BUSINESS

LintraMax, Merchantrade Asia to bring digital payment solutions to oil palm

10/06/2021 11:20 AM

KUALA LUMPUR, June 10 -- LintraMax, an oil palm plantation management solutions provider, and Merchantrade Asia Sdn Bhd are collaborating to bring digital payment solutions to oil palm plantations across Malaysia, in an effort to digitise plantation operations and provide a cashless ecosystem.

Merchantrade Asia is a payment company that offers cross-border money transfers, mobile money and electronic payments service; supported by an extensive and growing nationwide physical network of 98 branches, 500 agent locations and two main wholesale banknote trading hubs.

Under the partnership, both companies will introduce Merchantrade Asia’s digital payment solutions to oil palm plantations that are currently using the Quarto plantation management system developed by LintraMax, and also reach out to the plantations’ workers to introduce them to the digital wallet, Merchantrade Money, 

LintraMax founder and managing director Khor Kheng Khoon said payroll processing at plantations was the main pain point that the company was trying to address through the partnership, as many plantations still rely on cash and cheques to pay employees’ wages every month.

“These methods are not the most efficient or safest, so LintraMax hopes to digitalise wage payments, such as through the use of digital wallets.

“This is where Merchantrade’s expertise is crucial for the mission, and we are excited to partner with them,” he said in a statement today. 

About 100 plantation companies nationwide are currently using LintraMax’s Quarto plantation management system. 

“Digital wages payment solutions can help companies reduce risks associated with using or having cash.

“The solutions can also help minimise physical contact during the COVID-19 pandemic and ensure transparency in the company’s payroll,” Khor added.

-- BERNAMA

 

 


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