KOCEK by Pertama Digital: Your Solution to Unwanted Coins

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Pertama Digital and Pos Malaysia have launched the Kocek coin conversion service, streamlining the process of converting unused coins into digital cash. YB Datuk Seri Ahmad Maslan, Malaysia’s Deputy Minister of Finance 1, joined Chairman Y.Bhg. Tan Sri Syed Faisal Albar Syed A.R. Albar and CEO Mr. Charles Brewer at the official inauguration.

Kocek, previously known as MyPay Coin Conversion, offers a convenient solution to convert unused coins into digital cash, and this partnership brings Kocek’s service to Pos Malaysia branches nationwide. Currently available in four Klang Valley branches, it is set to expand to about 30 by the end of 2023 and eventually reach 100 locations in stages by 2024.

Kocek addresses the issue of unused coins in Malaysia, with a significant percentage remaining unused. It provides a fast and convenient way for the public to convert these coins into digital cash, reducing the need for new coin minting and distribution, and lowering currency issuance costs for the central bank.

Merchants and traders can also purchase coins for their business needs, benefiting both consumers and businesses. The Kocek service is accessible through Pertama Digital’s MyPay application, offering Kocek coin conversion (Kocek In) and coin purchase (Kocek Out) options for businesses and traders, promoting convenience and innovation for the community’s everyday needs.

Source: POS MALAYSIA LINKED

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