TNG Digital, operator of digital financial services and lifestyle app TNG eWallet, and EPOS, a point-of-sale ( POS ) digital solutions provider under Ant International, have jointly launched EPOS360 in Malaysia.

EPOS360 is a suite of AI-powered growth tools and unique payment capabilities to support the digitalization of Malaysian businesses, particularly small and medium enterprises ( SMEs ).

A mini-programme within TNG eWallet, EPOS360 gives Malaysian SMEs direct access to AI-powered tools, integrated payments, and marketing capabilities in one place, and allows them to engage over 25 million TNG eWallet users.

The initiative, which will also be launched in Singapore soon, is supported by the Malaysia Digital Economy Corporation ( MDEC ), a government agency under the Ministry of Digital,  in line with its efforts to advance the country's digital economy.

As part of EPOS360, TNG Digital and EPOS are introducing EPOS360 BlueTap, a smart over-the-counter device that supports multiple payment methods in one terminal. Through BlueTap, consumers can tap-to-pay with TNG eWallet, which also supports DuitNow QR, major eWallets, and soon, card payments.

Alan Wang, EPOS chief executive officer and Ant International vice president, comments: “SMEs are the heart of our communities, and yet they face very real challenges in an increasingly competitive environment. Digitalization is no longer a nice to have, and we believe that by putting the right technology into the hands of SMEs, we can empower them to unlock new and exciting opportunities.

"We’re excited to partner with TNG Digital, Malaysia’s biggest mobile ecosystem to bring this vision to reality, and jointly accelerate the growth and transformation of local SMEs. Moving forward, Ant International, through EPOS, will significantly accelerate its strategy to drive SME digitalization in Southeast Asia and beyond.”