Malaysia’s fintech Public Gold ATM partners Dubai Firms to Expand International Footprint
KUALA LUMPUR, Feb 4 (Bernama) -- Public Gold Marketing Sdn Bhd (Public Gold) has entered into strategic partnerships with two Dubai-based companies, MAH Gold and Jewellery LLC, and ComTech Gold, to expand the international footprint of its Public Gold ATM network.
Public Gold ATM is a service specialising in the development, manufacturing and deployment of financial technology (fintech)-powered automated teller machines (ATMs) for gold.
Public Gold Dubai Multi Commodities Centre chief marketing officer Jerry Ng said the partnerships reflect structural changes taking place in the global gold industry, where traditional physical trading is increasingly complemented by digital infrastructure.
“As global markets face volatility, inflationary pressures, and geopolitical challenges, gold continues to play a vital role in both institutional and individual portfolios worldwide,” he said during his speech at the partnership signing ceremony here, Wednesday.
Ng highlighted that there is growing demand for greater transparency, efficiency, liquidity and accessibility, supported by strong governance and reliable technology, which provides the global context for the collaboration.
He said the global gold market is transitioning from purely physical transactions to hybrid digital-physical models, adding that the solution is not about replacing physical gold but about enhancing how it is accessed, verified, and delivered through robust infrastructure.
“This collaboration enables a secure and traceable method for digital gold withdrawal, ensuring that ownership settlement and physical delivery can be carried out with greater speed, accuracy, and confidence,” he said.
Ng said the collaboration also sends a strong message to the global gold community that Malaysia is ready to play a more prominent role in the international bullion landscape.
“Looking ahead, I am confident that this partnership will strengthen the local and regional gold ecosystem, attract greater participation from international bullion traders and investors, and set a benchmark for future collaborations within the precious metals industry in the region,” he added.
The strategic partnership agreements were signed at Menara Public Gold in the presence of Public Gold Group founder and executive chairman Datuk Seri Louis Ng, MAH Gold and Jewellery LLC chief marketing officer Hussein Osman and ComTech Gold founder and chief executive officer Jignesh Ved.
Established in 2023, Public Gold ATM has deployed 155 fintech-powered gold ATMs across Malaysia, Indonesia and parts of Dubai, earning a Guinness World Record title for Most Gold ATM Deployments.
-- BERNAMA
