Fusionex Powers Up DFTZ Platform

With DFTZ (Digital Free Trade Zone) being the brainchild of the Malaysian government, some of the key drivers and stakeholders include the Ministry of Finance (MOF), Malaysia Digital Economy Corporation (MDEC), Ministry of International Trade and Industry (MITI), Malaysia External Trade Development Corporation (MATRADE), SME Corp. and more.

Now, Fusionex will be joining the big boys in facilitating SMEs and merchants to capitalise on the internet community and e-marketplace. At the same time, these cost benefits and efficiencies will inadvertently trickle down to consumers who seeks faster and better products and services.

By facilitating cross-border trade and enabling businesses to import and export goods, the DFTZ aims to capitalise on the convergence and exponential growth of the internet economy and cross-border eCommerce activities.

Malaysian Prime Minister, Dato’ Sri Najib Tun Razak Alibaba Group Chairman and Founder Jack Ma, Minister of Transport Dato’ Sri Liow Tiong Lai, MDEC COO, Dato’ Ng Wan Peng, Deputy Director General of Customs (Customs/GST), Dato’ Paddy BAbd Halim, and Fusionex Founder and Group CEO, Dato’ Seri Ivan Teh

Giving businesses access to the international market will result in a growing trend of orders and trades fuelled by businesses not being confined to specific locations and time zones. The Malaysian Prime Minister, Dato’ Sri Najib Tun Razak also highlights that the DFTZ will create 60,000 new jobs and boost exports by SMEs to US$38 billion (RM160 billion) by 2025.

The DFTZ is also expected to generate a huge amount of online transactions of orders, trade movements, payments and more. Therefore, Fusionex will also do its part in achieving this goal by leading a consortium of e-services platform, powered by Big Data technologies.

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