Announcing RinggitPay Investment in TMelMax, a Censof Holdings Berhad Company In the dynamic realm of Malaysian business, a new story of innovation and collaboration is taking shape. RinggitPay, renowned for its cutting-edge payment gateway solutions, has embarked on a transformative journey with Censof Holdings Berhad. As a leading public sector company in Malaysia, Censof is a powerhouse in Financial Management Solutions for Government and SMEs and is also expanding its reach into WealthTech and AI-driven Cloud computing through its subsidiaries. Among them is ABSS (Asian Business Software Solutions), which serves over 200,000 businesses with its flagship products, Financio and ABSS Premier (Formerly known as MYOB). Our paths intersected with the visionary leaders at Censof—Tamil Selvan Durairaj, Ameer Shaik (Ameer Shaik Mydin), and Hsin Hsien Ang (Ang Hsin Hsien). Through insightful discussions and a shared vision, we identified a remarkable opportunity for synergy. Censof's expertise in financial management solutions and its expansion into cutting-edge technology through TMelMax, a subsidiary specializing in government receivables and payables via their BayarNow platform, aligned perfectly with our goals. Our dialogue explored the future of payment systems, the transformative potential across industries, and the critical need to modernize the payment ecosystem in today’s AI-driven market. As a result of these discussions, RinggitPay is thrilled to announce its investment in TMelMax, a Censof Holding Berhad Company. This partnership is more than an investment; it is a strategic alliance aimed at accelerating growth and fostering innovation in collection and payables. Leveraging our 15+ years of expertise in banking and payment automation, coupled with TMelMax’s experienced leadership and undivided support, we are poised to revolutionize and digitize account receivables and payables transactions in Malaysia. Our ambition extends beyond national borders. We are committed to broadening our impact, introducing our proven platforms to new markets, and contributing to the global digital economy. As we embark on this exciting venture, we are confident that our Collaboration with TMelMax will not only advance our mutual growth but also play a pivotal role in shaping the future of Malaysia’s payment landscape. RinggitPay Censof Holdings Berhad Ascertain Technologies ABSS (Asian Business Software Solutions) Financio MYOB Rathnavel Anandhakumar Nadarajan R. Yuvaraj Subramaniam Joseph Prasanth Manuel Rama Arumugam Hasliza Mohamad Yaashvin Devraaj Mugunthan Gunasekaran Bavani Ponusami Muhammad Amir Dzakwan Franklin Reuban Saravanan Manivel MadhanKumar B Dinesh S Kumaraguru Ramar Jaganraj Varadaraj Govindarajan K #paymentgateway #digitalpayments #fintechmalaysia #fintechcollaboration #businesstransformation #malaysianfintech #SmartPayments #businessopportunity #ringgitpay #partnership
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