KUALA LUMPUR: OCBC Bank (Malaysia) Bhd (OCBC Bank) has become the first foreign bank in the country to offer all-in-one digital payment terminals for merchants to integrate and accept all cards and e-payment transactions on a single device. The all-in-one digital payment terminal developed by RGB will simplify the payment acceptance process as it enables physical retail merchants to accept both card and mobile wallet payments using a single digital payment terminal. According to OCBC Bank head of consumer lifestyle finance Ryan Kong, the deployment of the all-in-one digital terminal enables the bank’s merchant partners to accept multiple payment services such as major e-wallets as well as multiple card schemes. The digital payment terminal has a wide range of connectivity, including 3G, 4G, WiFi and Bluetooth networks, enabling physical retail merchants to process electronic transactions wirelessly and offer their customers a fast and convenient service experience. "Through this digital payment terminal, physical retail merchants will be able to accept payment through multiple channels involving QR codes, near-field communications (NFC), chip cards and traditional magnetic strip cards," he said.

Source: New Strait Times November 13, 2019 08:40 UTC