Coin Conversion Service Operator Pertama Digital’s Kocek Now At Pos Malaysia Branches 

Pertama Digital Berhad (Pertama Digital) launched the KOCEK Coin Conversion Service (KOCEK) in collaboration with Pos Malaysia Berhad  (Pos  Malaysia).

This strategic partnership enables KOCEK to offer its innovative coin conversion  services at Pos Malaysia branches throughout Malaysia. Currently available at four locations  in the Klang Valley, the service is expected to expand to about 30 branches by the end of  2023. The KOCEK services will be proliferated to other states in stages in 2024, with plans to  launch 100 locations. 

Deputy Minister of Finance 1 Datuk Seri Ahmad Maslan, who delivered the speech by Prime Minister Dato’ Seri Anwar Bin Ibrahim and  Abd. Rahman Bin Abu Bakar, Assistant Governor of Bank Negara Malaysia, said the collaboration in revolutionising coin conversion as part of improving the  currency circulation and providing convenience to the Rakyat.

Representing Pos Malaysia was  its Chairman Tan Sri Syed Faisal Albar Syed A.R. Albar and Group Chief Executive  Officer Charles Brewer. 

The innovative KOCEK services was initiated by Pertama Digital to invigorate the recirculation  of unused coins among Malaysians. Annually, a significant amount of coins issued by Bank Negara Malaysia (BNM) are not returned for re-circulation, with the estimate of up to 30% or  more than 200 million pieces of coins issued every year ends up being kept unused at home,  in jars and drawers, as “dead coins”.

KOCEK provides an easy access and fast service to help  the Rakyat to convert their collection of unused coins into digital cash value, transferred to their  bank accounts. This will in return, reduce the need to mint and distribute new coins and help  lower the cost of issuing currency for the central bank. 

KOCEK, previously known as MyPay Coin Conversion, offers a seamless solution for  individuals to exchange their unused coins into digital cash value in their bank accounts.  Additionally, merchants and traders can purchase coins for their business needs, addressing  the pain-points of both consumers and businesses and enhancing their spending powers. 

Chairman of Pertama Digital Datuk Ahmad Nazri Abdullah said the collaboration with Pos Malaysia, stating, “We are delighted to make our KOCEK product and  service easily available to the Rakyat through Pos Malaysia’s extensive network. With their  presence in major towns and rural areas, KOCEK can reach more people rapidly and efficiently. In today’s economic environment, every sen counts, and KOCEK aims to  generate additional income for everyone.” 

Charles Brewer, Group Chief Executive Officer of Pos Malaysia Berhad, added, “We are  delighted to join hands with KOCEK. Designed with paramount convenience in mind, KOCEK  harmonises seamlessly with Pos Malaysia’s ethos – we are passionate about building trust to  connect lives and businesses for a better tomorrow. The introduction of KOCEK service at Pos  Malaysia branches is a true testament to our pledge to offer seamless solutions for the  everyday needs of our community. KOCEK represents more than mere convenience—it  embodies Pos Malaysia’s values of constantly driving innovation and delighting our  customers.” 

Through this partnership, Pertama Digital will have access to Pos Malaysia branches  nationwide, providing KOCEK coin conversion service (KOCEK IN) and coin purchase  convenience (KOCEK OUT) for businesses and traders. The KOCEK service is available  through the Company’s MyPay application, which enables seamless communication with  selected government agencies. Pertama Digital plans to roll out the KOCEK service  aggressively across Malaysia in the near future. 

“We are grateful to Pos Malaysia for this collaboration, and we believe it will be a win-win  situation for all stakeholders involved. Our ultimate goal is to digitise and reach as many people  as possible, and Pos Malaysia branches perfectly complement our efforts. With KOCEK,  individuals can effortlessly convert their spare coins into enhanced spending power,”  concluded Datuk Ahmad Nazri. 

KOCEK is currently operational at three major locations in the Klang Valley, including Subang  Parade, Berjaya Times Square and NSK Trade City in Kuchai Lama, in addition to four Pos  Malaysia branches, namely Pejabat Pos Besar Kuala Lumpur, Pejabat Pos Besar Shah Alam,  Pejabat Pos Kajang 2020 and Pejabat Pos Bandar Baru Bangi. 

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