KUALA LUMPUR (Aug 24): GHL Systems Bhd has unveiled CARDit, which will allow cardholders the option to pay expenses at non-card acceptance payees using their credit cards.

In a statement today, the payment solution provider said the product will be beneficial to micro, small and medium enterprises (MSMEs) by facilitating credit card payments for their usual cheque or bank transfer payments like rent, education or variable expenses to suppliers and thus improving business cash flow. 

“CARDit by GHL is a platform that utilises a consumer’s credit card limit by allowing them to pay via a credit card to payees that traditionally do not accept credit cards.

“Using CARDit, consumers and businesses can move these regular payments from cash, cheque or bank transfers to their credit cards — thus expanding their payment options,” GHL said. 

The group added CARDit charges a one-off transaction fee and credit card holders can also earn reward points as they would when they spend using their credit cards.

GHL Systems CEO Sean S Hesh said the group will continuously develop innovative payment solutions to accommodate the ever-changing needs of its merchant customers as well as consumers in enhancing their payment experience.

“We are thrilled to introduce CARDit by GHL as we believe that the value proposition offered would be extremely beneficial to both consumers and businesses, especially those who are looking for a more effective way to manage their cash flow,” he said. 

GHL noted that to kick off in the first phase, payments for education and tuition fees, rent, condominium fees, and season parking will be accepted — before full rollout to include a myriad of other types of payees.

At noon break today, shares in GHL closed unchanged at RM2, valuing the company at RM2.28 billion.