PETALING JAYA: GHL Systems Bhd has tied up with independent personal finance website Loanstreet to offer customised vehicle road tax and insurance renewal services.
The new service will be available via GHL’s Grow, which offers structured financial and non-financing products and services to its existing merchant base, micro, small medium enterprises and consumers.
GHL, a leading payment solutions provider, said in a statement yesterday that the service enables end-to-end road tax and insurance delivery services right up to the consumer’s doorstep for a quick and hassle-free process.
“The insurance package is fully customisable for any additional coverage add-ons, ranging from windscreen, natural disasters (flood) to liability claim from passengers.
“Consumers are able to compare the multiple options available in the market on a single page. They can pick and choose, while deciding for themselves what they are most comfortable with.”
In the same statement, GHL chief executive officer Sean S. Hesh said the company was offering value-added servicesd by diversifying into payment acceptance services.
“Online road tax and insurance renewal gives consumers choices and options and forms part of our strategy to expand our value added services offerings to our merchant base, as well as to the public at large.”
He noted that the Road Transport Department and post offices’ capacity to handle physical renewals are restricted due to tighter standard operating procedures on social distancing under the movement control order (MCO).
Meanwhile, Robin Ang, director of Finology Sdn Bhd (the holding company of Loanstreet) said Loanstreet was the first website in Malaysia that offered customers the option of renewing their motorcycle road tax and insurance online.
“We’ve been steadily adding on new products and insurers since then. Today, we are proud to support GHL’s vision to expand their offerings to the public and enable this for GHL’s user base. “
“The online renewal option bodes well for the consumers as physical movement has been restricted due to the re-imposition of the MCO and allows renewals to be done without the risk of physical exposure to Covid-19.”
GHL’s reach spans across seven countries, namely Malaysia, Philippines, Thailand, Indonesia, Cambodia, Singapore and Australia, boasting a vast footprint of 380,800 payment touch points across the region.
GHL is the leading payment acquirer in Asean for over 100 global and regional payment schemes and channels, processing over RM1.5bil payment transactions per month.
The company rolled out Grow in October last year. Its products, such as micro financing, lends up to RM100,000 with zero early settlement charges to aid cash flow issues, a major concern during the uncertainties caused by Covid-19.