Logo

Rush Gold Signs Major Partnership to Power Gold Payment Services for Multiple Mobile Network Operators Across 10 ASEAN Countries

Category: Technology
Posted Mar 30, 2021 08:19 (GMT +7)

SYDNEY--(BUSINESS WIRE)--Mar. 30, 2021

Rush Gold Global (Rush Gold), the innovative fintech platform providing digital access to physical gold to retail and business markets, has signed an exciting new partnership with the Malaysian-based ZAFA Group Sdn. Bhd. to bring gold savings and payments to Mobile Network Operators (MNOs) across the ASEAN region.

Rush Gold’s agreement with Malaysian-based ZAFA Group Sdn. Bhd. will enable MNOs across the ten ASEAN nations to offer gold payment services using gold as a common currency. This telco-based model has enabled super-apps like m-Pesa to dominate large portions of Africa.

The Dnar.Cash super-app, developed by ZAFA’s subsidiary MVNX Alliance, opens a potential market of 650 million mobile users across the ASEAN region, enabling them to invest in gold, use it to pay for mobile top-up, pay zakat (tithing), and earn gold rewards and cashback.

“We looked at a number of digital gold companies,” said MVNX Director Aimi Aizal Bin Nasharuddin, “but only Rush Gold had the full complement of technical, security, outright asset ownership, and operational capabilities we need. The support of the Rush team has been excellent at every step of the way.”

“We built our platform to enable companies like ZAFA, as well as banks and loyalty programs, to quickly integrate gold into their offerings,” remarked Rush Gold Director Mark Pey. “Australia offers strict financial controls and property rights, world-class technology innovation, and is now the world’s largest producer of gold bullion, which we feel are our critical competitive advantages.”

MVNX has signed a launch partner in Malaysia, a provider of electricity and telco services with nine million customers, with distribution agreements in process across Thailand, The Philippines and Indonesia.

This partnership announcement is on the back of Rush Gold’s launch of its Rush Mastercard with EML through the major mobile wallets.

The ZAFA Group are a multi-national headquartered in Malaysia working in automotive manufacturing, telecom services, real estate, and private equity, and are an affiliate of the ASEAN Co-operative Organisation (ACO).

Rush Gold is a regulated gold-based payments platform enabling business and clients to save, gift, transfer and spend gold globally in real-time. Rush has customers across 13 countries including the US, China, India and the UAE. Find out more at https://rush.gold/.

Contact:

Mark Pey, Director
Rush Gold
mark.pey@rush.gold
+61 1800183424

Distribute your news release with us

  • Print

    unique advertising solution

    Our media lists include news desks at all leading Thai and English-language dailies.

  • Radio & TV

    reliable platform

    We deliver your news to leading Thai radio stations and TV channels.

  • Internet Sites

    cloud computing

    All releases are submitted to Internet news sites, including several with guaranteed pickup.

Our Self-Serve News Release Couldn't Be Simpler

Our streamlined online process makes it simple and fast to submit your news to the Thai media. Once registered, just enter or copy your text into our submission form and you'll see an instant preview with our fee based on the word count, translation, and any attached image. To confirm submission, hit Enter to be taken to our payment processor. Once payment is approved, your release passes automatically to our news desk for translation and dissemination by our skilled and experienced team. You'll be kept informed at each step of the process.

Do NOT follow this link or you will be banned from the site!