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CIMB DEBUTS CONTACTLESS PAYMENTS FOR EV CHARGING

Monday 27/05/2024

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CIMB collaborated with JuiceUP, Visa and EVPower to introduce the first-in-market contactless payment solution for charge point operators in the electric vehicle (EV) industry. Pictured here at the ceremony are (seated L-R) Cornelius Ee, Chief Executive Officer, EVPower, Daniel Cheong, Head of Consumer Banking Malaysia, CIMB and Ng Kong Boon, Country Manager of Visa Malaysia, along with partners from respective organisations. The partnership aims to enhance the EV charging experience, providing a hassle-free and convenient way for EV owners to charge their vehicles and pay directly through their debit or credit cards.


CIMB Credit and Debit Cardholders can enjoy up to 15% off charging services at EVPower stations 
 
KUALA LUMPUR, May 27 (Bernama) -- CIMB Bank Berhad (“CIMB” or “the Bank”) is pleased to collaborate with JuiceUP, a subsidiary of PAIDChain Sdn. Bhd., and Visa, a global leader in digital payments, to introduce a first-in-market contactless payment solution (“the solution”), designed for charge point operators (“CPO”) within the electric vehicle (“EV”) industry.
 
The CIMB-JuiceUP-Visa partnership enables the contactless payment solution, providing a hassle-free and convenient way for EV owners to charge their vehicles using debit or credit cards. This aims to make the payment process seamless and EV charging experience easier, eliminating the inconvenience of relying solely on EV apps. With this, the Bank and its partners hope to encourage more people to consider electric vehicles as a sustainable transportation option.
 
Effendy Shahul Hamid, Chief Executive Officer, Group Consumer and Digital Banking, CIMB Group said, "In line with shifting consumer preferences toward seamless and instant payments, CIMB is pleased to offer a first-in-market contactless payment solution, designed to streamline transactions at charge points, ensuring a seamless process for EV users to enhance the overall customer journey. This underscores CIMB's commitment to advancing sustainable mobility through innovative offerings that elevate the EV ownership experience. "
 
“Kicking off our partnership with EVPower, we look to welcome more CPO operators nationwide to continually enhance and simplify payments, providing CIMB customers with dependable and accessible charging solutions with innovative propositions to further promote the adoption of electric vehicles,” he added.
 
Benson Lim, Chief Operating Officer, JuiceUP said, “We are committed to support the Malaysian Government's goal of advancing the adoption of electric vehicles by removing barriers to charging infrastructure and providing innovative solutions that meet the evolving needs of the market. To this end, we are pleased to work with CIMB to offer the contactless payment solution for the convenience of EV users. JuiceUP provides a comprehensive EV charging solution, featuring a Charge Point Management System for operators to manage, monitor, onboard, and analyse charger data across multiple locations. Our platform is designed with scalability in mind, allowing operators to expand their network of charging stations seamlessly as demand grows.”
 
Cornelius Ee, Chief Executive Officer of EVPower said, “CIMB and EVPower are leading the charge of this movement, offering tangible benefits that make the transition to electric driving more seamless. Together, CIMB and EV Power are paving the way for seamless access to EV charging facilities, offering the ultimate convenience for EV users as well as enhancing the overall experience of owning an EV.”

As part of the exclusive partnership, CIMB Credit and Debit Cardholders can now enjoy up to 15% off charging services at EVPower stations by using their CIMB cards. This initiative aims to support the growing number of EV users by making charging more affordable and accessible through EVPower’s Charging Network.
 
CIMB also offers one of the most comprehensive suites of EV financial solutions in the market to drive the adoption of EVs in Malaysia. In addition to auto financing preferential rates and discounts on motor insurance, CIMB is extending an exclusive offer to successful applicants of their EV financing where eligible applicants will receive a complimentary EVPower’s EV+ Membership, inclusive of RM300 charge credits, a 10% extra wallet reload bonus, and subsidised idle fees. Customers can also enjoy RM1,500 discount on a 22-kW Home Wall Charger from EVPower.
 
For more information about CIMB’s EV offerings, please visit http://www.cimb.com.my/ev 
 
About CIMB
 
CIMB is one of ASEAN’s leading banking groups and Malaysia’s second largest financial services provider, by assets. Listed on Bursa Malaysia via CIMB Group Holdings Berhad, it had a market capitalisation of approximately RM62.4 billion as at 31 December 2023. It offers consumer banking, commercial banking, wholesale banking, transaction banking, Islamic banking and asset management products and services. Headquartered in Kuala Lumpur, the Group is present in eight ASEAN nations (Malaysia, Indonesia, Singapore, Thailand, Cambodia, Vietnam, Myanmar and Philippines).
 
Beyond ASEAN, the Group has market presence in China, Hong Kong and UK. CIMB has one of the most extensive retail branch networks in ASEAN with 601 branches and around 33,000 employees as at 31 December 2023. CIMB’s investment banking arm is one of the largest Asia Pacific-based investment banks, which together with its award-winning treasury & markets and corporate banking units comprise the Group’s leading wholesale banking franchise. CIMB is also the 92.5% shareholder of Bank CIMB Niaga in Indonesia, and 94.8% shareholder of CIMB Thai in Thailand.

About JuiceUP
 
JuiceUP (https://www.juiceuptoday.com) is Malaysia’s first Software as a Service (SaaS) company dedicated to revolutionising EV charging infrastructure management for Charge Point Operations. Our solutions include a comprehensive Charge Point Management System which allows the operators to manage their chargers in various locations efficiently and extends to payments where they can easily keep track of their transactional data. JuiceUP aims to simplify EV charging operations, making the entire process seamless and accessible for operators and EV users alike.

About EVPower
 
EVPower Sdn Bhd, a subsidiary of Elitesoft Group, is a pioneering force in Malaysia’s renewable energy sector, particularly recognized for its innovative contributions to electric vehicle (EV) charging infrastructure. As an innovative charge point operator, EVPower is dedicated to enhancing the usability, convenience, and reliability of EV charging solutions. The company focuses on developing and deploying cost-effective and advanced charging stations that cater to a wide range of electric vehicles, from bikes and buggies to cars and commercial vehicles.
 
EVPower’s commitment to innovation is evident in their locally assembled electric bikes, electric buggies, solar systems, and battery energy storage systems, which are designed to meet the highest standards of efficiency and sustainability. The company's primary subsidiary, Elitesoft Asia Sdn. Bhd., extends its technological prowess as a distinguished software development house, further integrating smart software solutions with EV charging infrastructure to optimize performance and user experience.
 
Through its comprehensive approach, EVPower not only shapes the EV charging landscape but also makes substantial contributions across various facets of renewable energy. Their initiatives are geared towards building a greener future, reducing carbon footprints, and promoting the adoption of electric mobility in Malaysia and beyond. By continuously pushing the boundaries of innovation, EVPower aims to lead the market with reliable, convenient, and affordable charging solutions, reinforcing their position as a key player in the transition towards sustainable energy.

SOURCE: CIMB Bank Berhad

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Anis Azharuddin / Kelvin Jude Muthu
Group Corporate Communications CIMB Group Holdings Berhad
Email: anis.azharuddin@cimb.com / kelvinjude.muthu@cimb.com 

--BERNAMA
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