From Left: Terry Yee, CEO of Paydibs Sdn Bhd and Muhammed Fidzri Syafeeq, Chief Secretariat of Hobby Association of Malaysia.
KUALA LUMPUR, 27th September, 2018 (Thursday): Hobby Association of Malaysia (HAOM) and Paydibs Sdn Bhd (Paydibs) agreed to build cooperation by signing a memorandum of understanding (MoU) on enabling Malaysia’s largest hobby expo, Malaysia Hobby Expo (MHX) 2018 to go cashless. The MoU signing took place at Paydibs Office at Maju Link, Kuala Lumpur today. This MoU was signed by Muhammed Fidzri Syafeeq, Chief Secretariat of Hobby Association of Malaysia and Paydibs CEO Terry Yee.
The MoU aims at promoting cashless in MHX 2018, which will be held on 6th and 7th of October 2018, from 10am to 10pm at Malaysia Agro Exposition Park Serdang (MAEPS), MARDI, Serdang. The MoU coverage is focused on enabling the expo exhibitors to accept QR code payments using mobile payment solution facilitated by Paydibs. Through this partnership with HAOM and Paydibs, visitors are able to use licensed e-money such as TNG eWallet and MCash to pay the exhibitors for their purchases or activities during the expo.
“Combining our established network of local hobbies enthusiasts with Paydibs, we will be able to create new value to our association members by introducing digital payments and educate them in going cashless”, said Chief Secretariat of Hobby Association of Malaysia Fidzri Shafeeq. “Hobby Association of Malaysia has always committed and maintained a consistent effort to promote the hobby industries with our activities and events,” Fidzri added.
“These collaborative efforts are expected to reap results that will increase the adoption rate of e-money among hobby society,” said Paydibs CEO Terry Yee. “Digital payments allow for a more secure shopping experience without having to worry about not having enough money at hand. Going cashless is definitely is the way to go as digital payments are revolutionising the world of retail,” Terry added.
Founded in 2010, Paydibs Sdn Bhd (902029-A) is a local Fintech company specializes in payment processing technology and solution for both online and brick and mortar merchant customers. Paydibs operates a reliable and secure proprietary technology platform that enable small to large businesses to accept a vast array of payment types, across multiple channels, anywhere in the Southeast Asia region. As a regulatee of Bank Negara Malaysia under Financial Services Act 2013 as registered business (merchant acquiring services), Paydibs partners with financial institutions to acquire merchants and facilitate them to accept mobile payments (particularly in using QR code) through Paydibs Pay and online payments through Paydibs Checkout. With office in Kuala Lumpur, Paydibs serves customers including 99 Speedmart, Redbox, CircleK, MayFair and Station One. Please visit www.paydibs.com for more info about Paydibs.
About Malaysia Hobby Expo
Malaysia Hobby Expo 2018 is an annual event co-organized by Hobby Association of Malaysia and GF Cube Global. Taking its inspiration from internationally-led hobby exhibitions, it is the largest Hobby Expo ever held in Malaysia with more than 300 companies, groups, societies, and clubs participate in this exclusive event. Please visit https://www.facebook.com/myhobbyexpo/ for more info about Malaysia Hobby Expo.