THIS IS US

We Think Fast & Move Faster. 

 As Industry Pioneers, we develop first-in-the-market cross border,  multi-currency payment solutions by leveraging on
cutting-edge technology and an innate understanding of the market & the fast paced environment we operate in. 

We Are Merchantrade. 

Our goal is to revolutionise convenience  and enrich lives with our digital platforms – 
to make connections easier, quicker and more convenient.

BUSINESS

Our 3 Pillars

Digital Payment Services

Money Services Business

Mobile
Services

WHAT WE BELIEVE IN

Enriching Lives

Our customer-centric nature enables us to have a deep understanding of customer needs and develop innovative solutions for individuals, families and communities around us.

MILESTONES

Our journey

2020

  • Formed partnership for money transfers to China with Ant Group - Alipay
  • Increased stake to 70% in Kliq Pte Ltd, Singapore and re-branded M1Remit money transfer app to eRemit Singapore
  • Acquired Valyou Sdn Bhd
  • Partner with Kenanga Investment Bank to offer Kenanga Money eWallet

2019

  • Awarded as Visa's Most Outstanding Launch - Innovation Products Award, and Malaysia Technology Excellence Award
  • Formed partnership for global money transfer network service with Western Union
  • Launched Ozopay, a payment gateway service
  • New Insurance Product of the Year (Merchantrade Insure Basic)
  • RemTech Award 2019 (Popular Votes - Merchantrade Money)

2018

  • Officially launched Merchantrade Money Visa Prepaid Card
  • Nominated by Malaysian Fintech Award – Prominent Enterprise Of The Year Category
  • Florin Asia Innovation Awards 2018 – 1st Runner Up (Merchantrade Money)
  • Launch of Merchantrade Insure

2017

  • Acquired 49% of Kliq Pte Ltd
  • Acquired Vital Rate Sdn Bhd
  • MAMSB MCX Award 2017 – Most Outstanding Customer Experience Award
  • Winner for Interbank GIRO (IBG) Campaign 2017 by PayNet in the SMEs, Partnerships and Sole Proprietorship category
  • The Brand Laureate SMEs Best Brands Award for "Best Brands in E-Commerce, Digital Remittance for Product Branding"

2016

  • Florin Asia Awards 2016 –  Best Remittance Breakthrough Transfers (eRemit)
  • Launched BizPayments (B2B Remittance)
  •  International Association of Money Transfer Networks – Best Retail Money Transfer Operator

2015

  • Launched online currency exchange portal, eForex
  • Launched Wholesale Currency Business
  • Launched Mobile Coupon services (MCoopon)

2014

  • Investment by Celcom Axiata

2013

  • FPX Top Merchant Award 2013

2012

  • Launched money exchange services
  • FPX Most Outstanding Merchant (transaction volume) Award 2012

2011

  • Launched 1st non-bank online remittance portal, eRemit
  • First to be licensed under the MSB Act 2011

2009

  • Investment by Sumitomo Corporation Japan

2007

  • Launched mobile virtual network provider (MVNO) with Celcom Axiata Bhd
  • License to operate as a non-bank remittance provider and launched International Express Remittance Services

2003

  • Offered discounted IDD telephone cards, Voice-over-IP (VOIP) and call shops

2001

  • Telecommunications equipment supplier

1996

  • Merchantrade was founded.

 Subsidiaries

Our Affilliates

Directors’ Report and Audited Financial Statements 31 December 2020