Weyland Tech Inc. and ‘Last-Mile’ Delivery Partner, PT Royal Express Indonesia (“REX”) announces update on its strategic partnership. The companies are implementing a pilot program which will launch 1 March 2019.
In December 2018, the company signed an agreement with REX to create a cashless option for REX clients by using the eWallet platform. Under the agreement, Weyland is obligated to gradually replace the cash-on-delivery facet of the REX business. Weyland Tech’s eWallet, AtozPay, will enable deliveries to be transacted via the smartphone app eliminating cash.
This new technology will dramatically improve operational efficiencies and expects to achieve well-above market growth rates once fully implemented.
In exchange, Weyland’s Indonesia entity, WIP, would receive an average of 15% of each delivery fee, equivalent to USD 0.45-0.50 with a potential of net revenue in USD 1.6-2 million annually. REX currently ships approximately 10,000 packages per day, for thousands of Small-Medium sized Businesses (“SMBs”).
(Source: New Media Wire)