22 January, Kuala Lumpur – Revenue Monster - a Malaysian financial technology company focused on pioneering business digitalisation is looking to further propel the multi-billion dollar market of social media and live selling through the introduction of their eInvoice and LivePay features that both require zero upfront set-up cost.
The COVID-19 pandemic has massively impacted the lives of Malaysians with over 30,000 businesses shutdown and close to 100,000 jobs lost in 2020. With the new Movement Control Order (MCO) now in place, it is expected that these numbers will continue to climb. Revenue Monster’s new features are aimed at empowering the thousands of Malaysians who have since turned to online selling to make ends meet.
Commenting on the features, Amanda Chin, Chief Executive Officer of Revenue Monster said, “The pandemic and MCO have impacted so many livelihoods. Many are looking for alternative means to survive and online selling is quickly establishing itself as the most viable options. With zero upfront set-up cost, the eInvoice and LivePay features will enable even the smallest of businesses to utilise professional level payment systems to fully capitalise on the growing online marketplace.”
“With one easy to use link, businesses can secure payments from virtually all platforms and sources. Plus, they’ll be able to manage it all from one centralised hub. We believe this will be vital in helping them not only sustain but grow their online businesses,” she added.
Through the use of eInvoice, businesses can easily create and share one-off payment links to specific customers on any social platform. Meanwhile, LivePay generates multi-use payment links that are ideal for multiple simultaneous payments that typically occur during live selling.
Elaborating on the service Amanda said that payments have never been easier for novice entrepreneurs. “If you’re looking to complete a one-off transaction just key in the required details and a digital invoice and payment link will be auto generated. You can then share this link however you want, via email, text, WhatsApp, Instagram and more. Your customer will then be able to pay in their preferred way with one simple click of the link. For live selling on Facebook, simply paste and pin the LivePay link at the top of your live stream chat and customers can use the link to purchase at any time.”
Revenue Monster’s eInvoice and LivePay features link directly to the integrated merchant hub which allows users to track payments in real-time and receive notifications upon every successful payment. Combined with Revenue Monster’s unified payment solutions, users will be able to accept payments from a variety of sources such as eWallets, online banking and credit/debit cards using a single payment acceptance tool.
Live selling has already proven to be successful for local businesses looking to go more digital in light of the continuing movement restrictions. A variety of industries are already benefiting from Revenue Monster’s including eInvoice and LivePay such as training and education centres and religious associations.
The overall Revenue Monster platform has also benefited close to 13,000 merchant points across 6,000 brands in food & beverage, fashion and accessories, home appliances, beauty/personal care, automobile and more.
“Revenue Monster’s holistic suite of services is primarily designed to be streamlined and integrated. We know the power of digital and eCommerce and we want to make it as easy and seamless as possible for Malaysians from all walks of life to leverage this potential,” added Amanda.
Revenue Monster’s other services include its online super store solution – á la carte, loyalty and voucher platforms, social media management tools and business security solutions.
For further information on eInvoice and LivePay or to learn how to utilise Revenue Monster’s full suite of services to truly empower your local business, visit: www.revenuemonster.my
