Green Packet teams up with a Malaysian firm to develop a tourism digital platform for Sri Lanka, investing RM13 million initially. The initiative, led by its subsidiary Kiplepay Sdn Bhd, aims to introduce a multi-currency e-wallet system, marking the company’s entry into the international market and strategic expansion beyond Malaysia.
24 February 2024 – Green Packet Bhd, a prominent IT company, has forged a strategic partnership with a Malaysian firm to create a tourism-focused digital platform for Sri Lanka, with an initial investment of up to RM13 million. Through its subsidiary Kiplepay Sdn Bhd, Green Packet aims to introduce a multi-currency e-wallet system as part of the platform, aligning with its broader business strategy to expand its presence in the e-wallet and payment gateway market.
The collaboration involves a joint venture agreement with Tass Tech International Sdn Bhd, the entity awarded the project by the Sri Lankan government in May 2019, marking a significant move for Kiplepay into the international market. With an investment of RM13 million, Green Packet underscores its commitment to diversifying revenue streams and capitalizing on opportunities beyond Malaysia’s borders. – ref: The Edge
