AEON Credit Service has launched the Privilege Card for Hawkers and Petty Traders and IN2NIAGA application in collaboration with the Ministry of Entrepreneur Development and Cooperatives (“MEDAC”) and In2Niaga Sdn. Bhd providing an avenue for the 1.8 million hawkers and petty traders.
The collaboration, which includes partnering with Gabungan Persatuan Penjaja dan Peniaga Malaysia, AEON Group Retail, VISA Malaysia and Datasonic Corporation Sendirian Berhad, will enable hawkers and petty traders registered with MEDAC to make secure and efficient cashless transactions for their businesses.
Each Privilege Card is equipped with a distinct QR code that can be displayed at the hawkers and petty traders’ business premises to accept cashless transactions from the customers through the specified mobile application. Through the app, customers have a variety of payment methods to choose from, such as TnG e-Wallet, Maybank QR, GrabPay, Boost, ShopeePay, Lazada Wallet, credit card and online banking.
Privilege Card holders will also benefit from the Self-Employment Social Security Scheme (SESSS) under Social Security Organization which will be an automatic enrolment for cardholders. As cardholders, the scheme will provide social protection for hawkers and petty traders from accidents while carrying out their business activities, funding hospital treatment costs, temporary and permanent disability benefits, compensation for spouses and heirs, as well as other benefits.
MEDAC Minister Tan Sri Noh Omar said that the collaboration will assist hawkers and petty traders to embrace digitalization in line with the increase trend of cashless spending among Malaysians. He also said that other than providing cardholders a much efficient and safer transaction method while conducting businesses, the additional SESSS is commendable as a majority of hawkers and petty traders do not have individual insurance coverage of their own.
The Chairman of AEON Credit Ng Eng Kiat expressed, “We aim to bring access to financial services to all communities through the issuance of the Privilege Card in our effort to contribute towards equitable and sustainable growth for hawkers and petty traders which is also in line with AEON Credit’s commitment to continuously give back to the community”.
AEON expects for the collaboration to expand its network to the 2 million hawkers and petty traders and sales to increase due to the additional customers this will also pave the way for the company to participate in future government initiatives.
The Privilege Card will be released nationwide by the end of February 2022.
