PETALING JAYA: Revenue IF Bhd has entered into a strategic cooperation framework agreement with China’s Zhuhai Hengqin Vbao Digital Technology Co Ltd to establish a strategic cooperation in cross-border payments, aggregated payment solutions for the insurance industry and the joint development of insurance-related business in Malaysia, Singapore, Indonesia and Thailand.

In a filing with Bursa Malaysia, Revenue IF said the agreement is in line with the strategy of the company and its subsidiaries to expand its payment business and to grow its presence in the regional cross-border payment market.

“The cooperation will allow the group to combine its local payment licence, clearing and settlement infrastructure and local operational capabilities with Vbao’s experience in serving the insurance industry.”

Source: -