TZ Inks 6-Year Parcel Locker Contract with Pos Malaysia

Australia-based TZ Limited has signed a contract with Pos Malaysia Berhad to supply electronic parcel lockers.

POP stations in Singapore have greatly reduced the number of undeliverable e-Commerce parcels
POP stations in Singapore have greatly reduced the number of undeliverable e-Commerce parcels

In October 2014, TZ Ltd was awarded the tender to supply the lockers and the now finalized six-year contract calls for turnkey supply of TZ hardware and software as well as support and maintenance services over the proof-of-concept, pilot and roll-out phases of the project.

The contract with Pos Malaysia follows on the company delivering the 100th POPStation locker system to Singapore Post, while Poste Italiane has also been running a TZ pilot program for more than three months.

Pos Malaysia is the sole postal services provider in Malaysia, offering a myriad of services which include mail, retail, financial, logistics and courier. Its courier and logistics services are handled by PosLaju, Malaysia’s leading domestic courier services provider.

Pos Malaysia has over 1,000 touch points comprising 704 post offices, 264 Pos Mini outlets, 68 PosLaju branches, 28 Pos-on-Wheels, 13 PosLaju Service Centres, six PosLaju Kiosks, four PosLaju Go2U mobile kiosk, Pos24 and more than 100 authorized agents.

Soaring e-Commerce biz
The firm also delivers to 255 destinations worldwide through Express Mail Services and has a dedicated international hub providing integrated links via land, sea and air, making Pos Malaysia the largest domestic delivery network connecting Malaysia and beyond.

Pos Malaysia reported revenue of 1.43 billion ringgit (U.S. $398 million) and EBITDA of 283.9 million ringgit for the 2013/2014 financial year.

As in neighboring Singapore, the introduction of parcel lockers has been prompted by a soaring e-Commerce business in the country.

A White Paper published last year by payment solutions provider Payvision found that Singapore and Malaysia make up the largest e-Commerce markets in Southeast Asia, generating almost half of total online retail sales in this region. These two markets are expected to show double-digit growth in the next few years.

Nol van Fenema

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