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KK Mart

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uuid00vjmii

Namestring
KK Mart
Legal namestring
KK Supermart & Superstore Sdn. Bhd.
Websiteurl
kkmart.com.my
Company typeenum
Private
Founded yearint
2001
Descriptiontext

KK Mart (legally KK Supermart & Superstore Sdn. Bhd., with the listing entity KK Mart Retail Bhd) is a Malaysian convenience store chain that operates 996 stores under the KK Super Mart and KK Mart brands across Malaysia, Nepal, and India. Founded in 2001 by Chairman KK Chai with a single outlet in Kuala Lumpur, the company is Malaysia's second-largest minimart chain and offers daily necessities, groceries, household items, licensed Disney-branded merchandise, and private-label "KK Products," alongside in-store financial services such as mobile top-up, bill payment, e-parking, and ATM locator access. The company addresses demand for affordable daily essentials in residential and underserved areas, with a stated focus on convenience, proximity, and value pricing through monthly promotional campaigns (KK Murah, Mid-Year, Golden Place).

The company's multi-channel platform rests on three layers: (1) physical retail stores serving as the primary transaction and distribution layer; (2) KK e-Mart (kkemart.my), an online grocery and household-goods storefront; and (3) the KK Rewards mobile loyalty app on iOS and Android, which drives repeat visits through a KK Coins points system and digital promotions. A dedicated integration with TNG Digital and DuitNow enables e-wallet salary disbursements for migrant workers, with over 160,000 workers served in 2025 — a payments-led customer-acquisition channel that funnels wage transfers into in-store spending. The technology stack is conventional retail/e-commerce infrastructure; no AI, ML, or proprietary technology components are disclosed.

Revenue is generated primarily through convenience retail transaction sales across physical stores, supplemented by online sales (KK e-Mart), loyalty-driven repeat purchases (KK Rewards), payment service commissions, and the growing migrant-worker wage-disbursement flow. KK Mart Retail Bhd is preparing for an IPO on Bursa Malaysia in 2026, with Maybank Investment Bank as principal adviser and sole underwriter, targeting an offering of up to 840 million shares at an implied pre-IPO valuation of approximately RM3 billion (~US$650 million). The company remains founder-controlled, with Chairman KK Chai holding 95% equity and his spouse Loh Siew Mui holding the remaining 5%, and no institutional or venture capital backing is disclosed in the available sources.

Short descriptiontext

KK Mart is Malaysia's second-largest convenience store chain, operating 996 KK Super Mart and KK Mart stores across Malaysia, Nepal, and India, offering daily essentials, groceries, private-label KK Products, and Disney-branded merchandise, online grocery via KK e-Mart, and the KK Rewards loyalty app, serving general consumers and migrant workers.

Operating statusenum
Operating
Ownership categoryenum
akta.pro rankint
HeadquartersKuala Lumpur, Malaysia
HQ citystring
Kuala Lumpur
HQ countrystring
Malaysia
HQ regionstring
Asia
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
convenience store retail, grocery and household goods, private label products, in-store payment services, loyalty rewards program
Industry1 code
1Traditional Convenience Stores (C-Stores)
CodeCRAHABAAPrimaryYes
NAICS code1 code
  • Convenience Retailers445131
SIC code1 code
  • Retail-Convenience Stores5412
Product category
Convenience Retail
No data
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1Convenience Retail Sales
TypeTransaction Fee
Description

Revenue generated from the sale of goods across convenience store locations under the KK Super Mart and KK Mart brands. Stores offer a mix of daily necessities, groceries, household items, and licensed products.

businesstimes.com.sg
Marketing channels4 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels3 records

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure
GTM typeB2C
B2C
Offering typeServices
Services
Brand1 of 3 records shown
1KK e-Mart
Description

Online store for groceries, household items, and more

kksupermart.my
+2 more records
Core offering1 text field

KK Mart operates a chain of convenience stores under the KK Super Mart and KK Mart brands, offering daily essentials, groceries, household items, private label products, and Disney-licensed merchandise. Stores provide in-store payment, mobile reload, bill payment, and e-parking services, complemented by the KK e-Mart online grocery platform and the KK Rewards mobile loyalty application. The parent entity KK Mart Retail Bhd is preparing for an IPO on Bursa Malaysia.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 value
  • Over 160,000 migrant workers served with e-wallet salary disbursements in 2025 via TNG Digital partnership
Product overview1 text field

KK Mart operates a convenience store retail business under the KK Super Mart and KK Mart brands, functioning as a one-stop convenience platform with physical stores, an online store (KK e-Mart), and a mobile loyalty app (KK Rewards). The company offers private label KK Products alongside licensed Disney Products, and provides in-store payment and reload services. The parent entity KK Mart Retail Bhd is preparing for a Bursa Malaysia IPO.

Product and service6 records
1KK Super Mart / KK Mart Physical Stores
CategoryConvenience Retail
Description

Convenience store chain operating under KK Super Mart and KK Mart brands, offering 24-hour access to groceries, household items, daily necessities, and licensed products across more than 996 stores in Malaysia.

2KK e-Mart
CategoryOnline Grocery Retail
Description

Online grocery and household items store accessible at kkemart.my, offering convenience shopping with delivery options for Malaysian consumers.

3KK Rewards Mobile App
CategoryLoyalty Program
Description

Mobile loyalty application available on iOS and Android that enables customers to collect and spend KK coins, access promotions, and earn rewards across physical and online stores.

4KK Products (Private Label)
CategoryPrivate Label Goods
Description

Private label product line under the KK brand offering affordable everyday items including grocery and household products.

5Disney Licensed Products
CategoryLicensed Branded Merchandise
Description

Licensed Disney-branded merchandise including facial tissue, umbrellas, pens, kitchenware, and reusable bags sold exclusively at KK Mart and KK Super Mart stores.

6Payment & Reload Services
CategoryIn-Store Payment Services
Description

In-store financial convenience services including mobile top-up, bill payment, card payment processing, and e-parking payment options available at KK Mart locations.

Scale indicator6 records

Each record includes

Type, Value, Description, Source

Partnership2 partners
Strategic tierCoreTypeStrategic or Co-development PartnerAnnounced on2026-04-20
Description

TNG Digital partnered with KK Mart to pay migrant workers' salaries through the TNG e-wallet, targeting the roughly 45% of Malaysia's migrant workers who cannot open traditional bank accounts. TNG eWallet received approval from Peninsular Malaysia's labor department as a salary account provider and processed payments for over 160,000 migrant workers in 2025. The service enables real-time wage transfers and purchases through DuitNow, leveraging KK Mart's store network.

Strategic tierMinorTypeOthers
Description

KK Mart holds a licensing agreement with Disney to offer Disney-branded products including facial tissues, umbrellas, pens, kitchenware, and reusable bags, sold exclusively at KK Mart and KK Super Mart stores.

Recent move9 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight12 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Operates the largest chain of 24-hour convenience stores in Malaysia with over 2,400 outlets. Directly competes with KK Mart in the same product categories, target customers, and small-format convenience retail model, and serves as the primary market-share benchmark.

TypeEmerging player
Description

Online grocery delivery platform operating across Malaysia and Southeast Asia. Competes with KK Mart's KK e-Mart channel on convenience-driven online grocery retail and shares the same end customer seeking quick access to everyday essentials.

TypeDirect peer
Description

Japanese-origin convenience chain with a sizable Malaysian footprint of 24-hour stores. Directly comparable format, assortment, and target demographic to KK Mart, representing one of the principal international convenience competitors in Malaysia.

TypeDirect peer
Description

Operates the Speedmart 99 chain of convenience stores across Malaysia. Competes with KK Mart on price-led convenience retail and serves overlapping residential and neighborhood catchments with similar everyday-needs merchandise.

TypeBroad incumbent
Description

Large supermarket and hypermarket operator in Malaysia. Overlaps with KK Mart in grocery and household goods, but competes at a larger basket size and wider format, serving as a broad incumbent benchmark for channel competition.

TypeDirect peer
Description

Japanese convenience-store brand with a presence in Malaysia. Competes directly in 24-hour small-format c-store retail with similar product mix and impulse-purchase focus to KK Mart stores.

TypeBroad incumbent
Description

Operates AEON-branded supermarkets and convenience-style outlets across Malaysia. Comparable as a diversified retail incumbent offering overlapping grocery and household ranges but at larger store formats than KK Mart.

TypeDirect peer
Description

Listed Malaysian convenience store chain operating MyNEWS and CU-branded stores across Malaysia and the region. Closely comparable business model — small-format c-store, own-brand products, in-store services — competing head-to-head with KK Mart for the same daily-needs shopper.

TypeRegional player
Description

One of Nepal's largest convenience/grocery chains with hundreds of small-format stores. Relevant as a regional competitor and benchmark in the same Nepali market where KK Mart is building a presence.

TypeRegional player
Description

Indian arm of the 7-Eleven global chain, now present in major Indian metros. Comparable as the principal international convenience competitor in India, where KK Mart is also expanding, but operates in a different geography than KK Mart's core Malaysian business.

Market position
Strengths5 records

Each record includes

Headline, Details, Source

Weaknesses5 records

Each record includes

Headline, Details, Source

Competitive moat4 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights7 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers1 record

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

Integration2 records

Each record includes

Title, Type, Description, Source

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles2 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
No data
Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

KK Mart

Convenience Retailkkmart.com.my

KK Mart is Malaysia's second-largest convenience store chain, operating 996 KK Super Mart and KK Mart stores across Malaysia, Nepal, and India, offering daily essentials, groceries, private-label KK Products, and Disney-branded merchandise, online grocery via KK e-Mart, and the KK Rewards loyalty app, serving general consumers and migrant workers.

What KK Mart does

KK Mart (legally KK Supermart & Superstore Sdn. Bhd., with the listing entity KK Mart Retail Bhd) is a Malaysian convenience store chain that operates 996 stores under the KK Super Mart and KK Mart brands across Malaysia, Nepal, and India. Founded in 2001 by Chairman KK Chai with a single outlet in Kuala Lumpur, the company is Malaysia's second-largest minimart chain and offers daily necessities, groceries, household items, licensed Disney-branded merchandise, and private-label "KK Products," alongside in-store financial services such as mobile top-up, bill payment, e-parking, and ATM locator access. The company addresses demand for affordable daily essentials in residential and underserved areas, with a stated focus on convenience, proximity, and value pricing through monthly promotional campaigns (KK Murah, Mid-Year, Golden Place).

The company's multi-channel platform rests on three layers: (1) physical retail stores serving as the primary transaction and distribution layer; (2) KK e-Mart (kkemart.my), an online grocery and household-goods storefront; and (3) the KK Rewards mobile loyalty app on iOS and Android, which drives repeat visits through a KK Coins points system and digital promotions. A dedicated integration with TNG Digital and DuitNow enables e-wallet salary disbursements for migrant workers, with over 160,000 workers served in 2025 — a payments-led customer-acquisition channel that funnels wage transfers into in-store spending. The technology stack is conventional retail/e-commerce infrastructure; no AI, ML, or proprietary technology components are disclosed.

Revenue is generated primarily through convenience retail transaction sales across physical stores, supplemented by online sales (KK e-Mart), loyalty-driven repeat purchases (KK Rewards), payment service commissions, and the growing migrant-worker wage-disbursement flow. KK Mart Retail Bhd is preparing for an IPO on Bursa Malaysia in 2026, with Maybank Investment Bank as principal adviser and sole underwriter, targeting an offering of up to 840 million shares at an implied pre-IPO valuation of approximately RM3 billion (~US$650 million). The company remains founder-controlled, with Chairman KK Chai holding 95% equity and his spouse Loh Siew Mui holding the remaining 5%, and no institutional or venture capital backing is disclosed in the available sources.

KK Mart firmographics

Firmographics
Name
KK Mart
Legal name
KK Supermart & Superstore Sdn. Bhd.
Website
https://kkmart.com.my
Company type
Private
Founded year
2001
Operating status
Operating
Short description
KK Mart is Malaysia's second-largest convenience store chain, operating 996 KK Super Mart and KK Mart stores across Malaysia, Nepal, and India, offering daily essentials, groceries, private-label KK Products, and Disney-branded merchandise, online grocery via KK e-Mart, and the KK Rewards loyalty app, serving general consumers and migrant workers.
Ownership category
akta.pro rank

KK Mart industry classification

Industry
Product category
Convenience Retail
NAICS
Convenience Retailers (445131)
SIC
Retail-Convenience Stores (5412)
akta.pro primary industry
Traditional Convenience Stores (C-Stores) (CRAHABAA)

Keywords

  • Convenience store retail
  • Grocery and household goods
  • Private label products
  • In-store payment services
  • Loyalty rewards program

Where KK Mart is headquartered

Location

Headquarters

HQ city
Kuala Lumpur
HQ country
Malaysia
HQ region
Asia

Offices1 record

Markets served

KK Mart business model

Business model
GTM type
B2C
Offering type
Services
Cost components
Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure

Revenue model

  1. Convenience Retail Sales: Revenue generated from the sale of goods across convenience store locations under the KK Super Mart and KK Mart brands. Stores offer a mix of daily necessities, groceries, household items, and licensed products.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

KK Mart product offering

Product offering

Core offering

KK Mart operates a chain of convenience stores under the KK Super Mart and KK Mart brands, offering daily essentials, groceries, household items, private label products, and Disney-licensed merchandise. Stores provide in-store payment, mobile reload, bill payment, and e-parking services, complemented by the KK e-Mart online grocery platform and the KK Rewards mobile loyalty application. The parent entity KK Mart Retail Bhd is preparing for an IPO on Bursa Malaysia.

Product overview

KK Mart operates a convenience store retail business under the KK Super Mart and KK Mart brands, functioning as a one-stop convenience platform with physical stores, an online store (KK e-Mart), and a mobile loyalty app (KK Rewards). The company offers private label KK Products alongside licensed Disney Products, and provides in-store payment and reload services. The parent entity KK Mart Retail Bhd is preparing for a Bursa Malaysia IPO.

Differentiator

Problem solved

Functional benefit

Brands

  • KK e-Mart: Online store for groceries, household items, and more
  • KK Rewards
  • Disney Products

Products and services

  • KK Super Mart / KK Mart Physical Stores Convenience store chain operating under KK Super Mart and KK Mart brands, offering 24-hour access to groceries, household items, daily necessities, and licensed products across more than 996 stores in Malaysia.
  • KK e-Mart Online grocery and household items store accessible at kkemart.my, offering convenience shopping with delivery options for Malaysian consumers.
  • KK Rewards Mobile App Mobile loyalty application available on iOS and Android that enables customers to collect and spend KK coins, access promotions, and earn rewards across physical and online stores.
  • KK Products (Private Label) Private label product line under the KK brand offering affordable everyday items including grocery and household products.
  • Disney Licensed Products Licensed Disney-branded merchandise including facial tissue, umbrellas, pens, kitchenware, and reusable bags sold exclusively at KK Mart and KK Super Mart stores.
  • Payment & Reload Services In-store financial convenience services including mobile top-up, bill payment, card payment processing, and e-parking payment options available at KK Mart locations.

Quantifiable outcome

  • Over 160,000 migrant workers served with e-wallet salary disbursements in 2025 via TNG Digital partnership

Companies that use KK Mart

Customer profile

Named customers1 record

Segments1 record

Ideal customer profiles1 record

KK Mart technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

Integration2 records

KK Mart partnerships and signals

Strategic signal

Partnerships

Two partnerships are on record, tiered core and minor.

  • TNG DigitalcoreStrategic or Co-development Partner · 20 April 2026TNG Digital partnered with KK Mart to pay migrant workers' salaries through the TNG e-wallet, targeting the roughly 45% of Malaysia's migrant workers who cannot open traditional bank accounts. TNG eWallet received approval from Peninsular Malaysia's labor department as a salary account provider and processed payments for over 160,000 migrant workers in 2025. The service enables real-time wage transfers and purchases through DuitNow, leveraging KK Mart's store network.
  • DisneyminorOthersKK Mart holds a licensing agreement with Disney to offer Disney-branded products including facial tissues, umbrellas, pens, kitchenware, and reusable bags, sold exclusively at KK Mart and KK Super Mart stores.

Scale indicators6 records

Recent moves9 records

Expansion highlights12 records

KK Mart competitors and assessment

Company assessment

Direct peers

  • 7-Eleven Malaysia (7-Eleven Malaysia Holdings Berhad): Operates the largest chain of 24-hour convenience stores in Malaysia with over 2,400 outlets. Directly competes with KK Mart in the same product categories, target customers, and small-format convenience retail model, and serves as the primary market-share benchmark.
  • FamilyMart Malaysia: Japanese-origin convenience chain with a sizable Malaysian footprint of 24-hour stores. Directly comparable format, assortment, and target demographic to KK Mart, representing one of the principal international convenience competitors in Malaysia.
  • Speedmart 99 (Suiwah Corporation Bhd subsidiary): Operates the Speedmart 99 chain of convenience stores across Malaysia. Competes with KK Mart on price-led convenience retail and serves overlapping residential and neighborhood catchments with similar everyday-needs merchandise.
  • Lawson Malaysia: Japanese convenience-store brand with a presence in Malaysia. Competes directly in 24-hour small-format c-store retail with similar product mix and impulse-purchase focus to KK Mart stores.
  • MyNews (MyNews Holdings Berhad): Listed Malaysian convenience store chain operating MyNEWS and CU-branded stores across Malaysia and the region. Closely comparable business model — small-format c-store, own-brand products, in-store services — competing head-to-head with KK Mart for the same daily-needs shopper.

Emerging players

  • HappyFresh: Online grocery delivery platform operating across Malaysia and Southeast Asia. Competes with KK Mart's KK e-Mart channel on convenience-driven online grocery retail and shares the same end customer seeking quick access to everyday essentials.

Broad incumbents

  • Tesco Malaysia / Lotus's Malaysia: Large supermarket and hypermarket operator in Malaysia. Overlaps with KK Mart in grocery and household goods, but competes at a larger basket size and wider format, serving as a broad incumbent benchmark for channel competition.
  • AEON (Malaysia / Southeast Asia): Operates AEON-branded supermarkets and convenience-style outlets across Malaysia. Comparable as a diversified retail incumbent offering overlapping grocery and household ranges but at larger store formats than KK Mart.

Regional players

  • BigMart (Nepal): One of Nepal's largest convenience/grocery chains with hundreds of small-format stores. Relevant as a regional competitor and benchmark in the same Nepali market where KK Mart is building a presence.
  • 7-Eleven India (7-Eleven India Pvt Ltd): Indian arm of the 7-Eleven global chain, now present in major Indian metros. Comparable as the principal international convenience competitor in India, where KK Mart is also expanding, but operates in a different geography than KK Mart's core Malaysian business.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

KK Mart financial estimates

Financial estimate

Revenue estimate

Valuation estimate

KK Mart leadership team

Management profile

Number of profiles

Profiles2 records

KK Mart funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

KK Mart M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about KK Mart

What does KK Mart do?

KK Mart operates a chain of convenience stores under the KK Super Mart and KK Mart brands, offering daily essentials, groceries, household items, private label products, and Disney-licensed merchandise. Stores provide in-store payment, mobile reload, bill payment, and e-parking services, complemented by the KK e-Mart online grocery platform and the KK Rewards mobile loyalty application. The parent entity KK Mart Retail Bhd is preparing for an IPO on Bursa Malaysia.

Is KK Mart a public or private company?

KK Mart is a private company. It is classified as founder individual operated bootstrapped and is currently operating.

When was KK Mart founded?

KK Mart was founded in 2001.

Where is KK Mart based?

KK Mart is headquartered in Kuala Lumpur, Malaysia, in the Asia region.

How does KK Mart make money?

One revenue line is on record: convenience Retail Sales.

Who are KK Mart's main competitors?

Direct peers on record are 7-Eleven Malaysia (7-Eleven Malaysia Holdings Berhad), FamilyMart Malaysia, Speedmart 99 (Suiwah Corporation Bhd subsidiary), Lawson Malaysia and MyNews (MyNews Holdings Berhad). HappyFresh is listed as an emerging player. Broad incumbents are Tesco Malaysia / Lotus's Malaysia and AEON (Malaysia / Southeast Asia). Regional players are BigMart (Nepal) and 7-Eleven India (7-Eleven India Pvt Ltd).

Does KK Mart have an API?

No public API is recorded for KK Mart.

What industry is KK Mart in?

KK Mart's product category is Convenience Retail. Its primary akta.pro industry code is CRAHABAA, Traditional Convenience Stores (C-Stores). Its NAICS code is 445131 and its SIC code is 5412.

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Live signals
NST OnlineCambodian delegation explores trade, investment ties during Malaysia visitA Cambodian delegation visited Malaysia's KK Super Mart on Sept 24 to explore trade and investment ties, with discussions on education, healthcare, tourism, and business. The meeting, hosted by MCBA and MCAH, aimed to encourage Malaysian companies to invest in Cambodia and facilitate Cambodian products in Malaysia. MCBA president Ricky Yaw said cooperation should extend beyond trade to include education and healthcare.WsjMalaysia’s KK Mart to Start Meeting Cornerstone Investors Ahead of IPO, Sources SayKK Mart, Malaysia's largest convenience-store chain, plans to meet select investors in mid-June ahead of an IPO that could value the company at about $750 million. The company has filed a prospectus and aims to list by early October.The Business TimesKK Mart plans Bursa Malaysia IPO with 840 million share offeringKK Mart Retail Bhd, which operates 996 convenience stores across Malaysia under the KK Super Mart and KK Mart brands, plans to launch an initial public offering on Bursa Malaysia involving up to 840 million shares. The IPO will comprise the sale of up to 630 million existing shares and the issuance of 210 million new shares, with proceeds earmarked for store expansion, distribution centre development, digital and IT capabilities, loan repayment, and listing expenses. Maybank Investment Bank is serving as principal adviser, sole bookrunner, sole underwriter, and sole placement agent for the offering.Tech in AsiaTNG Digital, KK Mart roll out e-wallet salary for migrantsTNG Digital has partnered with Malaysian convenience store chain KK Mart to pay migrant workers' salaries through the TNG e-wallet, targeting the roughly 45% of Malaysia's migrant workers who cannot open traditional bank accounts. TNG eWallet received approval from Peninsular Malaysia's labor department as a salary account provider and processed payments for over 160,000 migrant workers in 2025. The service enables real-time wage transfers and purchases through DuitNow, while creating transaction records that could support future offerings such as micro-loans or insurance.TNGlobalTNG Digital and KK Mart partner to offer digital salary payments for migrant workersTNG Digital and KK Mart partnered to offer digital salary payments for migrant workers via TNG eWallet, approved by JTKSM since August 2024. Over 160,000 migrant workers receive wages into TNG eWallet, with RM4.8 billion disbursed in 2025. KK Mart is among the first major retail chains to adopt this payroll method.Fintech News MalaysiaKK Mart Adopts TNG eWallet for Migrant Worker Salary PaymentsTNG Digital partnered with KK Mart to pay migrant workers through TNG eWallet across Malaysia, expanding digital payroll access. The arrangement, recognized by the Malaysian Ministry of Human Resources since August 2024, has already disbursed RM4.8 billion to over 160,000 workers in 2025.vnexpress.netConvenience store operator KK Mart plans Malaysia IPO with up to 840 million sharesConvenience store operator KK Mart Retail, which runs the KK Super Mart and KK Mart chains, is planning an initial public offering of up to 840 million shares on Bursa Malaysia, according to a draft prospectus filed with the Securities Commission Malaysia. The IPO will include the sale of up to 630 million existing shares and the issuance of 210 million new shares, with proceeds earmarked for store expansion, distribution center investments, digital and IT capabilities, bank loan repayment, and listing expenses. Maybank Investment Bank is serving as principal adviser, sole bookrunner, sole underwriter, and sole placement agent for the offering.