- Advancing financial inclusion for Malaysia’s migrant worker community
- Statutory bodies gain deeper insight of the challenges faced by migrants
Kakitangan.com, the country’s largest Cloud HR software provider and Merchantrade, Malaysia’s largest Money Services Business (MSB) operator and a leader in the digital payments space, today announced a strategic partnership aimed at supporting migrant workers employed in Malaysia.
This collaboration leverages Merchantrade’s recent recognition as an approved issuer of a Designated Payment Instrument (DPI) by the Ministry of Human Resources for digital wage payments.
This allows employers to seamlessly pay salaries through Merchantrade’s secure and convenient e-Wallet platform, Merchantrade Money. Kakitangan.com’s expertise comes in through automating payroll calculations and generating the necessary payment documents, ensuring a smooth integration for efficient salary crediting.
This partnership offers a valuable solution for businesses of all sizes:
- Improved employee satisfaction: Employees gain access to secure and convenient e-wallets, fostering financial inclusion and satisfaction.
- Simplified payroll & HR operations: Kakitangan.com’s cloud-based HR software streamlines payroll processes, saving employers valuable time and resources.
- Enhanced compliance: Employers can ensure they meet all statutory requirements with automated calculations and form generation.
This initiative specifically targets employers operating in remote locations, including estates, outskirt factories, and mining sites. Kakitangan.com aims to support over 1,000 businesses in digitalizing their payroll and HR processes, enabling them to reach and empower employees regardless of location.
“We’re thrilled to partner with Merchantrade in this meaningful endeavour,” said Effon Khoo, founder and CEO of Kakitangan.com. “Combining our Cloud HR solutions with Merchantrade Money’s e-wallet services simplifies payroll processes for employers and ensures more migrant workers have access to reliable financial services. This collaboration aligns perfectly with our mission to empower businesses while creating a positive impact on the community.”
Ramasamy K. Veeran, founder and Managing Director at Merchantrade said, “Recognising the significant challenges employers face in opening traditional bank accounts for migrant worker employees, our Merchantrade Money e-wallet, powered by Visa – has enabled these employees to securely receive wages, make cashless payments anywhere Visa is accepted, and withdraw cash from Visa Plus ATMs.”
Collaborating with Kakitangan.com strengthens Merchantrade’s ‘first-to-last-mile’ digital wage solution which provides employers with comprehensive support at every stage, from onboarding and training to after-sales service.
“Through our partnership, we are not only advancing financial inclusion for Malaysia’s migrant worker community but also transforming wage payments for employers,” said Ramasamy.
With improved access to data and statistics, statutory bodies can gain a deeper understanding of the needs and challenges faced by the migrant communities. This knowledge empowers them to implement more targeted and effective support programs.
Further details on Kakitangan’s simplifying payroll processes solution with Merchantrade Money can be obtained here.
(Except for the headline, this story has not been edited by PostX News and is published from a syndicated feed.)
