KUALA LUMPUR (April 12): MNC Wireless Bhd is going to work with M3 Technologies (Asia) Bhd (M3Tech) to develop an inclusive e-commerce platform with integrated payment gateway solutions and end-to-end logistics support, to operate in the newly-launched Malaysia Digital Free Trade Zone (DTFZ).

In a joint statement today, both ACE market-listed companies said they have inked a memorandum of understanding (MoU) to bring about the planned collaboration.

The project will comprise a business-to-business trading platform for manufacturers to connect with international buyers, and a consumer-to-consumer trading platform supporting smaller-scale entrepreneurs to sell through online platforms, according to the companies.

“The DTFZ will allow for local small and medium enterprises (SMEs) and entrepreneurs to access the ASEAN market, as its serves as the gateway to the Asean market, thereby allowing their products to tap wider markets," said Christopher Tan Chor How, the CEO of MNC Wireless Bhd.

“The DTFZ will encourage, especially traditional brick-and-mortar business run by SMEs, a seamless transition into the e-commerce sphere and trade across Asean countries and the world,” said M3Tech general manager Kevin Ng Chen Lok.

In addition, the companies said online marketing platform solutions and services will be made available to merchants via an in-house online marketing platform. This will give merchants the options to obtain greater exposure to help them stand out via pay-for-performance and display marketing advertising.

"The e-commerce deliveries will be supported by a logistic platform that offers near to real time information updates for both merchant and buyers to better monitor status of deliveries," they said.

All these will be supported by cloud computing and data management strategic partners to ensure expected massive traffic and volumes are well managed by the platform, they added.

MNC is a specialised digital marketing technology solutions provider, while M3Tech is a specialised mobile value added services provider.

Shares of MNC closed half sen or 5.9% lower at 8 sen today, with 10.19 million shares done, for a market capitalisation of RM7.56 million.

M3Tech also slipped 0.5 sen or 5.9% to 8 sen, after 10.5 million shares were traded, giving it a market value of RM46.95 million.