By DayakDaily Team
KUCHING, March 28: Sarawak Information Systems Sdn Bhd (SAINS) and its subsidiary, SiliconNet Technologies Sdn Bhd (SNT), have stated that they no longer have any legal or financial obligations, or any other form of involvement or association with dBazaar Sdn Bhd (DBSB).
SAINS issued a press statement today in response to recent developments regarding its company’s collaboration with DBSB. SAINS and its subsidiary, SNT, believe it is necessary to address the concerns raised recently by members of the community.
“We understand the importance of transparency and wish to provide clarity regarding our involvement in this matter,” read the press statement.
It revealed that in April 2021, SAINS, SNT, and DBSB entered into an agreement to collaborate on an eCommerce business called dBazzar.
“SAINS was responsible for the provision of application hosting services and technical support whereas SNT provided SPayGlobal as the exclusive payment gateway for the mobile application-based e-commerce platform owned by DBSB (known as ‘dBazzar.com’).
“The aforementioned agreement was breached by DBSB in the third quarter of 2023. In September 2023, SAINS divested its shares in DBSB and effectively terminated its provision of the SPayGlobal payment gateway to DBSB earlier this year.
“Pursuant to the termination of the agreement, henceforth SAINS and SNT no longer have any legal or financial obligation or any other form of involvement or association with DBSB,” SAINS said. — DayakDaily
