Revenue Group rises 3.3% on plans for more partnerships with local banks

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KUALA LUMPUR (Dec 3): Revenue Group Bhd shares rose 3.3% this morning after the cashless payment solutions provider said it is eyeing more partnerships with financial institutions in the current financial year ending June 30, 2020 (FY20).

At 10:15am, Revenue Group rose 6 sen to RM1.88 with some 1.2 million shares traded, for a market capitalisation of RM425.25 million.

Yesterday, the group's managing director cum group chief executive officer Eddie Ng Chee Siong said Revenue Group is now eyeing more partnerships with financial institutions including local banks AmBank, RHB Bank, CIMB Bank, and Affin Bank.

"Our focus has never changed. In FY20, we will continue to focus on growing terminal deployments. The more terminals we deploy, the more transactions we'll get," he said.