The future of cash as the dominant payment method in Asia Pacific is changing as a result of technology innovation, government-sponsored programs, increasing smartphone penetration, and evolving consumer behavior. As governments throughout Asia Pacific create initiatives for cashless economies, Verifone will deliver next-generation of Engage payment solutions in the region including: the e285 mobile point-of-sale (mPOS) in Thailand and the flexible V205c and V200t in Malaysia.
Verifone Engage is a family of interactive, commerce-enabling payment devices that allow merchants to connect with customers in new ways. Packed with features, functionality, and versatility, Engage leverages the power and performance of our flexible open architecture to transform the POS into rich, two-way conversations.
The Thailand government’s e-payment initiative is creating opportunities for businesses to drive the country’s financial transactions towards digital methods. Five commercial banks (Kasikornbank, Siam Commercial Bank, Bangkok Bank, Krungthai Bank and Government Savings Bank) have been approved to introduce QR code payments.
By connecting directly with banks, Verifone’s mPOS solution supports the national e-payment initiative while removing the need for a third-party gateway, and providing increased security and reduced costs to merchants.
Built for businesses of all sizes, the PCI PTS 5.x-certified e285 accepts EMV, magnetic stripe and contactless payment options, while the touchscreen easily supports signature capture. With a compact and vibrant touchscreen, this solution also displays and accepts payments with QR codes which will become a standard payment method in Thailand. To further reduce the cost of ownership for Banks, the e285 comes with integrated remote estate management and electronic receipt management solution.
Verifone V205c and V200t in Malaysia
In Malaysia, the central bank has started on a 10-year e-payment strategy and check volume has declined 42 percent since 2011. However, security at the POS is a primary concern since the outdated PCI PTS 3.x standard remains widespread.
Verifone’s V205c and V200t are the first PCI PTS 5.x- certified solutions in Malaysia and offers the highest levels of security at the POS.
Since PCI PTS 5.x certifications are valid through 2026, merchants of all sizes – from large retail chains to local convenience stores – are assured of long-term investment and compliance free of the additional costs associated with technology updates.
While the V205c is a countertop solution with dial-up and Ethernet connectivity, the V200t is a flexible device with both countertop and portable functionalities owing to its added 3G connectivity and long battery life. Both solutions offer enough memory to support rich multimedia and value-added applications so merchants can interact with customers like never before.
To help merchants start, run, and grow their businesses, all three Engage solutions are capable of supporting Verifone Connect, a secure and adaptable, end-to-end product that not only enables the acceptance of payments but allow businesses to increase consumer engagement and drive efficiency. Paired with any Engage device, Connect empowers merchants to better manage their businesses with next-generation software and services. Key features include payment services, estate management, business solutions with merchant and consumer-facing apps, and new device purchasing.
Verifone will deliver these solutions and services through its partners in Thailand and Malaysia. In Malaysia, AEON Credit will deploy the V205c and V200t solutions through our partner Revenue Harvest.
