PUTRAJAYA: Aeon Credit Service (M) Bhd, a non-bank financial services provider, has enhanced the Aeon Wallet App with new features being introduced in phases to offer a more intuitive and user-friendly experience.
The app's digital onboarding process has been streamlined to reduce the turnaround time to just 52 minutes, down from the previous three days.
The updated app boasts a revamped interface that simplifies payment processes, rewards management, and access to financial products.
New features include pre-assessment, e-mandate, e-signature, e-storage, and advanced scoring models.
"Users can now manage their finances without the need for physical cards, thanks to the app's enhanced functionality.
"The upgraded app includes a basic wallet, which allows users to maintain a maximum wallet size of RM200 while enjoying essential features like scanning, paying, and earning Aeon points," it said.
Users can upgrade to the premium wallet through electronic Know Your Customer (e-KYC) verification process, which provides benefits such as earning points on every transaction, a wallet limit of up to RM10,000, and seamless fund transfers.
Aeon Credit chief corporate officer Lee Kit Seong said the company aims to make financial services more accessible, promote financial inclusion, address customers' complete life cycle needs, and enhance their overall experience.
"Digitalisation is at the core of this endeavour, enabling us to consolidate shopping and financial services in a way that can streamline interactions and transactions for all AEON Group customers, vendors, suppliers, tenants and merchants through a unified touchpoint," he explained," he said during Aeon Credit's series of key initiatives presentation at a private media event today.
Lee said Aeon Credit plans to raise its Middle 40 (M40) portfolio to 40 per cent over the next two years, contingent upon the growth of its other products.
Currently, the M40 portfolio stands at 32 per cent.