Treasure Global Announces Collaboration with Malaysian Ministry of Domestic Trade & Cost of Living to Launch ‘Payung Rahmah’ Initiative
25 Julho 2023 - 9:00AM
Treasure Global Inc (NASDAQ: TGL) (“TGL”, “Treasure Global,” or the
“Company”), an innovative technology solutions provider, today
announced that it has collaborated with the Ministry of Domestic
Trade and Cost of Living (KPDN) for the launch of the ‘Payung
Rahmah’ program. The collaboration will bolster ZCITY’s brand
recognition, as well as attract additional users to the ZCITY app,
TGL’s proprietary digital lifestyle platform.
The Payung Rahmah initiative is the Malaysian Government’s
program to offer various financial saving initiatives, reducing the
cost of living for lower-income groups, including youth and
university students.
As part of this, ZCITY will offer a comprehensive package of
living essential e-vouchers on the ZCITY app for items such as
petrol, food and bills. Users of the app will be able to purchase
vouchers for these items at reduced-prices, thereby assisting
low-income Malaysians and helping to address this societal
challenge.
In addition, ZCITY will gain increased brand recognition and
exposure throughout Malaysia. The collaboration showcases ZCITY's
cutting-edge digital ecosystem and innovative technology solutions,
positioning it as a leader in the digital payment and rewards
market.
Sam Teo, Chief Executive Officer of TGL, said, “TGL cares deeply
about the communities we operate in, and we are proud to have the
Malaysian Government’s trust as a partner in this important
initiative. Inflation and the increasing cost of living are
significant challenges for many Malaysians, and the Payung Rahmah
program aims to combat these issues by offering discounts on living
necessities. We also anticipate this initiative will help grow
ZCITY’s userbase, helping drive transaction numbers and increased
revenue. As a leader in the digital innovation space, TGL is
pleased to play a role in supporting this great cause, while also
growing our brand presence, and we look forward to collaborating
with the Malaysian government for additional future projects.”
For more information about the Payung Rahmah Initiative, please
visit https://www.zcity.io/zrahmah or download the ZCITY app from
https://www.zcity.io/download.
About ZCITY
The ZCITY App, developed by Gem Reward Sdn Bhd. ("GEM"), is a
cutting-edge digital ecosystem that revolutionizes and streamlines
the e-payment process for consumers while allowing them to earn
rewards. Powered by Nasdaq-listed Treasure Global Inc (NASDAQ:
TGL), its proprietary ZCITY App offers consumers and merchants
innovative solutions that simplify and enhance the shopping
experience, resulting in increased user engagement and valuable
data collection. Moreover, it transforms consumers' e-payment
experiences by allowing them to earn rewards through cashless
transactions, including rebates at online and offline retail
outlets, instant rebates, and participation in affiliate cashback
programs.
Learn more about ZCITY at https://zcity.io/
About Treasure Global IncTreasure Global is a
Malaysian solutions provider developing innovative technology
platforms. Treasure Global has developed two technology solutions:
the ZCITY App, a unique digital ecosystem that transforms and
simplifies the e-payment experience for consumers, while
simultaneously allowing them to earn rewards; and TAZTE, a digital
F&B management system providing merchants with a one-stop
management and automated solution to digitalize their businesses.
Treasure Global also acts as a master franchiser in SEA for popular
restaurant chains, while providing them with the TAZTE solution. As
of March 31, 2023, ZCITY had over 2,400,000 registered users.
For more information, please
visit https://treasureglobal.co/.
Forward Looking StatementsThis press release
may contain forward-looking statements within the meaning of
Section 27A of the Securities Act of 1933, as amended, and Section
21E of the Securities Exchange Act of 1934, as amended. Such
forward-looking statements are characterized by future or
conditional verbs such as “may,” “will,” “expect,” “intend,”
“anticipate,” “believe,” “estimate” and “continue” or similar
words. You should read statements that contain these words
carefully because they discuss future expectations and plans, which
contain projections of future results of operations or financial
condition or state other forward-looking information.
Forward-looking statements are not guarantees of future
performance, are based on certain assumptions and are subject to
various known and unknown risks and uncertainties, many of which
are beyond the control of the Company, including those set forth in
the Risk Factors section of the Company’s registration statement
and prospectus for the Company’s initial public offering filed with
the SEC. Copies of these documents are available on the SEC’s
website, www.sec.gov. These forward-looking statements cannot be
predicted or quantified and consequently, actual results may differ
materially from those expressed or implied by such forward-looking
statements. The Company undertakes no obligation to update these
statements for revisions or changes after the date of this release,
except as required by law.
For further information, please contact:
U.S. Investor ContactPhil CarlsonKCSA Strategic
Communicationsir_us@treasuregroup.co
Malaysian Investor
Contactsir_my@treasuregroup.co
Media ContactSue Chuah, Chief Marketing
OfficerTreasure Global Incmediacontact@treasuregroup.co
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