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KUALA LUMPUR (Oct 9): NetX Holdings Bhd has proposed to supply up to 1,000 contactless payment terminals to facilitate cashless and e-wallet payment solutions via DGB Networks Sdn Bhd’s next-generation artificial intelligence vending machines.
The IT services provider told Bursa Malaysia that its subsidiary GEM Pay Sdn Bhd has entered into a collaboration agreement with DGB Networks for the venture.
DGB Networks is primarily involved in the business of parcel delivery and collection services for the electronic commerce sector and retail sale of any kind of product through vending machines.
NetX said the one-year agreement is expected to have a positive contribution to its earnings, net assets and gearing.
In a separate announcement, NetX said it is mulling a business arrangement to provide and rent to XOX Media Sdn Bhd of up to 1,000 contactless payment terminals and/or cashless e-wallet payment solutions to be incorporated into smart vending machines.

The group said it has signed a memorandum of understanding on this matter with XOX Media, which is wholly-owned by XOX Bhd.

XOX Media is primarily involved in the business of telecommunication products and services, mobile application services and e-wallet services. It has now further ventured into the business of smart vending machines.
NetX’s share price rose two sen or 10.34% to 16 sen today, bringing its market capitalisation to RM33.57 million.