KUALA LUMPUR: AEON Credit Service (M) Bhd (AEON Credit) has launched a privilege card and the IN2NIAGA application in collaboration with the Ministry of Entrepreneur Development and Cooperatives (MEDAC) and In2Niaga Sdn Bhd (IN2NIAGA,) providing a platform that potentially benefits an estimated 1.8 million hawkers and petty traders.

       In a statement today, AEON Credit said the collaboration, which includes partnering with Gabungan Persatuan Penjaja dan Peniaga Malaysia, AEON Group Retail, VISA Malaysia and Datasonic Corporation Sdn Bhd, would 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 IN2NIAGA mobile application.

       "Through IN2NIAGA application, 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," it said.

       AEON Credit said privilege cardholders would also benefit from the self-employment social security scheme under Social Security Organisation 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.

       "The collaboration, which paves the way for the AEON Credit to participate in future government initiatives, will also increase the profitability of its prepaid card business by 2025," it said. - Bernama