CHIP IN, a fintech startup focused on digitising business processes for micro, small, and medium enterprises (MSME) in Malaysia, has been officially approved by Bank Negara Malaysia (BNM) as a Non-Bank Merchant Acquirer.
This enhances CHIP’s ability to offer secure and innovative payment solutions to MSMEs across the country.
Since its incorporation in March 2022, CHIP has worked with over 2,000 MSMEs, processing nearly RM 1 billion in transactions.
The company offers comprehensive solutions, including payment processing, expense management, and compliance tools.
CHIP plans to expand its product offerings to include e-invoicing and Know Your Business (KYB) platform solutions, aiming to further enhance operational efficiency and financial management for MSMEs.
The company has achieved several industry certifications, including ISO/IEC 27017:2015, ISO/IEC 27001:2022, and PCI-DSS Level 1.
CHIP was a winner of PayNet’s Fintech E Payment Accelerator Programme 2022.
“We are thrilled and honoured to be registered by Bank Negara Malaysia. This registration not only validates our commitment to excellence and security but also propels us forward in our mission to empower MSMEs with cutting-edge financial solutions. We extend our heartfelt gratitude to our dedicated team for their unwavering efforts.”
said Zakwan Sharif, Chief Executive Officer at CHIP.
Featured image credit: Edited from Freepik
