Merchantrade Asia Sdn Bhd is ready to accelerate its FinTech services growth, following the agreement signed with BonusKad Loyalty Sdn Bhd (BonusLink). The partnership will allow Merchantrade to provide eRemit and eForex to eight million BonusLink members nationwide.
With this, it is expected that Merchantrade’s growth will be driven further with RM1 billion eRemit transaction alone by 2018. According to Ramasamy K. Veeran, Founder and Managing Director of Merchantrade, the eRemit platform recorded RM650 million (mn) in transactions last year and the amount is expected to reach RM800mn by the end of this year, while the eForex projected growth would be 140%.
In conjunction with the partnership, BonusLink members can now collect 2X BonusLink Points from 23 August to 30 September 2017 on eForex for currency purchases and eRemit, for money transaction overseas.