity. SMEs are able to achieve cost re­duc­tion and in­crease ef­fi­ciency in their busi­nesses,” said RHB Bank direc­tor of group busi­ness and trans­ac­tion bank­ing Datin Amy Ooi.

The SME e-Re­tail So­lu­tion with its en­hanced ca­pa­bil­ity, al­lows SME re­tail­ers to start up their busi­nesses as early as seven days.

SME e-Re­tail So­lu­tion of­fers Busi­ness Cur­rent Ac­count for trans­ac­tional needs, Re­flex On­line Cash Man­age­ment sys­tem that en­ables low cost in­ter­net bank­ing, cloud-based elec­tronic point of sale (ePOS) sys­tem, re­mote ac­cess to back of­fice an­a­lyt­ics & CRM for bet­ter man­age­ment for the pro­pri­etor, credit and debit card ter­mi­nals to en­able card trans­ac­tions, cus­tomised SME in­sur­ance pack­age specif­i­cally for re­tail­ers to pro­tect their busi­nesses, and busi­ness credit card to help them with ex­penses and pay­ment plans.

Its lat­est of­fer­ing Mer­chant MPOS is a wire­less de­vice that ac­cepts all types of cards trans­ac­tions, and is Chip & Pin en­abled. Users can re­ceive e-re­ceipts via emails or no­ti­fi­ca­tions to their mo­bile phones. The MPOS is in­te­grated to the mer­chant ePOS sys­tem to en­able fast and con­ve­nient pay­ment col­lec­tion. Wire­less and has­sle-free, a blue­tooth or wifi con­nec­tion will pro­vide all the con­nec­tion needed.

Mean­while RHB’s part­ner­ship with SAGE soft­ware Asia Pte Ltd will see the in­tro­duc­tion of SAGE One cloud ac­count­ing soft­ware. This cloud so­lu­tion will be synced to the ePOS ter­mi­nal to en­able au­to­matic up­dates of trans­ac­tions. SMEs will then have ac­cess to the re­al­time fi­nan­cial po­si­tion of their busi­nesses.

From left: RHB Bank head of SMEs Jef­frey Ng Eow Oo, Ooi, Sage Soft­ware Aus­tralia & Asia direc­tor of strate­gic part­ner­ships & al­liances Lukas Tay­lor and Sage One Asia direc­tor Su­san Lai at the sign­ing cer­e­mony yes­ter­day.

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