Merchantrade Asia inks MoU with UiTM to provide digital wallet service to local, international students

KUALA LUMPUR: Merchantrade Asia Sdn Bhd has signed a memorandum of understanding (MoU) with Universiti Teknologi MARA (UiTM) to provide a digital wallet service to international and outbound students enrolled in UiTM, the university’s employees as well as a million active alumni members.

Aptly known as Merchantrade Money Visa Prepaid Card with Digital Wallet, the card and app solution provides UiTM students and employees with the ease of conducting financial transactions digitally.

Merchantrade managing director Ramasamy K Veeran said the company is constantly evolving and taking the lead in revolutionising the industry with an increased focus on digital offerings.

“Merchantrade aims to enable innovative financial services through technology that also makes it safer and more convenient to carry and spend foreign currencies when customers travel abroad,” he said in a joint statement.

UiTM vice-chancellor Professor Datuk Ts Dr Roziah Mohd Janor said the desire to transform UiTM as the World’sWorld’s Leading University (GRU2025) had provided many opportunities for the university to forge closer collaboration with external organisations and agencies, and the partnership with Merchantrade Asia provides an indication of an excellent start and commitment.

UiTM and Merchantrade also agree to promote international cooperation in the academic field, including teaching collaborations, research, symposiums, exchange of information on education and student developments, and collaboration in community service.