MNC, M3Tech in pact on DTFZ e-Commerce platformApril 12, 2017
MNC CEO, Christopher Tan Chor HowMNC Wireless Bhd (MNC) and M3 Technologies (Asia) Bhd (M3Tech) have joined forces to develop an integrated payment gateway solutions and an end-to-end logistic support that will operate in the Malaysia Digital Free Trade Zone (DTFZ).
The project is a further boost for the DTFZ which was launched by Malaysian Prime Minister Datuk Seri Najib Razak and Alibaba Group Founder and executive chairman Jack Ma.
The DTFZ is taunted to be the world’s first such hub outside of China.
MNC, a mobile apps developer information communication technology (ICT) solutions, and M3Tech, a mobile value added services (VAS) provider, inked the deal which also comprise a business-to-business focused trading solution for manufacturers to connect with international buyers, also have and a consumer-to-consumer focused trading platform supporting smaller-scale entrepreneurs to sell through online platforms.
In a media release yesterday, it was recapped that the DFTZ has the potential to double the growth rate of Malaysian small and medium enterprises’ (SMEs) goods exports by 2025, and is estimated to support US$65 billion (RM287.95 billion) worth of goods will be moving through the DFTZ, with 60,000 direct and indirect jobs created as a result of this growth.
“The DTFZ will allow for local SMEs and entrepreneurs, to access the Asean market as it serves as the gateway, thereby allowing their products to tap wider markets,” said MNC Wireless Bhd chief executive officer Christopher Tan Chor.
Nevertheless, M3Tech general manager Kevin Ng Chen Lok said the DTFZ will encourage, especially traditional brick-and- mortar business run by SMEs, a seamless transition into the e-Commerce sphere and trade across Asean countries and the world.
In addition, online marketing platforms solutions and services will be available to merchants via an in-house online marketing platform with merchants having options to obtain greater exposure to help them stand out via pay-for-performance and display marketing advertising.
The e-Commerce deliveries will be supported by a logistic platform that offers near- to real-time information updates for both merchant and buyers to better monitor status of deliveries.
All of these will be supported by cloud computing and data management strategic partners to ensure expected massive traffic and volumes are well managed by the platform.
This article first appeared in Malay Mail’s Money section