14 / 178
12
GHL Systems Berhad
(293040-D)
Annual report 2015
Chairman’s
Statement
The Children’s Joy Foundation, Inc.
serenaded the GHL Philippines employees
and board members last 4th December
2015 as a second CSR Activity 2015.
The Foundation cares for neglected,
abandoned, and orphaned children in the
Philippines. The little children performed
an ensemble encompassing; singing of
carol songs and dancing, accompanied
by various musical instruments. GHL
employees donated Christmas gifts to
the children and GHL Philippines donated
cash to the Foundation.
OUTLOOK AND PROSPECTS
The Group commenced implementing its
TPA growth strategy in 2015 with a major
local Bank in Malaysia. We quickly added
approximately 2,500 merchants in the 6
months ended 31st December, 2015. In
2016, we hope to expand the acquiring
base in Malaysia as well as commence
TPA activities in the Philippines. We will, of
course, continue to seed opportunities in
other neighboring ASEAN markets.
Although the Group has signed up
TPA partner banks in all our three key
markets, we expect to further strengthen
our position by adding more TPA partner
banks in order to take advantage of
opportunities, especially in the small
merchant segment.
As the regulatory bodies continue to
encourage the migration from cash
to e-payments, our Group strategy of
enabling the small merchant segment
to accept e-payments is congruent with
Bank Negara Malaysia’s objectives. We
certainly hope to play our part in meeting
the national merchant acquisition targets
that have been set.
Since the government’s push for more e-payments, industry
statistics show that e-payment per capita has grown from 49 in
2011 to 82 in 2015. This is, however, quite someway away from
the Central Bank’s target of 200 e-payments per capita. With
growing consumer awareness of e-payments, so too will the
adoption and demand for e-payment acceptance points. The
delivery of these merchant payment acceptance points is core
to GHL Group’s business.
APPRECIATION AND THANK YOU
The Board and I wish to thank all our shareholders for your
continued support and encouragement as demonstrated at our
shareholder general meetings. We hope our shareholders will
continue to support and remain with the Company as we strive to
strengthen our position as ASEAN’s leading payments company.
I would also like to register my appreciation and admiration for
the board members, managements and staffs of the GHL family
across our operations in Malaysia, Thailand, Philippines and
Australia. I thank them for their tireless commitment and hard
work in turning in another successful year in 2015. Let us keep
our focus on our goal to be the market leader in our space as
we continue this exciting journey. We are and will always be,
“ASEAN’s Payment People”.
Terima Kasih
Datuk Kamaruddin bin Taib
Independent Non-Executive Chairman