Dato izzaddin idris profiler
Dato izzaddin idris profiler
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It’s quite common to see people paying for their nasi lemak at the gerai with QR Pay or debit cards nowadays. However, there is one sector that’s having a much harder time getting people to go cashless: the public sector.
Apparently government agencies such as hospitals and land offices had a really slow uptake with digital payments.
In these instances, cash is king.
But in November last year, 20 federal agencies and statutory bodies achieved an 86% penetration rate for digital payments.
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On top of that, 8 state governments recorded 46.4 million e-payments, representing 92% of the total 50.2 million transactions between December 1 2023 to November 31 2024.
So…. how did they pull it off?
It’s part of PayNet’s long-term plan to make Malaysia go cashless
PayNet is Malaysia’s national payments network owned by Bank Negara and 11 Malaysian banks.
This means that any form of digital payment, whether JomPAY, DuitNow, or