PNMB Payfo Sdn Bhd (Payfo) is a fintech startup owned by Percetakan Nasional Malaysia Berhad based in Kuala Lumpur, Malaysia. Their services are to rattle the financial space by building new and innovative products and solutions in guiding small and medium businesses in becoming successful.

Payfo has launched five fintech applications up until this point, specifically Openbills, Bepasar, Subspays, Kredids and it’s latest addition, Joy, which assists in business-to-business (B2B) and business-to-consumer (B2C) services.

The first application that was launched is Openbills. It was established in the midst of 2019 by the Domestic Trade and Consumer Affairs minister. Openbills gives a solution as a bill total stage for clients to cover exceptional bills or requests while getting rewards.

Subspays on the other hand is a semi-autonomous and credit only endowment platform that assists organizations with dealing with their sponsorship arrangements. Along with PNMB's best in class smart card manufacturing facility, they can supplement their advanced arrangement with a closed loop keen card arrangement and an open loop EMV confirmed solution. Nonetheless, they likewise help state and federal government agencies to manage the subsidy provisions for the B40 group.

To help facilitate the trouble spots of migrant laborers, Bepasar's partnership with Merchantrade Asia makes it consistent to transmit cash back to their nations of origin. The application likewise permits them to take care of their bills at home and pick favored items from their nations of origin by means of an e-marketplace. At the opposite finish of the range, employers will likewise profit by this digitalisation where laborer salaries are being dispensed through prepaid cards.

Kredids was at first made to provide food for receipt financing and considering organizations. From that point forward, it has advanced to likewise incorporate P2P and ECF players, just as conventional financial foundations (businesses) to furnish organizations with fast elective financing solutions.

Last but not least, Joy, launched in 2021 is a comprehensive omni-channel digital installment, e-commerce and reward platform that expects to profit from the two which are its clients and merchants. This digital reliability platform will help online and offline merchants to assemble their client base and improve their client maintenance. Users, then again, will appreciate the comfort of an e-wallet alongside great prizes.

Joy is as of now meaning to grow its merchant base to incorporate brands, organizations, and new businesses to cultivate long haul associations via fintech. Until this point in time, Joy has effectively worked with brands like MPH, Komugi, Menara Optometery, Ahh-Yum by Kampong Kravers and others. At last, the fintech is set to be accessible for use across the whole country and conform to the goals of Payfo to disrupt the financial space in Malaysia.

Over the course of the next few years, through associations with various partners, Payfo is anticipating that the number of Joy users would reach up to 1.2 million users.

Discover more about Payfo and how they work their way in “disrupting the financial space” in Malaysia on their website.