Merchantrade Receives Approval For Wage Payment Instrument
KUALA LUMPUR, Merchantrade Asia Sdn Bhd (Merchantrade) has been recognised by the Peninsula Malaysia Labour Department (JTKSM) as an approved issuer of a designated payment instrument for wage payments. Merchantrade founder and managing director Ramasamy K. Veeran said the expansion into digital wage solutions was a natural progression following the company’s success in the remittance and e-wallet sectors. He emphasised the need to address the challenges faced by foreign workers and other unbanked segments in Malaysia. ‘Over the years, we have built a robust ecosystem tailored to the needs of this segment. Thus, we believe Merchantrade is strategically positioned to