EOS Systems Becomes First Official Merchant Acquirer For WeChat Pay

KUALA LUMPUR, Feb 20 (Bernama) -- EOS Systems Sdn Bhd has recently been appointed by Hong Leong Bank Bhd (HLB) to become the first official merchant acquirer for WeChat Pay, a cashless payment system for online and in-store transactions within China’s top messaging app WeChat. The information technology and marketing services company said it would provide both online and offline WeChat marketing services and solutions to help Malaysian companies market themselves through their WeChat official accounts to both local and international consumers. EOS Systems chief executive officer Leong Khai Ric said the company is now in a unique position in supporting the HLB’s digital aspirations by delivering marketing services and digital solutions to grow local businesses at an accessible cost. “As demand continues to surge for cashless transactions, so will the number of retail transactions passing through this platform. “We believe that strong presence on WeChat gives local retailers a cost-effective method of having greater exposure to a wider market. Enabling WeChat pay allows them to capture this potential,” he said in a statement Wednesday. In Malaysia, there are more than 20 million active users, of whom more than 85 per cent are aged between 18 and 35. Malaysia is the first country outside of China and Hong Kong where WeChat Pay users could use local currency for payment, and HLB’s customers were the first users outside of those jurisdictions to be able to link their debit cards to the e-wallet for local transactions. EOS Systems provides all-in-one payment terminals and systems to merchants for online and retail outlet transactions. --BERNAMA