KUALA LUMPUR, Sept 27 – T-Melmax Sdn Bhd (T-Melmax), a wholly-owned subsidiary of Censof Holdings Bhd (Censof), has signed a memorandum of understanding (MoU) with Fass Payment Solutions Sdn Bhd (Fasspay) to drive potential capital growth, improve market access, and procure various business deals together in Southeast Asia.
The MoU will enable Fasspay, a wholly-owned subsidiary of Asia’s leading fintech company Soft Space Sdn Bhd (Soft Space), to gain access to the vast list of T-Melmax’s clientele via Censof, while T-Melmax will be able to leverage on Fasspay’s payment technologies for further growth.
In a statement, Censof group managing director, Ameer Shaik Mydin, said, “We are pleased to join hands with Fasspay and Soft Space, a leading and innovative payments player in the region.”
“Our platform will enable Soft Space to expand its presence within a short time frame and without specific payment barriers whilst delivering the highest quality and security standards. Both parties mutually benefit from the partnership due to greater market penetration and access to new client segments,” he added.