KUALA LUMPUR: Malaysia Tourism Agency Association (MATA) and Moneymatch, a leading Fintech company in Malaysia specializing in cross -border payments, have signed a memorandum of understanding (MOU) to work together to provide innovative financial solutions tailored to the tourism sector. This strategic partnership is aimed at empowering experts with efficient and cost -effective financial services, thus enhancing the competitiveness and durability of the Malaysian tourism industry.
The main objective of sharing:
Special Financial Services for Eye Members: Moneymatch will offer access to their financial product range, including international money transfer with competitive exchange rates and fixed fees, as well as business solutions designed to facilitate cross -border transactions.
Financial Solutions: Recognizing the unique financial needs of the tourism industry, MoneyMatch will work with points to develop customized financial products and services to address specific challenges faced by travel agencies and tourism operators.
Educational and Training Workshops: Both organizations will organize workshops and training sessions to educate experts on how to leverage fintech solutions to optimize financial operations, improve cash flow management, and reduce operating costs.
Support for the Visit Malaysia Year 2026 (VMY2026): This partnership will contribute to the success of VMY2026 by completing a travel agency with strong financial tools, enabling them to offer competitive and attractive prices for more international customers.
Benefits to experts and tourism industry:
Cost savings: Using competitive exchange rates and low transfer fees from MoneyMatch, eye members can reduce international transaction expenses, allowing them to offer more competitive service prices.
Increased operating efficiency: Access to Moneymatch’s digital platform enables smooth and fast cross -border payments, reducing administrative burden and increasing transaction transparency.
Better cash flow management: With faster transaction time and lower fees, the tourism business can maintain a healthier cash flow, important for operating and growth.
Global Competition Improvement: This partnership has empowered the Malaysian tourism agency to compete internationally by offering attractive prices and efficient services to global customers.
Statement from Management:
Eye president, Datuk Seri Dr. Mohd Khalid Harun, expressing his excitement on this cooperation: “Collaborating with MoneyMatch in line with our commitment to provide experts with the latest solutions that drive efficiency and profitability. This MoU marks an important achievement in our efforts to modernize financial operations in the Malaysian tourism sector. ”
Moneymatch CEO, Adrian Yap, commented: “We are excited to develop our Fintech expertise to support the tourism industry, an important component of the Malaysian economy. Through partnerships, we aim to provide financial services that are not only cost -effective but also customized to meet the unique needs of the tourism business. ”
The cooperation between the eyes and moneymatch marks a proactive approach to integrating financial technology into the tourism industry, creating a more resilient and competitive market as Malaysia prepares for the Visit Malaysia Year 2026.
