Passengers will benefit from DreamFolks' electronic data capture (EDC) devices in the lounges, simplifying transactions by allowing them to swipe or tap their bank cards. Additionally, access to the lounges will be facilitated through DreamFolks' web portal, where passengers can input their bank card details to generate a QR code for seamless lounge entry.

This technology solution is expected to drive increased footfall to the lounges by increasing efficiency and improving customer experience.

Liberatha Kallat, chairperson & managing director of DreamFolks Services, commented on the expansion, "We are excited to announce our entry into Malaysia, a key market in Southeast Asia. This is a major milestone for our company, and we are confident that our technology solution will benefit all our stakeholders through which passengers will enjoy a convenient and secure airport experience, lounge operators will be able to improve footfall at the lounges, and airports will be able to improve customer experience."

DreamFolks is India's leading airport & travel services aggregator and provides an in-house proprietary technology platform that allows its clients such as Banks, Card Networks, Airlines, OTAs, and Enterprises to create custom offerings for their end consumers. DreamFolks today manages the lounge and other benefits for most of the top Banks in India and enjoys a market share of over 90% in the domestic lounge access market for India-issued debit and credit programs.

The company reported 20.4% increase in consolidated net profit to Rs 17.85 crore on 65% jump in revenue from operations to Rs 282.49 crore in Q2 FY24 over Q2 FY23.

Shares of Dreamfolks Services rose 1.94% to Rs 561.60 on 17 November 2023.