KUCHING: Serikin, a quaint border settlement located about 50 kilometres from the city centre here has become the country's first cashless border market via Merchantrade Asia Sdn Bhd’s digital financial services.
KUCHING: Serikin, a quaint border settlement located about 50 kilometres from the city centre here has become the country's first cashless border market via Merchantrade Asia Sdn Bhd’s digital financial services.
Nestled along the Indonesia-Malaysia border, the weekend market is a bustling trading ground offering a vast array of Indonesian handicrafts, textiles, batiks, toys, carpets and more; its vibrancy has attracted traders from Kalimantan and tourists from around the world. Merchantrade managing director Ramasamy K. Veeran said the campaign has shown the impact of inclusive financial services on Serikin's local communities, which aligns with the government’s digital agenda."The digital ecosystem we’ve developed with our innovative Merchantrade Money DuitNow QR solution has facilitated safer, more convenient payments for both merchants and customers.
The shift to digital transactions has significantly reduced the risk of cash loss or theft to merchants who often cross international borders for their livelihoods and ensured compliance with the laws of both countries. Additionally, merchants can convert their Malaysian ringgit funds into Indonesian rupiah using Merchantrade Money's in-app multi-currency conversion feature when they return to Indonesia.
News Newspaper Headlines Malaysia Borneo Local National Business Sport Mobile
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sarawak’s Serikin becomes Malaysia’s first cashless border marketKUCHING, May 19 — Serikin, a quaint border settlement located about 50 kilometres from the city centre here has become the country’s first cashless border market via...
Read more »
'Time to rename Dewan Undangan Negeri Sarawak as Dewan Undangan Sarawak'KUCHING: Speaker Tan Sri Asfia Awang Nasar today suggested that the Dewan Undangan Negeri Sarawak or the Sarawak State Legislative Assembly should be renamed Dewan Undangan Sarawak or Sarawak Legislative Assembly.
Read more »
Speaker: Time to rename Dewan Undangan Negeri Sarawak as Dewan Undangan SarawakKUCHING: Speaker Tan Sri Asfia Awang Nasar today suggested that the Dewan Undangan Negeri Sarawak or the Sarawak State Legislative Assembly should be renamed Dewan Undangan Sarawak or Sarawak Legislative Assembly.
Read more »
Sarawak Metro: First phase of Kuching Urban Transportation System to be operational by end-2027KUALA LUMPUR, May 16 — The first phase of the Kuching Urban Transportation System (KUTS) project, which is being implemented and maintained by Sarawak Metro Sdn Bhd, a wholly...
Read more »
Sarawak Will Build a New 'ASEAN Hub' Kuching International Airport, Current One to be PrivatisedThe Sarawak State Government has announced that it is planning to build a new international airport in Kuching that would be a regional hub for Southeast Asia.
Read more »
Kuching needs another new airport, says Sarawak PremierSpending time online may boost your well-being, the results of a large international study revealed May 13.
Read more »