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Signing of Partnership with iPay88 (M) Sdn. Bhd.

FOR IMMEDIATE RELEASE

PARTNERSHIP OF INNERGIA LABS SDN. BHD. AND iPAY88 (M) SDN. BHD.

Kuala Lumpur, 15 July 2021: Innergia Labs Sdn. Bhd. and iPay88 (M) Sdn. Bhd. formalized their partnership today signing a Memorandum of Understanding (MOU). Mr. Lim Kok Hing, Chief Executive Officer, and Mr. Chong Lee Kean, Chief Product Officer, of iPay88, signed the MOU with Mr. Vernon Chua, Chief Executive Officer, and Mr. Justin Chan, Co-Founder, of Innergia Labs.

In this partnership, Innergia Labs Sdn. Bhd. will provide the SYCARDA™ solution, their data analytics, and business intelligence solution, to iPay88 channel partners and merchants for online and offline retail sales data processing. This is a value-added service to iPay88’s existing
solutions, to provide better sales insights to iPay88’s customers.

Data analytics is vital for retailers to prosper in a rapidly challenging and changing business
landscape, increasingly reliant on technology, e-commerce, and data analytics.
Partnering with iPay88 is a move that benefits both parties. Data has always been vital to businesses, especially in these challenging times. SYCARDA provides valuable insights for iPay88 merchants to improve and further grow their businesses. – Vernon Chua, CEO of Innergia Labs.

We are excited to partner with Innergia Labs to bring business intelligence solutions to our merchants. It has never been more important to have data insights into business operations and sales. With Innergia Labs solutions, iPay88 merchants will be able to get data on their inventorying, SKUs, most selling items, and so much more. We are sure that access to such data will have a great impact on their business growth. – Lim Kok Hing, CEO of iPay88.

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About Innergia Labs Sdn. Bhd.
Innergia Labs Sdn. Bhd. was established in 2016, and they aim to equip their clients with
accurate, timely, and detailed business intelligence reports for effective and expedient decision
making. They are on a mission to help traditional brick, and mortar retailers prosper in a rapidly
challenging and changing business landscape, increasingly reliant on technology, e-commerce
and data analytics.

About iPay88 Malaysia
iPay88 (M) Sdn. Bhd. is a payment company that was established in 2000 in Malaysia. They offer comprehensive payment methods to companies that include e-commerce and retail solutions. In 2015, iPay88 was successfully acquired by NTT Data, a Japanese system integration company known as one of the global innovators.

For more information about the partnership, please contact Ms. Audrey Loh at audrey@innergialabs.com