by HARIZAH KAMEL / pic credit: bayo.my
BAYO Pay (M) Sdn Bhd has further enhanced services for the construction industry through the Construx mobile application to allow international remittance.
The new feature, which was a collaboration with MaxMoney Sdn Bhd, will enable more than 600,000 construction personnel holding the Construction Industry Development Board (CIDB) Construction Personnel Registration Card (CIDB Green Card) to perform online money transfer overseas.
Bayo Pay CEO Aznul Abdullah said this latest collaboration is reflective of its commitment to provide continuous enhancement and value-added digital payment, and transaction solutions for the construction industry.
“Since digitalisation is the new driver for Malaysia’s economic growth, Bayo Pay aims to be a key player in the implementation of digital payment services in the country,” he said in a statement yesterday.
The remittance feature for the CIDB Green Card will facilitate cardholders to perform remittance transactions online.
With the collaboration, the local fintech company has enabled construction personnel to send their money securely and seamlessly to their respective home countries.
In addition to providing convenience, this feature also promotes safety and security as there are no transactions that need to be physically executed over the counter during this pandemic period.
Bayo Pay recently announced the Construx Payroll and Construx e-Wallet as part of the CIDB Green Card Enhancement Programme. These solutions were made available at no cost to construction companies and personnel registered with CIDB.
The online remittance service is the latest feature of this application enhancing the use of the CIDB Green Card and the Construx mobile application for cardholders.
MaxMoney is a pioneer in the money services business in Malaysia, with over 30 years’ experience and is also the first Malaysian company to obtain a full-fledged money service business license, regulated by Bank Negara Malaysia.
The company’s remittance services cover more than 100 foreign currencies catering to 190 countries across the continents.
Moving forward, the Construx mobile app will be further enhanced with more features that will benefit the cardholders and the construction industry.