GP was getting ready to venture into digital banking by leveraging on China Internet giant Tencent as a partner for an e-KYC product. Tencent owns WeBank, one of the top digital banks in China which had much success by largely deploying e-KYC solutions.
In an earlier announcement, Green Packet said its KipleID e-KYC will deploy Tencent’s patented solutions, which can assist banks and financial institutions to reduce costs by removing manual procedures.
their kiplelive thermal devices have been selling like hotcakes. previous qr revenue is about 200mil
basically they have 3 types 1. big solutions type cost few hundred k for airports etc 2. medium ones about 20k to 80k 3. small kiplelive device rm6800 all these are to check thermal face imaging for covid19 they have sold 10000units since last month during mco how much u think until now recently?
lots of enquiries from other country as well they are setting up these devices in schools they are also aiming for 10000schools to use these devices this are in the news
thats why i think their rev will shoot up n this qr will be a profit. thats why ceo is collecting like crazy
just an assumption calculation for their kiplelive device. from most expensive one to cheapest at 6800
assume 1. big solutions at rm300k sell 1000units 2.medium at rm50k sell 3000units 3. small device sell rm6800 sell 6000units (300,000×1,000) (50,000×3,000) (6,800×6,000)=490mil ! assumption only.
but u can see rev already shoot up. even if my cal is wrong u can see rev is still going up
Even though 10k has been sold i m not sure how is their revenue recognising policies...do they book in when ordered placed or do they booked in when actual payment received? Thus, the quantum to be booked in this upcoming quarter is still a mystery.
Of course we can work on an assumptions. No harm doing.
Green Packet rises to new multi-year high on sustained momentum after KipleLive launch ...Green Packet's KipleLive sales soar | The Star
27 May 2020 · After just two weeks of being in the market, Green Packet achieved a sales pipeline of 10,000 units of the KipleLive solution. According to KipleLive CEO Ti Lian Seng, strong demand came from the corporate sector, schools, retail stores, factories, construction sites, banks and hospitals.
15 May 2020 · Its warrants also soared 9.78% or 4.5 sen to 50.5 sen with 80.16 million units traded, placing the securities among the top gainers on ..
"With such high demand for KipleLive, Ti is optimistic that his division will achieve its target of sales revenue hitting RM60m by Q3 of this year. This will be a boost to the overall earnings of Green Packet this year."
bagus. Xendity's purchase will attract more Singaporean funds to come in. Green Packet Acquires eKYC Specialist Firm Xendity for US$ 10 Million - Fintech News ...
16 Jun 2020 · Green Packet Berhad is acquiring technology firm Xendity which specializes in identity
Digitalisation is the in-thing now and every investor would like to own a piece of it. At SGD0.23 (RM0.70), its considered very attractive to them. This is just the beginning for GPacket!
Xendity is a software technology start-up aims to accelerate and strengthen identity verification processes by using e-KYC technology
That requires facial recognition in which, making manual document authentication a thing of the past. Xendity provides you the best digital customer experience for identification and digital signing which capable of operating with images obtained from a scanner, a mobile device camera as well as web camera (in real time).
With Xendity, personal identification and contract conclusion have finally reached the digital world. We offer banks, companies and even institutions innovative a secure solution with legally-binding contract conclusion between customers and contract partners. We aspire to build products which too, can be upgraded to meet your necessities in the framework of solving specific complications of data recognition in an e-document and image processing.
High precision real-time text recognition. Tap to view list of countries and IDs type supported.
Document Scanner
Producing a high degree of recognition accuracy on Malaysia “Employees Provident Fund” document via mobile device camera.
Face Recognition
Detect and compare the similarity of faces. Facial characteristic like smiling and eye blinking to determine the liveness of individual.
AML/CFT Screening
Anti Money Laundering (AML) and Counter Financing of Terrorism (CFT) screening to prevent individuals who could be threaten the growth and competitiveness of the economy.
hope to see tencent buys a stake in GP soon. Tencent buys Southeast Asian streaming platform Iflix
Chinese entertainment titan Tencent said it has purchased Southeast Asian streaming service Iflix to extend the reach of its own streaming platform WeTV into the region.
Financial details of the transaction were not disclosed.
“Through the purchase, WeTV will further extend our presence in the video-streaming industry across Southeast Asia to reach a broader audience base within the region and to better serve our users with a better viewing experience,” the company told Tech in Asia in an emailed statement.
WeTV, which is operated by Tencent Video, was launched first in Thailand last year, offering original Chinese content with Thai dubbing and other content made with local partners. The service has also been made available in Indonesia and the Philippines. Tencent declined to disclose the platform’s operating metrics.
With the purchase, which includes Iflix’s content, technology, and resources, Iflix’s local network across emerging markets will give WeTV’s current users a wider range of international, local, and original content, Tencent said.
The company also said that most of Iflix’s current staff, including CEO Marc Barnett, will retain their roles. “Our current priority is to ensure smooth integration with our existing business and also talent retention.”
Iflix, founded in 2014, competes with Netflix in the region, serving users in Indonesia, Malaysia, Vietnam, Thailand, the Philippines, Sri Lanka, Brunei, the Maldives, Pakistan, Myanmar, Cambodia, Nepal, and Bangladesh.
As of April 2020, it had upwards of 25 million monthly active users on its platform.
It was reported earlier this month that a number of Chinese tech firms have been considering a takeover of the Malaysia-based streaming service, which was exploring a sale to avoid financial distress. Citing people familiar with the business, Campaign reported that the company had burned through its remaining cash a few months ago.
To date, Iflix has raised a total of US$348 million in funding. Its latest round came in July last year when it banked US$50 million ahead of a potential IPO. The company was reportedly looking into going public in Australia this year, but later shelved its plans as it looked to raise more funding.
In May, two principals from investment fund Mandala Asset Solutions, which provides advisory services for “distressed assets,” joined the company’s board of directors. The appointments followed the exits of Iflix co-founders Luke Elliott and Patrick Grove from the company’s board.
Tencent acquiring a stake does nlt bodes well for go in applying for the digital license. BNM will be hesitant to issue license to a loa l company with foreigm share holding as financial datas are deemed sensitive and private. Thus, in my view, that will not be good.
Sektor IT Makin mustahak Karna e-commerce Kian bertumbuh. "We expect the need for this expedited service to be permanent and actually grow as the share of e-commerce in global trade will continue to grow at a higher pace than other commerce, ” Nissim Yochai, Zim’s executive vice president in the Pacific, said from Hong Kong. "This abnormal period will continue as long as the world will continue to find a balance between protecting from the Covid-19 pandemic and the need for people to get out to work and socialize and, of course, consume.”
Green Packet’s Kiplepay teams up with Tencent Cloud to provide e-KYC services
Arjuna Chandran Shankar
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theedgemarkets.com
May 13, 2020 20:38 pm 08


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KUALA LUMPUR (May 13): Green Packet Bhd’s wholly-owned unit Kiplepay Sdn Bhd signed an agreement with the cloud computing arm of Chinese technology giant Tencent Holdings Ltd to provide e-KYC (Electronic Know Your Customer) services.
Kiplepay had signed the agreement with Tencent Cloud to provide the KipleID e-KYC to businesses, especially banks and financial institutions, it said in a statement.
Under this agreement, KiplePay will leverage on Tencent Cloud’s facial recognition and machine-learning capabilities to build a localised e-KYC solution in Malaysia through KipleID e-KYC.
Sponsored Content

“The current Covid-19 pandemic has showcased the value of digital transformation. This has become a wake-up call for organisations and industries that are overly reliant on traditional operations to quickly embrace digital transformation as we foresee that there will be a definite shift in consumers’ behaviours once MCO is lifted,” said Green Packet managing director (MD) and chief executive officer (CEO) CC Puan.
The KipleID e-KYC will deploy Tencent’s patented “single flash” liveness detection solution, integrating reflection-based and motion-based detection technologies.
The group said that when compared against traditional motion-based and digital-voice-based liveness detections, this new technology allows for a better user experience and greater security.
Puan said the KipleID e-KYC can assist banks and financial institutions to digitalise their KYC processes by removing manual procedures, while at the same time improving the user onboarding experience, thus reducing costs and increasing efficiency.
“We are committed to exploring and opening up new ways for people and businesses to operate more efficiently and effectively in the growing digital economy. Today, Green Packet is taking its digital innovation further, leveraging on Tencent Cloud’s technology to better connect people and ensure continued business success. We look forward to deepening our collaboration with Green Packet to further help local businesses on their digital transformation journey,” said Tencent International Business Group vice-president Poshu Yeung.
Green Packet is currently in talks with several leading companies to pilot the KipleID e-KYC solution.
As at 3.26pm, shares in Green Packet traded 0.57% or half a sen lower at 88 sen, giving it a market capitalisation of RM823.64 million
spreading old news doesnt help , important is know yourself... why u bought it ? for technical mix fundamental player like me , i cut loss cause my entry point is not good, i been losing money. sounds fundamental okay but do you think this kind of stock, shouldnt the margin of safety should be much bigger ? know urself , ur plan ... otherwise it will affect ur mental model ...
Merchant Rate Change Notice (Chargeback Fee) Please be informed you that we have changed our Charges & Fees as set out below. The changes reflected shall take effect on 25th June 2020.
1. Chargeback Fee of 5.5% of the transaction value will be applied for each chargeback request. 2. Reversed fee of RM2.00 will be applied for each successful defended or reversed chargeback.
Unless expressly as set out in this Merchant Rate Change Notice, all capitalised words not defined herein shall have the same meaning ascribed in the Merchant Terms found within www.kiplepay.com (“kiple Website”). This Merchant Rate Change Notice and its Charges & Fee shall be incorporated and form part of the Merchant Terms.
In the event of a conflict or inconsistency between the provisions of this Merchant Rate Change Notice and other provisions of the Merchant Agreement, the provisions of this Merchant Rate Change Notice shall prevail to the extent of such inconsistency.
If this stock allowed to short then price will limit down next week.. If price drop too much then it will trigger force sale and cause drop further... The consequence is GP is not able to get new finance again..worse case is just delist and take it private with 0.10 per share....
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Joseph2020
90 posts
Posted by Joseph2020 > 2020-06-28 12:23 | Report Abuse
抱歉。 Victor. Gpacket的数字银行电子钱包提供商是否命名为Kiplepay? 很少看到。Boost, TNG, GrabPay (Grab) 随处可见。