In July 2024, fintech startup Qashier introduced the QashierPay Soundbox in Malaysia to enhance the security of digital payments for businesses transitioning to cashless transactions. This QR payment terminal provides real-time auditory alerts upon successful payment receipt, ensuring immediate notification for merchants. The plug-and-play device is particularly beneficial for businesses with high transaction volumes, such as hawkers and mini-marts.
During a pilot phase starting in May 2024, Qashier onboarded over 1,500 merchants in the food and beverage and retail sectors, processing nearly RM2 million in transactions within two months. The Soundbox supports multiple e-wallet QR payments, including DuitNow-enabled apps like TNG e-wallet, Shopee Pay, and BigPay. It also features a display of recent transactions, trilingual audio alerts (English, Malay, and Mandarin), next-day payouts, and portability with Wi-Fi and SIM capabilities.
To promote adoption, the first 1,000 businesses registering between July 24 and August 31, 2024, could purchase the QashierPay Soundbox at a promotional price of RM199, which included a 12-month data plan. This initiative is part of Qashier’s ongoing efforts to support small and medium-sized enterprises in embracing digital payment solutions.
Qashier has processed over US$1 billion in transactions since launching its payment solution in 2022, serving more than 7,000 merchants across Singapore, Malaysia, the Philippines, and Thailand. The QashierPay Soundbox is available in Singapore and Malaysia, with plans for expansion into other markets.