💳 We Reached RM300 Million Top Ups!

'Twas an incredible year!

We just hit a significant milestone in Merchantrade Money's history since our launch in early 2018. As the first Multi-currency e-wallet and a VISA card in Asia with 20 currencies pre-loaded in it, we are one of the fastest growing FinTech companies in Malaysia. While we are celebrating our unprecedented achievements; we also took this time to reflect on what this journey has thought us.

Our Founder and Managing Director, Ramasamy K. Veeran had a vision to venture into the Payment Services Business (PSB) after much success in Money Services Business (MSB)

from our legacy arm of remittance and money exchange. Although different pillars, the focus remained the same which serve the unbanked, travellers, migrants with a unique payment solution.

After gathering data from the market, we realised the pain-points were the time-consuming to research for the best rates in town, security of carrying bulks of cash on-the-go and the markups from banks which you'd only know of the final amount after receiving your bank statement.

With that in mind, the research team hit the drawing board to come up with an e-wallet with a card extension to ease payment methods. It was a no-brainer to collaborate with VISA as they are the leading global payment solution with a presence in over 200 countries, which means you can make payments even in the most remote part of the world.

After a year of research, we launched the card in early 2018 knowing it would benefit our customers who have preferences on hassle-free payment. Our hard work didn't go unrecognised as we got nominated for a Florin Asia Innovation Award in 2018 and won 2nd place.

Since then, we have not stopped and we don't intend to. We're incredibly honoured to be chosen as your #1 travel companion. We're also pleased to announced that we're integrated remittance services in our app that houses any money services and payment solution needs.

Here's to bigger plans for 2019. We hope you're as excited as we are!