Payments Company GHL Partners Malaysia’s Loanstreet to Offer Road Tax and Auto Insurance Renewal Options Online

Payments company GHL has reportedly expanded its line of products and services to include road tax and vehicle insurance renewal options. GHL’s new services are being introduced after it announced a partnership with Malaysia’s Loanstreet, an established financial marketplace.

Following the launch of GROW by GHL, which provides various financial and non-financial products, GHL Systems aims to offer more value-added services along with payment acceptance solutions.

In addition to the Road Transport Department (JPJ) and other providers offering vehicle road tax and insurance renewals, customers now have the option to renew online through GHL’s GROW platform and Loanstreet.

GHL’s management noted that this service supports end-to-end road tax and insurance delivery services which are conveniently provided at a customer’s doorstep (which is a quick and hassle-free process when compared to other options).

The insurance package may be customized so that it can include any additional coverage add-ons, which may range from windscreen, natural disasters (flood) to liability claims from passengers. Customers may compare the different options being offered in the market on a single page before making any decisions.

Sean S. Hesh, Group CEO at GHL Systems Berhad, stated:

“We are delighted to keep on diversifying our offerings above and beyond payment acceptance services. Online road tax and insurance renewal gives consumers choices and options and forms part of our strategy to expand our value added services (VAS) offerings to our merchant base as well as to the public at large.”

Robin Ang, Director of Finology (Holding company of Loanstreet), remarked:

“Loanstreet was the first website in Malaysia where people could renew motorbike road tax and insurance fully online. We’ve been steadily adding on new products and insurers since then. Today, we are proud to support GHL’s vision to expand their offerings to the public and enable this for GHL’s user base.”

The JPJ and post office’s capacity or ability to process physical renewals has been affected because of stricter standard operating procedures (SOP) on social distancing. These measures have been introduced following the COVID-19 outbreak and the country’s Movement Control Order (MCO).

This latest move will enable renewals to be carried out without risking physical exposure.

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