The Borneo Post (Sabah)
Partners to provide cashless ecosystem
KUCHING: LintraMax, a provider of oil palm plantation management solutions, and Merchantrade Asia yesterday announced that they are partnering to bring digital payment solutions to oil palm plantations across Malaysia.
This effort is part of their mission to digitise plantation operations and provide a cashless ecosystem.
In this partnership, both companies will introduce Merchantrade’s digital payment solutions to oil palm plantations that are currently using the Quarto plantation management system from LintraMax. They will also reach out to the plantations’ workers to introduce them to Merchantrade Money a digital wallet from Merchantrade.
LintraMax founder and managing director Khor Kheng Khoon said, “Payroll processing at plantations is the main pain point that we are trying to address through this partnership.
Currently, many plantations still rely on cash and cheques to pay employee wages every month.
“These methods are not the most efficient or safest, so LintraMax hopes to turn these methods of wages payment into digital, such as through the use of digital wallets. This is where Merchantrade’s expertise is crucial for the mission, and we are excited to partner with them.”
Commenting on the partnership with LintraMax, Merchantrade’s founder and managing director Ramasamy K Veeran said, “We are excited to partner with LintraMax to enable seamless digital experience into their growing ecosystem through our innovative Merchantrade Money ewallet.
“We believe that this collaboration is a definite step in the right direction and will indeed benefit the plantation management space and drive digital payments adoption as it not only benefits plantation companies as well as directly impacts workers daily lives by encouraging digital experience”.
“At Merchantrade we’re continuously expanding our ecosystem of relevant services through industry partnerships and collaborations, creating new ways to make them available to all walks of life, our vision is to bring a whole new level of convenience to everyday lives, be it for companies or their workforce alike,” added Ramasamy.
There are currently about 100 plantation companies around the country that use the Quarto plantation management system developed by LintraMax.
“Digital wages payment solutions can help companies reduce risks associated with using or having cash. The solutions can also help minimize physical contact during the Covid-19 pandemic and ensure transparency in the company’s payroll,” Khor added.
“Through Merchantrade Money ewallet app, workers will receive their wages and get greater access to digital payments allowing for easier cashless purchase of provisions as well as sending money back home.
“Migrant workers would find our digital wallet solution ideal because it already comes in multiple languages,” Ramasamy continued.