GHL Systems Berhad wins Fintech - Payments category in Malaysia Technology Excellence Awards
The payment service provider introduced INSTANT by GHL, a trailblazing innovation that goes beyond payment acceptance for enterprises.
GHL Systems Berhad scored the Fintech - Payments trophy at the recently concluded Malaysia Technology Excellence Awards, presented by Singapore Business Review.
Standing at the forefront of ASEAN’s groundbreaking fintech, GHL is lauded for empowering the payment revolution that is molding today’s spending behavior.
Ranging from new generation cashless to individualised value-added solutions, the payment solutions provider supplies extensive payment options to meet the preferred payment option of modern-day consumers.
Apart from this, GHL also aims to drive businesses through leveling up transactional processes as they deliver an improved lifestyle that benefits everyone in a balanced cashless environment, which can be seen in its winning project, INSTANT by GHL.
The first of its kind in ASEAN, and possibly the world, INSTANT by GHL allows enterprises to accept contemporary cashless payments of prominent local and cross border e-wallets, on top of traditional debit and credit cards, using a single terminal device.
INSTANT by GHL is the fastest all-in-one cashless payment acceptance deployment. It only requires two hours to accomplish the entire deployment, which includes registration, approval, and installation. After which, businesses can perform digital transactions immediately. The quick and seamless approval as well as settlement process will provide merchants with a smoother experience when it comes to accepting e-payments.
The package also includes other value-added services that extend beyond payment acceptance. With INSTANT by GHL, merchants can earn additional profit from prepaid reloads and bill payments through e-pay, one of its many added features. e-pay is known as Malaysia’s largest prepaid top-up and bill collection network under the emblem of a well recognised purple logo. To date, e-pay processes a total of over 30 million transactions, amounting up to RM400 million in value, nationwide per month.
This award-winning innovation is a well-designed cashless tool catered for micro and small businesses who aim to broaden their customer range. Whilst digitising payments can lead to business efficiency for merchants, their customers can also benefit from the convenience of cashless payments.
Upon its launch, INSTANT by GHL has been chosen by the state government to propel e-payments in Penang, amongst 17 other e-payment drivers in the Penang Cashless Project Campaign.
It was implemented in Pasar Tanjung Bungah, Pasar Batu Lanchang, and Pasar Tasik Mutiara during the first phase of the said campaign. Pasar Tasik Mutiara emerged as one of the highest top three cashless migrated markets, with 64.9% of merchants already accepting e-payments.
“Opting for the INSTANT by GHL service was the best decision we made for our business,” said Mohd Saiful Hasri, sole proprietor of Halijah Jewels, in a testimony. “The process of signing up for a payment acceptance terminal was really fast and upon sign up, we could use it immediately. Now, we can finally accept credit card and e-wallet payments. Not forgetting, providing bill payment and reload services to our customers as well,” he added.
With the success of their latest innovation, GHL continues to take pride in its reputation as a one-stop payment service provider for both offline and online e-payment solutions. Known for being ASEAN’s premier payment solutions provider, GHL’s scope covers seven countries — Malaysia, Philippines, Thailand, Indonesia, Cambodia, Singapore, and Australia; sweeping a broad footprint of more than 392,000 payment touchpoints across the region. INSTANT by GHL is another initiative that continues to stretch GHL’s footprint across the ASEAN region.
The Malaysia Technology Excellence Awards, presented by Singapore Business Review, was held via video conferencing throughout the month of September.
This year’s nominations were judged by a panel consisting of Justin Ong, Partner and FSI Financial and Regulatory Risk Leader at Deloitte Asia Pacific; Alvin SH Gan, Executive Director, Partner, Head of IT enabled Transformation (ITeT) at KPMG Malaysia; Hari Iyer, Executive Director, Advisory at BDO Kuala Lumpur; Michael Lim Jr, Managing Director at Crowe Growth Consulting Sdn Bhd; Jade Leong, Partner, Advisory at Ernst & Young Advisory Services Sdn Bhd.
If you would like to join the 2021 awards and be acclaimed for your company’s exceptional technological innovations, please email Julie Anne Nuñez at [email protected]