U Mobile teams up with GoPayz and GoBiz to roll out fintech ecosystem

Local telco giant U Mobile today announced a collaboration with universal e-wallet GoPayz and digital acceptance solution purveyor GoBiz. In a press conference today, U Mobile announced their collaboration and shared details of the collaboration, which is slated for a July rollout and which will involve both platforms in order to create an accessible, affordable and inclusive fintech ecosystem.

GoPayz is widely accepted both locally and overseas and offers loyalty points on top of a wide range of insurance, currency exchange and wealth products. All transactions on PoPays are also considered safe and secure in accordance with regulatory and card scheme standards.

Digital acceptance solution platform GoBiz brings to the table a hassle free application process that allows for approval within three working days, customised solutions that include mobile virtual terminals (MVTs) and mobile point-of-sale (mPOS) terminals, the option to include addition revenue-generating services like telco-prepaid top-ups, bill payments and game points for customers.

“With GoPayz, we can now offer affordable digital financial services to everyone. We have GoLife Plus, the micro insurance which premium is as low as RM13 a month with coverage of up to RM76,000. The premium is unheard of prior to this as life insurance has alway been deemed to cater to those with higher disposable income,” said Jasmine Lee, CMO of U Mobile.

Jasmine Lee, CMO of U Mobile

She added that,”U Mobile’s intention with our fintech ecosystem is to empower all, be it consumers or businesses. Hence, GoBiz seeks to enable all businesses, even the smallest of traders, to accept digital payments from customers and offer additional revenue-generating services like telco prepaid top-ups and bill payments to their customers.” For more details on U Mobile’s new partners GoPayz and GoBiz, visit www.gopayz.com.my  and www.gobiz.com.my