The Shared Services feature provides banks and merchants with payment acceptance devices on a sale, maintainance, and rental basis.
Some of the key offerings include Point of Sales (POS) terminals and other payment acceptance devices that can perform electronic payments for credit cards, debit cards, e-Wallets, loyalty points capture, redemption transactions, loan repayments, and other bank or merchant specific requirements.
The acquisition of Paysys (M) Sdn Bhd completed in June 2018, making the company an indirect wholly-owned subsidiary of GHL Systems Berhad.
Paysys (M) Sdn Bhd is Malaysia's ICT expert in the credit card industry, catering to various financial institutions. It involves an eco-system of two major industries - information communication technology as well as finance and banking. Specialising in Electronic Draft Capture (EDC) that adopts a state-of-the-art technology, Paysys (M) Sdn Bhd plays a role in reducing the transaction processing time between vendor and financial institutions.
To date, Paysys (M) Sdn Bhd’s business initiatives comprise supporting financial institutions by migrating the acceptance of magnetic striped cards to EMV chip-based card, active involvement in the implementation of MEPS Cash E-Purse, and successful application of GPRS Wireless terminal solution for EMV and Smart Card loyalty programmes.
With this acquisition, it re-iterates our intention to grow organically, inorganically and more importantly, our hunger and desire to be a key payment player in Malaysia as well as the ASEAN region.
For more info, please visit Paysys website here