Tesco Cashless-02

Tesco enables e-wallet payments across all its food courts

Tesco Stores (Malaysia) Sdn Bhd has enabled e-wallet payments across all its food courts in a move to help its food vendors compete in an increasingly digital market space. Tesco is also the country’s largest food court operators where as of September, it is operating 56 food courts out of 62 stores, nationwide.

Tesco Chief Operating Officer, Sushmita Paul said, “It is no secret that we at Tesco has long been a supporter of local products and suppliers, and this support is reflected in over 600 local suppliers that are already supplying thousands of products to our network of 62 stores across the country”

“We are excited to now offer e-wallet payments in our food courts because not only will this enable our F&B vendors to compete in an increasingly digital-centric market space, it will also ensure added safety for our customers as they can minimize contact by going cashless. On top of that, Tesco is also supporting the government’s goal in making Malaysia a cashless society,” she said.

According to the Mastercard Impact Studies published in June this year, the Covid-19 outbreak has accelerated the rapid adoption of e-commerce, digital payments, and preference for online activities.. The report noted that Malaysia’s e-wallet penetration of 40% is highest in Southeast Asia, with e-wallet being the preferred payment option for those aged below 35.

In helping customers to eat well, live well and pay less while coping with the Covid-19 pandemic, Tesco is also introducing meals with starting prices from as low as RM5.00.

“As a retailer, one of our biggest focus is to help our customers manage their everyday cost of living, and this is also extended to our food courts. We know that our customers are concerned about their spending, but that does not mean that they can’t eat well. With our meals starting from as low as RM5.00, a family can dine out without breaking the bank,” said Sushmita.

Tesco’s food courts now accept payments from six different digital providers namely Boost, GrabPay, kiplePay, Touch n Go, MCash, AliPay as well as Maybank QRPay, on top of the more traditional mode of payments such as cash, debit, and credit cards.

(This content is surmised from a press release)