KUALA LUMPUR, Nov 12 (Bernama) — AmBank in collaboration with Maxis have introduced mTAP via Payments Network Malaysia Sdn Bhd (PayNet) – a secure contactless payment solution that uses a mobile device as a payment acceptance terminal to process debit and credit card transactions. The solution is a viable and cost-effective option to enabling more small and medium-sized enterprises (SMEs) to accept card payments.
AmBank and Maxis have worked collaboratively to identify potential areas of collaboration and synergy and have successfully rolled out a number of joint client events and bundled products. There are total 10 key value propositions that this partnership will bring to our clients, one of which is merchant onboarding via mTAP, a mobile phone device application as a new tool for merchants to accept credit and debit card payments rather than using conventional terminals. Maxis will be AmBank’s preferred mobile device and network provider for mTAP and will complement on merchant acquiring activities via its own dedicated SME team.