Professional Documents
Culture Documents
Business Report
On
‘Merchantrade Asia Sdn Bhd’
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6.1 WhatsApp ----------------------------------------------------------------------------------
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9.1 Transcript-----------------------------------------------------------------------------------29
List Of Figures:
Figure 1 7
Figure 2 8
Figure 3 9
Executive Summary
Merchantrade Asia Sdn Bhd is a local company that provides Money Service Business as
The purpose of this report is to study and evaluate the communication method adopted
by Merchantrade. Moreover, this report discusses the background of the company, internal
The major findings of the report are by primary research which is an interview with the
company’s Senior Vice President in Employee Relations, Mr. Neir Vignesh, and secondary
research is processed using a website. This report also studies the new communication
After researching, it was found that Merchantrade Asia uses 4 main communication
methods in internal communication, which include WhatsApp, Email, Zoom, and Google
Forms. While for external communication methods, Merchantrade Asia uses 4 main
communication methods which include WhatsApp, Email, Phone Calls, and Website.
Through the interview with the Senior Vice President in Employee Relations Management,
Mr. Nair Vignesh, the company is using efficient communication throughout its daily
operations. However, there are some challenges faced while using these communication
methods, especially the changes caused by the COVID-19 pandemic. It is recommended that
the company should quickly adapt to the changes of the new working mode to minimize the
loss caused by the vast changes of communication methods throughout the pandemic.
1.0 Introduction
Merchantrade Asia launched in 2018 and has since been nominated for Prominent
Enterprise of The Year and a runner-up for Florin Asia Innovation Awards. They focus on
creating multi-currency payment methods using the new age of technology and an intricate
understanding of the market and the evolving environment of the market that they are
operating, they have a goal of using digital platforms to make things convenient and making
connections easier, more efficient and more convenient, their 3 pillars include digital
payment services, money services business and mobile services. They have a deep
understanding of their customer’s needs and innovate their solutions for them.
Figure 1: Merchantrade Asia’s slogan (Home - Merchantrade Asia Sdn Bhd, 2021)
2.0 Background of the company
expanded into a mobile virtual network operator, money services provider, and internet
money issuer. Merchantrade has been transitioning its company to digital in the previous
three years. The firm creates a platform that can link other companies across the world and
create a global mechanism. Merchantrade Money e-wallet also has a partnership with VISA,
allowing the app to enable prepaid Visa, which has the maximum wallet capacity at
RM20,000. In 2018, Merchantrade was nominated in the Malaysia Fintech Awards 2018.
Every business has a goal for its future, and Merchantrade has a vision and a complete
Figure 3: Mind map of business communication method adopted by Merchantrade Asia Sdn Bhd
organization that allows everyone to ensure their clarity. Merchantrade Asia Sdn Bhd
supposedly has been using internal communication as one of their ways to communicate with
3.1.1 WhatsApp
Merchantrade Asia used WhatsApp to share information within the organization. The
employees will create a group based on their prospective group and share the information
with their groupmate. Furthermore, the company uses WhatsApp to collect relevant feedback
from employees to help improve the overall work culture. Merchantrade Asia uses
WhatsApp's group or one-to-one chat feature to better collaborate with employees when
discussing work content and to allow employees to receive the information they need faster,
3.1.2 Email
Merchantrade also uses emails as a communication tool to announce its workers across
96 branches in Malaysia. They will put the announcements on the notice board that is called
“Often Change”. The organization also uses email communication to broadcast to each of the
3.1.3 Zoom
Merchantrade also uses zoom as a communication platform for meetings. They will call
out all the members within the organization and discuss the overall monthly income made by
the organization and give different types of ideas to marketing their company to attract more
Merchantrade has been using Google Form as a communication tool that lets their
workers fill up the form with the information they research, which will help them clarify the
data in a more readable and understandable form where everyone in the organization can
read.
3.2 External Communication
promoting their brand, increasing recognition, and favorably shaping the public's impression
of the company.
3.2.1 WhatsApp
suppliers, and clients. Also, they will get instant responses and feedback from them.
Therefore, the messages and voice functions of WhatsApp are often used by Merchantrade
Asia to communicate information and even important texts to each other, both with suppliers
and customers. Since the company often works with dozens of employees or teams in a
particular department of the other company, they often run a WhatsApp group with their
partners to work. In case of emergency, the company also uses the WhatsApp call function to
make voice or video calls with foreign clients or suppliers to quickly solve the problem at
hand. The WhatsApp customer service team has been established to resolve the issues for
customers.
3.2.2 Email
partners, especially if it is the first time they have worked with Merchantrade Asia, to raise
the profile of the company. Also, an important announcement will be sent via email to
Merchantrade Asia’s suppliers and partners. On the other hand, Merchantrade Asia also
provides customer service via e-mail to those who need it. The company sends formal
responses or provides services to its customers via e-mail, especially when they are facing or
Since some of the customers are still more accustomed to providing their feedback
by making phone calls, Merchantrade Asia still has a phone calls method from the customer
service perspective. At the same time, Merchantrade Asia's manager will also make phone
network conditions.
3.2.4 Website
Merchantrade Asia uses the website to further communicate their message to their
Asia's website provides them with a new way of communicating with their clients. Customers
or partners can use the website to communicate with the company's managers or to give
feedback on the company's services. With a well-run website, they convey the corporate
COMMUNICATION METHODS
4.1 WhatsApp
the ad-free social networking allows the company to work more smoothly (Team, 2021).
Also, important documents in files can be sent to the relevant people via WhatsApp. In
addition, WhatsApp also lets us know if the receiver has received and read our message or
not. However, WhatsApp does not allow sharing of any file over 100MB under normal
urgently. WhatsApp also requires an Internet connection to work. The company is difficult to
contact others if they do not have Internet access or are in a very poor network environment.
4.2 Email
The speed of communication with email compared to the telephone is the possibility
obtained or sent via e-mail is also easy to carry around without having to lug around bulky
folders. It can also reduce the cost of shipping and mailing of the company since email can be
sent without having to pay any fees (Home - Merchantrade Asia Sdn Bhd, 2021).
However, email does not always work for emergency notifications since not
everyone is in front of their computers at the same time. Email also will easily be ignored or
The company used the platform for conference meetings, and it also provided a 1 GB
cloud for the recording of the meeting. However, using zoom as a communication tool is
inconvenient for communication because only the paid users will be able to create a larger
meeting with more than 100 participants. Besides, if the firm chooses a free Zoom account,
they will be able to hold an infinite number of meetings, but the meeting time will be
restricted to 40 minutes per session unless the company pays for it. (Zoom Limit, 2021)
Google Forms is a Google platform that allows users to see the survey's layout, it also
allows users to submit the form by email and construct an infinite number of questions and
answers at no cost. However, the amount of information written in Google Forms is not clear
because the workers have their own opinion which is why Merchantrade uses Google Forms
Phone calls not only provide immediate feedback but also allows parties to respond
immediately. In addition, the conversation between the two parties is relatively private, as
only the caller and the receiver know the content. The caller can leave a message via
voicemail if the dialing is unsuccessful, and most importantly, the call can be made
completely without regard to the network. (Computer Science learning for school students,
2021).
But, the amount of payment for overseas calls is bound to be very expensive. In
addition, there may be noise or interference by making calls, so the call quality may be poor,
and only spoken messages can be exchanged on traditional phone calls. (Computer Science
4.6 Website
The establishment of a corporate website can more richly show the overall image of
the company to increase the sense of trust of the company. At the same time, it can also
increase the exposure of the company because we will certainly first browse the company's
website before the collaboration. However, to keep customers or potential partners up-to-
date, companies must regularly update their websites with all the latest information. All these
5.1 WhatsApp
mobile device is lost while the company's employees or partners are working on WhatsApp,
Merchantrade Asia must face the challenge of compromised company secrets. Also, it is easy
to misunderstand the meaning while using texting because they are more familiar with face-
to-face meetings with nonverbal communication. Besides, the company had to ensure that the
network was stable and not affected by network problems during meetings with others,
especially meeting with foreign outsiders. Moreover, because of the time difference, not
everyone can match the time and it would indirectly affect the progress of Merchantrade
Asia's operation.
5.2 Email
E-mail may be a useful communication tool, but it can also lead to misunderstandings
among its users. E-mail does not include nonverbal communication; recipients may
misinterpret the sender’s message since there is simply text and no tone of voice or body
language to offer context. This is particularly true of senders who fail to go through their
messages before they send them (Vdovin, A.,2021). Besides, with the widespread use of
email, it's easy for inboxes to become overloaded with messages that go unheeded, some
emails are even simply ignored by recipients as advertising or spam. For example, email
boxes received during a week's vacation away from work that is not processed in a timely
manner can be difficult to sort through once you return to work (indeed career guide, 2021).
5.3 Zoom
Due to the pandemic, most businesses haven't launched yet, they rely on virtual
meetings like Zoom and Google Meet to do business. Merchantrade Asia Sdn Bhd, for
example, uses it as a communication tool. Because they generally meet in person, the rapid
The challenge faced by using Google forms is the limitations regarding the
capabilities of the tool. It can only handle texts up to 500 Kb; photos up to 2 Mb; and
spreadsheets with up to 256 cells or 40 sheets (Data Scope, 2018). Sometimes the information
was not detailed enough and the other workers have to research before agreeing on the
One of the challenges of making phone calls is the lack of body language. The
company can only hear voice inflection and tone of voice to guess the mood of the person on
the phone. In addition, not all calls go through smoothly, especially when the other party is in
a busy phase. If it is an emergency, it can affect the company's business progress. This is also
true from the customer's point of view. They may face complaints from customers if they do
not provide timely assistance to customers because the company is busy on the phone
(study.com, 2021).
5.6 Website
Website is easily causes misunderstanding between the two sides if the information
entered in the company's website is not clear and explicit, thus making the company miss the
are WhatsApp, Email, Phone Call, Website, Zoom, and Google Form. One of the biggest
challenges in the company’s communication method is the change caused by the Covid-19
pandemic. Communication methods have been changed vastly due to lockdown and the
requirement to stay away from crowds, companies are forced to change their communication
method to keep the operation of the company. The following recommendation will suggest
the device is stolen, or damaged. Hence, all the important documents and data will be stored
in google drive to reduce the loss. Google Drive is a cloud-based storage solution that allows
the company to save files online and access them anywhere from any device (Business
could provide its supplier and customer several options in choosing a communication method
to find the best communication method that brings out both efficiency and clarity. For
between users. For example, the company has to clarify the use of email and texting, text
messaging implies urgency, if the message is not urgent, either send through email or preface
the message with “not urgent” to attain better communication. Moreover, if the respective
subject is important, communication should be conducted using phone calls to reduce the
chance of miscommunication. It is important to acknowledge that emails and text should not
be the main medium of communication because they may bring unnecessary barriers to
communication. The overload of inboxes in the email could be a major problem of using
email, to avoid important emails being overlooked as advertising or spam, employees can
create a workplace email to reduce receiving advertisement and spam. Besides, important
emails with respective files can be prefaced with “urgent” in the title to reduce overlook.
Phone Calls
The main problem of using phone calls is the lack of body language, which causes a
lot of nonverbal communication. The first recommendation of this problem is to take note of
the phone etiquette when using a phone call. The tone of voice plays a big factor in phone
call communications, users should speak in a clear, energetic tone without being too fast or
too loud, words should be spoken at an average speed while some important words should be
spoken slow enough that people can understand what is being said to them. It is also
important to use a formal speaking tone when conveying vital messages. Furthermore, the
beginning of the phone call should be started with a positive greeting such as “Hello” or
“Good Morning, and the person who started the call should introduce himself before the
conversation starts.
Website
Here are a few recommendations to evaluate the company website. First and foremost,
the website should be simple and easy to use to assist a customer in attaining their purpose
efficiently, hence, the company website should use easily readable text and eliminate
unnecessary information. Moreover, the website should come with good visual appeal,
unattractive design could cause the company to lose customers, avoid using high contrast
colors and clashing colors. Furthermore, a useful website should contain an effective search
engine and navigation tool for users to locate the information needed quickly.
Zoom
With most of Malaysia's population now fully vaccinated against COVID-19, businesses
are prepared to return to the office, however, the post-pandemic situation will not be the same
as before the pandemic, many companies chose to transition to a hybrid-work mode. The
Zoom app will remain a staple platform within most organizations and businesses. Zoom
CEO Eric Yuan stated that 80% of US respondents agreed to continue to have a virtual
element post-pandemic. The Senior Vice President of the HR department Nair Vignesh also
believed that zoom will continue to be used in the operations of Merchantrade Asia both
Google Form
The biggest challenge in using google forms is its word limitation which can cause
insufficient data collecting. A way to overcome this question is to summarize the text in
question and provide more yes-no questions to avoid text limits in google forms. Moreover,
the company can use other substitutes such as Microsoft Forms and WPForms, these
The company that we chose, Merchantrade Asia has shown that success is possible as long as
they overcome the obstacles that they face and evolve along with their customer, which is
what we have displayed in this report and the interview with the company’s Vice President in
Employee Relations, Mr. Neir Vignesh. Merchantrade has found ways to communicate using
platforms like WhatsApp, Telegram, Email, Zoom, and Google Forms. This is why despite
the COVID 19 pandemic, they have been able to push through as a company as they were
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9.0 Appendix
Alyssa : Good morning to Mr. Vignesh, we are students from Taylor’s University. I’m
assignment, and we would like to ask you some questions about the business
Alyssa : The first question, could you tell us more about Merchantrade Asia and your
job content?
Mr. Vignesh: Sure, Merchantrade, we are a company dealing with remit and money
changing. If you google Merchantrade, you will find the information there. My
job content is that I’m a part of the HR team, predominantly looking at the
Alyssa : The next question is regarding your company's operation. Are the jobs more on
Mr. Vignesh: My answer will be the following right. It depends. It’s inevitable for us to
work as a team, at the end of the day, we need to look at the overall
organizational goals and the entire team needs to work towards those goals.
So, the answer is more towards teamwork. Certain things you need to work on
as an individual and report to the team and take it from there. So, if you ask
and WhatsApp.
Mr. Vignesh: We use email, WhatsApp and Google Meet or using Zoom like how we are
right now. We also use normal phone calls or conference calls to make sure to
Alyssa : Alright, the next question is how are the conferences usually held? Is it either
virtual or face-to-face?
Mr. Vignesh: Due to the pandemic, the option of face-to-face is eliminated. Of course,
before the pandemic, it would be face-to-face but now it’s all virtual via Zoom.
Alyssa : Alright, the third question is how does the company usually give
Mr. Vignesh: We have emails communication where we broadcast to the respective teams as
well. On top of that, we use Telegram as well because the application allows
more members to be added to the group rather than WhatsApp that has a limit.
Alyssa : The next question is does your company uses an online workspace, for
Wan Ying : Now, I have some questions about your company’s external communications
websites, phone calls, emails. We also use Zoom call as well for clarification,
meetings, and stuff like that. So, it depends. It’s not one solution to fit all, it all
Wan Ying : Alright, the second question: what are the selected communication methods
used for? For example, emails are used for customers with complaints or
reviews on goods or services. Or the tools for communicating with the bank.
Mr. Vignesh: So, if we are talking about customers’ feedbacks, it is either through email or
nowadays, through Facebook, through whatever. Social media and all yeah,
since we are active on it. So, it all depends. We use several platforms. So, to
make it easy for customers to give their feedback and for us to reply quickly as
possible.
Wan Ying : Okay, does your company uses financial reports for the company shareholders
to skim through?
Wan Ying : Has there been any impact on the chosen communication methods especially
Mr. Vignesh: Of course, the answer is obviously yes. They say it’s endemic, but things are
still going through the process. Has there been an impact? Yes, definitely. Of
course, we are relying on face-to-face before but now it's more virtual because
of no choice.
Wan Ying : I have some questions about the challenges faced in your communication
between colleagues?
Mr. Vignesh: Okay, so the biggest challenge is some are not so text-savvy because they are
so used to face-to-face. At the end of the day, they are so used to talking face-
to-face during meetings and whatsoever but suddenly they need to talk in this
virtual platform whether they like it or not. One of the initial changes was the
Wan Ying : The second question is when using the communication methods, which is
through the Internet and other external communication tools, are there any
issues or challenges that you must face? For example, sometimes emails might
lead to misunderstandings between the sender and receiver and they are not
Mr. Vignesh: The answer is definitely yes. So, sometimes the email does not tell you how
you want to read it, so this is where the danger is. So, what we usually do is, if
you have any issues, we talk to the person first and follow up with an email
because we can understand the situation a little better. Sometimes people will
get confused about why the person is talking like this or that but when there’s
a call that’s followed up with an email, they understand the intent and the other
Wan Ying : Okay, and the third question is does working from home affect a lot of change
suddenly there’s a change like how I mentioned earlier, they needed to adapt,
Alyssa : I have some extra questions. So which type of method do you prefer? Virtual
or face-to-face?
Mr. Vignesh: Okay, let me throw the question back to you. Would you prefer to talk to your
Mr. Vignesh: Yes, but we need to rethink things over yeah. I mean due to the pandemic, due
to the time and what not yeah. So, for us, we have quite a several people so the
virtual element makes it easier, faster, and can allow us to send information
much faster and accurately where people can understand. So, this is an
advantage of that and we have benefited from that as well. And, the
disadvantage is, the connection between people will take a longer time to
Alyssa : Okay, I have the next question. So, I know that Version Trade Asia is an
Mr. Vignesh: Okay, so obviously I can’t speak foreign languages, but we have multilingual
workers, and they act as our spokesperson to reach the target market. So, they
will use WhatsApp, Facebook, LinkedIn and communicate with the target
market accordingly.
Alyssa : The third question is do you think your communication methods and
Mr. Vignesh: No. I think it will be a combination of both. I think the usage of Zoom and all
the platforms is a good thing so we can better manage the communication, but
audience. So, I think it all depends on those two, but I think it will be a
Alyssa : Do you think some content can be done from home? And after the pandemic,
do you think they have to go back to the company or can still work from
home? Since this pandemic started, maybe some companies found out that not
all work is needed to be done in the office and can be worked from home and
Mr. Vignesh: So, this is all about mindset. At the end of the day, a lot of companies have this
Asian mentality whereby if their workers work from home, they won’t be
productive. But let me ask you this question. Does this company have a
choice? No, because they were forced to work even from home because of this
rejecting the idea of working from home but due to the pandemic, they had no
choice. But because they have gone through it, now they know people can be
productive from work from home. However, some people are not productive
Alyssa : Okay, the next question is regarding the strengths and weaknesses of
Mr. Vignesh: Well, basically WhatsApp made it easier for people to communicate and you
get instant responses and feedbacks. So, you have two methods in WhatsApp
too, being text message and call. You can have a few people in a call for
meetings also. All those advances have benefited the clients or the
send information, it is much faster and we can get things across or even a
quick update. We also use Google Forms as well to gather data and
information. I think there’s a lot of pros and cons in that sense, you know for
Alyssa : Do you think the people in your company are too dependent on these social
media applications and if it crashed, do you think it affects the workers a lot?
Mr. Vignesh: So, I think it’s all about adjusting. I think it's because people are so used to
social media and all that and it feels like they lost an arm without it, but I think
without it things can still go on. But I think they all workaround, for us, the so-
called crash did not impact us as what explained. There are always alternatives
such as emails but I think Google Email was also down but I can’t remember.
Wan Ying : Okay, I would like to ask the next question. Just now you have mentioned a
traditional phone calls, and which area is it used in, for example, customer
service?
Mr. Vignesh: Okay, so the traditional phone calls are still done with the customer service
perspective. It is because customers want to reach, and they use the toll-free
number or the number that needs to be contacted, and customers feel like
Alyssa : That is our last question and we have come to the end of our interview. We
Mr. Vignesh: No worries and I wish you guys all the best and stay safe! Glad that I can help
you guys.