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VCI Global Partners With Treasure Global Inc. to Accelerate E-Commerce and Fintech Growth in Southeast Asia
VCI VCI (US:VCIG) Newsfilter·2024-06-18 12:39

Core Insights - VCI Global Limited has announced a strategic collaboration with Treasure Global Inc to enhance TGL's e-commerce platform, ZCITY App, into an AI-driven Super App [3] - The partnership aims to leverage TGL's user base of approximately 3 million to expand VCI Global's financial services [3][6] - The integration of fintech and e-commerce through secured messaging and AI-driven microfinancing features is expected to revolutionize digital transactions [4] Company Overview - VCI Global is a diversified holding company focusing on consulting, fintech, AI, robotics, and cybersecurity, primarily operating in Asia [7] - The company offers a proprietary financing platform and a secured messaging platform, serving various sectors including government and organizations [7] Market Impact - The partnership is positioned to enhance financial inclusion across Southeast Asia, starting with Malaysia, which has a population exceeding 33 million [5] - This strategic move is expected to accelerate the deployment of innovative solutions and provide long-term value for shareholders [6]