News & Reviews:   cashless

Keretapi Tanah Melayu Berhad (KTMB) has announced that its ticket purchasing system will go fully cashless starting 1 January 2025. These include Klang Valley, northern, southern and east coast sectors.

Bank Negara Malaysia (BNM) has revealed several interesting statistics regarding e-payment transactions, showcasing its strong growth in our country. In a speech by Assistant Governor Abd Rahman Abu Bakar, Malaysia recorded 9.5 billion e-payment transactions in 2022.

Malaysia has become the first Asia-Pacific country to roll out Mastercard Bill Pay, a new bill management tool that combines electronic bill presentation and payment in one place. Officially launched in Kuala Lumpur yesterday (10 January 2023), the tool is available to consumers via ATX’s digital wallet GoPay and web-based online payment platform PayHub2U. 

The Penang State Government has annuonced that government services in the state will go 100 per cent cashless by the year 2030 in an effort to realise its digital transformation agenda. Penang Chief Minister Chow Kon Yeow elaborated that the State Government would intensify efforts to introduce cashless initiative soon, especially in major tourist hotspots. 

Apple Pay is increasingly appearing a lot more lately. Just last week, users spotted the feature promotion coming soon on Shopee and Maxis, then now it was on Ambank's website. Initially, Ambank did tease Apple Pay a few weeks ago via SMS but now, the web portal that was up had already been taken down.

The Ministry of Health (MOH) has announced that all facilities under its helm will start going cashless from 1 October 2022. This is according to circular issued by its secretary-general, Datuk Harjeet Singh dated 21 June 2022.

Universiti Putra Malaysia (UPM) School of Business and Economic Assoc Prof Dr Anuar Shah Bali Mahomed has lauded the recently launched Malaysia Digital initiative for its ability to reduce corruption. Specifically, the initiative’s comprehensive implementation of a cashless system will reduce occurrences of corruption as bribes are usually made in cash to avoid being traced.

Universiti Putra Malaysia (UPM) School of Business and Economic Assoc Prof Dr Anuar Shah Bali Mahomed has lauded the recently launched Malaysia Digital initiative for its ability to reduce corruption. Specifically, the initiative’s comprehensive implementation of a cashless system will reduce occurrences of corruption as bribes are usually made in cash to avoid being traced.

A new study by Visa have found that 93 percent of consumers in Southeast Asia have embraced cashless payment methods, including cards, contactless cards and mobile contactless, mobile wallets and QR code payments. Furthermore, the study found that 74 percent of Malaysian consumers have successfully gone cashless.

If you’ve ever visited the historic city of Melaka, then you’ve definitely seen one of those colourful trishaw rides on the road. Well, the next time you visit Melaka and want to take a trishaw ride, you can actually now pay using Touch ‘n Go e-wallet!