By Stella Goh

Green Packet Berhad has inked a collaboration agreement with Tencent Cloud with an initial investment of RM100 million to set up a joint Internet Data Center in Malaysia, for the deployment of Tencent Cloud Services locally. They are confident that the Tencent Cloud will bring new innovative experiences that weill develop the landscape for cloud innovation and Artificial Intelligence (AI) adoption in Malaysia.

According to the Green Packet Managing Director CC Puan, the initial investment will comprise the setting of infrastructure with a total of 600 servers as well as provision of software solutions. The collaboration between two parties will be a period of eight years, with an additional two years and it will support their business partner to upgrade their capabilities and jointly develop digital solutions for different verticals.

The total investment in this collaboration could add up to RM300 million to RM500 million over the next three years. It will take about 6 months before the cloud computing infrastructure is fully commissioned, and expecting the operations to go live in the first quarter of FY2021 (1Q21).

Green Packet will only see a significant contribution from FY2022, potentially contributing 30%-40% of the company’s bottom line in terms of contribution. Under the agreement, Green Packet will be responsible for the setting up of the infrastructure in Malaysia, while Tencent cloud will be providing the actual services.

Puan also added the adoption of cloud computing will experience a rapid growth in the coming one to two years across various industries, especially with the convergence of next generation technologies such as 5G, AI and Internet of Things (IoT).

KiplePay Sdn Bhd (KiplePay), a subsidiary of Green Packet, will be able to leverage the new infrastructure to bring into Malaysia and localise services that Tencent Cloud are ready offers. According to the KiplePay Chief Executive Office (CEO) Tan Kay Yen, fintech services of payment services is the first steps towards by providing the banking services. Any business with large enough community can essentially get into the payment business, utilising their banking-as-services platform.

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