Vettons embarks on e-commerce initiative with ANGKASA

KUALA LUMPUR: The Malaysian National Cooperative Movement (ANGKASA) today signed a strategic partnership with Vettons Sdn Bhd in the area of e-commerce.

ANGKASA represents all levels of cooperatives in Malaysia, including Koperasi Yayasan Guru Malaysia Bhd (KYGMB), and is the representative body for the Malaysian Cooperative Movement at national and international levels.

KYGMB’s role is to ensure teachers’ welfare are looked after, with assistance and support when needed, while also contributing ideas, feedback and suggestions to the Ministry of Education.

Vettons, meanwhile, is a fully-owned Malaysian e-commerce ecosystem player committed to redefining the e-commerce ecosystem in Malaysia, the company said in a statement.

At the event, ANGKASA was represented by president Datuk Abdul Fattah Abdullah and deputy president Datuk Kamarudin Ismail, while Vettons was represented by chairman Datuk Seri Dr How Kok Choong.

Vettons later signed a memorandum of understanding (MoU) with KYGMB concerning the ‘Buy Now, Pay Later’ initiative which would be introduced for members.

How said these initiatives were aimed at contributing towards nation-building while doing our part to elevate Malaysia’s gross domestic product (GDP).

“Another value proposition of this partnership is Vettons’ guarantee to sell only original brands and products. This will benefit local retailers and the country’s economic ecosystem, as well as boost consumer confidence in the online shopping environment,” How said.

Under the ‘Buy Now, Pay Later’ programme, there are three proposed plans – ranging from RM4,000 to RM10,000 – for members to choose from.

“Cooperative members will enjoy better digital experience as we have plenty of merchants with Vettons, which sell everything from groceries to big ticket items with personalised shopping experiences and deals,” said How.

He added that the company is already moving into phase two of this initiative by expanding into more ambitious product range.

For example, the upcoming Tukar Motosikal Baru campaign where Vettons is currently working to get the best deals for co-op members.

Source: NST