Kakitangan.com, a cloud HR software provider, has partnered with Merchantrade Asia, a Malaysian money services company, to digitise wage payments and promote financial inclusion for migrant workers.
The partnership integrates Kakitangan.com’s automated payroll system with Merchantrade Money, a Visa-powered e-wallet, enabling employers to credit salaries securely and efficiently.
Merchantrade recently secured approval from the Ministry of Human Resources as a Designated Payment Instrument (DPI) issuer for digital wage payments.
Workers gain secure digital access to wages, can make cashless payments anywhere Visa is accepted, and withdraw cash from Visa Plus ATMs.
This initiative is particularly valuable for businesses in remote locations, such as estates, outskirt factories, and mining sites, where traditional banking services are limited.
The collaboration aims to support over 1,000 businesses in digitising payroll and HR operations.
It also seeks to provide data insights to statutory bodies, helping them better understand and address the needs of migrant communities.
Effon Khoo, Founder and CEO of Kakitangan.com, said,
“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.
Additionally, our ‘first-to-last-mile’ digital wage solution provides employers with comprehensive support at every stage, from onboarding and training to after-sales service.”
Featured image credit: Edited from Freepik
