{"id":3582,"date":"2021-06-28T09:54:11","date_gmt":"2021-06-28T01:54:11","guid":{"rendered":"https:\/\/mtradeasia.com\/main\/?p=3582"},"modified":"2021-06-30T11:04:50","modified_gmt":"2021-06-30T03:04:50","slug":"our-innovation-merchantrade-money","status":"publish","type":"post","link":"https:\/\/democorpweb.mtradeasia.com\/main\/our-innovation-merchantrade-money\/","title":{"rendered":"Promoting financial inclusion for communities in Malaysia &#038; Globally"},"content":{"rendered":"[vc_row content_placement=&#8221;middle&#8221; css=&#8221;.vc_custom_1624950904837{padding-top: 64px !important;padding-bottom: 64px !important;}&#8221;][vc_column width=&#8221;1\/2&#8243;][vc_single_image image=&#8221;3482&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221;][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_column_text]\n<h2 style=\"color: #fe0000;\"><strong>OUR INNOVATION: MERCHANTRADE MONEY<\/strong><\/h2>\n[\/vc_column_text]\n        <div id=\"lvca-spacer-6a227837280c0\" class=\"lvca-spacer\"  data-desktop_spacing=\"24\" data-tablet_spacing=\"30\" data-tablet_width=\"960\" data-mobile_spacing=\"10\" data-mobile_width=\"480\"><\/div>\n\n        [vc_column_text]Migrant workers in Malaysia are majority unbanked and lacked access to banking facilities due to their foreign worker status (perceived as high risk), accessibility (rural locations) and the cost of banking facilities (high fees &amp; charges). Majority of them get their salaries in cash and keeping it safe is of great concern to them. Many have been victims of robbery and theft, losing all or substantial all of their savings.[\/vc_column_text]\n        <div id=\"lvca-spacer-6a227837280ed\" class=\"lvca-spacer\"  data-desktop_spacing=\"24\" data-tablet_spacing=\"30\" data-tablet_width=\"960\" data-mobile_spacing=\"10\" data-mobile_width=\"480\"><\/div>\n\n        [vc_column_text]<strong>Merchantrade Money<\/strong> recognizes the real need to provide the migrant workers with a holistic digital solution which is legal, secure &amp; affordable to store, manage and remit their money- fast and hassle free.[\/vc_column_text]\n        <div id=\"lvca-spacer-6a22783728107\" class=\"lvca-spacer\"  data-desktop_spacing=\"24\" data-tablet_spacing=\"30\" data-tablet_width=\"960\" data-mobile_spacing=\"10\" data-mobile_width=\"480\"><\/div>\n\n        [vc_column_text]\n<h3>Awards and Accolades in 2019<\/h3>\n[\/vc_column_text][vc_column_text]\n<ul>\n<li><span style=\"font-weight: 400;\">Malaysia Technology Excellence Award (Fintech &#8211; Financial Services)&nbsp;<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Visa Innovative Product 2018\/19 (VISA Malaysia Most Outstanding Innovation Prepaid Travel Money)<\/span><\/li>\n<li><span style=\"font-weight: 400;\">New Insurance Product of the Year (Merchantrade Insure Basic)<\/span><\/li>\n<li><span style=\"font-weight: 400;\">RemTech Award 2019 (Popular Votes \u2013 Merchantrade Money)&nbsp;<\/span><\/li>\n<\/ul>\n[\/vc_column_text][\/vc_column][\/vc_row][vc_row content_placement=&#8221;middle&#8221; css=&#8221;.vc_custom_1624950920626{padding-top: 64px !important;padding-bottom: 64px !important;}&#8221;][vc_column width=&#8221;1\/2&#8243;][vc_column_text]\n<h2><span style=\"color: #fe0000;\"><b>OUR INNOVATION: SALARY CREDITING INTO MERCHANTRADE MONEY <\/b><\/span><\/h2>\n[\/vc_column_text]\n        <div id=\"lvca-spacer-6a2278372811f\" class=\"lvca-spacer\"  data-desktop_spacing=\"24\" data-tablet_spacing=\"30\" data-tablet_width=\"960\" data-mobile_spacing=\"10\" data-mobile_width=\"480\"><\/div>\n\n        [vc_column_text]Merchantrade currently works with more than 200+ corporate customers in the construction, plantation, manufacturing industry to extend our salary crediting services to 40,000+ Migrant and B40 employees who do not have access to bank accounts. We are partnering with new corporates daily to extend this service for their workers.[\/vc_column_text]\n        <div id=\"lvca-spacer-6a22783728137\" class=\"lvca-spacer\"  data-desktop_spacing=\"24\" data-tablet_spacing=\"30\" data-tablet_width=\"960\" data-mobile_spacing=\"10\" data-mobile_width=\"480\"><\/div>\n\n        [vc_column_text]\n<ul>\n<li>Merchantrade works with the world\u2019s largest glove manufacturer, based in Malaysia &#8211; employing more than 10,000 workers, mostly foreign workers<\/li>\n<li>They use Merchantrade\u2019s salary crediting services &#8211; Factory workers salaries are credited directly into their MM card<\/li>\n<li>Workers use the card to make payment at shops around the factory area (groceries, etc)<\/li>\n<li>Workers remit money directly from their mobile app to their family back home<\/li>\n<\/ul>\n<p>&nbsp;[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_images_carousel images=&#8221;3739,3740,3738&#8243; img_size=&#8221;full&#8221; onclick=&#8221;link_no&#8221; el_class=&#8221;text-center&#8221;][\/vc_column][\/vc_row][vc_row content_placement=&#8221;middle&#8221; css=&#8221;.vc_custom_1624950933618{padding-top: 64px !important;padding-bottom: 64px !important;}&#8221;][vc_column width=&#8221;1\/2&#8243;][vc_single_image image=&#8221;3655&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221;][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_column_text]\n<h2><span style=\"color: #fe0000;\"><b>OUR INNOVATION: MERCHANTRADE INSURE<\/b><\/span><\/h2>\n[\/vc_column_text]\n        <div id=\"lvca-spacer-6a2278372814d\" class=\"lvca-spacer\"  data-desktop_spacing=\"24\" data-tablet_spacing=\"30\" data-tablet_width=\"960\" data-mobile_spacing=\"10\" data-mobile_width=\"480\"><\/div>\n\n        [vc_column_text]\n<h3>Merchantrade Insure Basic<\/h3>\n[\/vc_column_text][vc_column_text]<strong>1st<\/strong> <span style=\"font-weight: 400;\">Personal Accident Insurance in Malaysia with direct remittance of payouts to the beneficiaries<br \/>\n<\/span><strong>1st<\/strong> <span style=\"font-weight: 400;\">to allow blue-collared workers to purchase insurance on their own accord<\/span>[\/vc_column_text][\/vc_column][\/vc_row][vc_row content_placement=&#8221;middle&#8221; css=&#8221;.vc_custom_1624950943234{padding-top: 64px !important;padding-bottom: 64px !important;}&#8221;][vc_column width=&#8221;1\/2&#8243;][vc_column_text]\n<h2><span style=\"color: #fe0000;\"><strong>OUR INNOVATION: MERCHANTRADE MONEY &amp; MERCHANTRADE INSURE MEDIC<\/strong><\/span><\/h2>\n[\/vc_column_text]\n        <div id=\"lvca-spacer-6a22783728163\" class=\"lvca-spacer\"  data-desktop_spacing=\"24\" data-tablet_spacing=\"30\" data-tablet_width=\"960\" data-mobile_spacing=\"10\" data-mobile_width=\"480\"><\/div>\n\n        [vc_column_text]<b>Financial products for Refugees <\/b><span style=\"font-weight: 400;\">\u2013 Merchantrade Money as well as our latest product \u2013 Merchantrade Insure Medic, a Medical plan exclusively for UNHCR card holders.<\/span><\/p>\n<p><b>Targeted Financial literacy programs<br \/>\n<\/b><span style=\"font-weight: 400;\">Working together with Rohingya TV \u2013 a Youtube channel (40-50k subscribers) managed by Rohingyas living in Malaysia to highlight financial planning, the need for insurance, etc. in their videos.<\/span><\/p>\n<p><b>Promote Merchantrade Money <\/b><span style=\"font-weight: 400;\">among refugees communities in Selangor, Kuala Lumpur, Penang and Johor. Our refugee customers are mostly from the Myanmar Chin, Somali and Pakistani communities<\/span><b>.&nbsp;<\/b><\/p>\n<p><b>UNHCR &amp; Community cards<br \/>\n<\/b><span style=\"font-weight: 400;\">Majority of refugees here in Malaysia lack proper documentation, some don\u2019t have a passport\/visa. Merchantrade allows these refugees to register using their UNCHR cards or community cards provided by their employers&nbsp;<\/span><\/p>\n<p>&nbsp;[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_single_image image=&#8221;3439&#8243; img_size=&#8221;full&#8221;][\/vc_column][\/vc_row]\n","protected":false},"excerpt":{"rendered":"[vc_row content_placement=&#8221;middle&#8221; css=&#8221;.vc_custom_1624950904837{padding-top: 64px !important;padding-bottom: 64px !important;}&#8221;][vc_column width=&#8221;1\/2&#8243;][vc_single_image image=&#8221;3482&#8243; img_size=&#8221;full&#8221; alignment=&#8221;center&#8221;][\/vc_column][vc_column width=&#8221;1\/2&#8243;][vc_column_text] OUR INNOVATION: MERCHANTRADE MONEY [\/vc_column_text][vc_column_text]Migrant workers in Malaysia are majority unbanked and lacked access to banking facilities due to their foreign worker status (perceived as high risk), accessibility (rural locations) and the cost of banking facilities (high fees &amp; charges). Majority of them&#8230; <a style=\"display:none\" class=\"view-article\" href=\"https:\/\/democorpweb.mtradeasia.com\/main\/our-innovation-merchantrade-money\/\">View Article<\/a>","protected":false},"author":7,"featured_media":3742,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[30],"tags":[31],"_links":{"self":[{"href":"https:\/\/democorpweb.mtradeasia.com\/main\/wp-json\/wp\/v2\/posts\/3582"}],"collection":[{"href":"https:\/\/democorpweb.mtradeasia.com\/main\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/democorpweb.mtradeasia.com\/main\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/democorpweb.mtradeasia.com\/main\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/democorpweb.mtradeasia.com\/main\/wp-json\/wp\/v2\/comments?post=3582"}],"version-history":[{"count":10,"href":"https:\/\/democorpweb.mtradeasia.com\/main\/wp-json\/wp\/v2\/posts\/3582\/revisions"}],"predecessor-version":[{"id":3741,"href":"https:\/\/democorpweb.mtradeasia.com\/main\/wp-json\/wp\/v2\/posts\/3582\/revisions\/3741"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/democorpweb.mtradeasia.com\/main\/wp-json\/wp\/v2\/media\/3742"}],"wp:attachment":[{"href":"https:\/\/democorpweb.mtradeasia.com\/main\/wp-json\/wp\/v2\/media?parent=3582"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/democorpweb.mtradeasia.com\/main\/wp-json\/wp\/v2\/categories?post=3582"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/democorpweb.mtradeasia.com\/main\/wp-json\/wp\/v2\/tags?post=3582"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}