KUALA LUMPUR (Oct 18): The Malaysian Government wants to intensify and expand e-payment platforms with an emphasis on Government transactions “for good governance and reducing corruption”.
“A cashless payment transaction system would ensure transparency, as well as enable tracing and tracking,” said the Mid-term Review of the 11th Malaysia Plan 2016-2020 report.
“In view of the growing expectations about greater transparency in financial transactions, it is crucial that Government departments modernise payment mechanisms to become more client centric, secure, efficient and transparent,” the report added.
In addition, the Government will also undertake efforts to leverage the potential use of other technologies, including blockchain, although no details were underlined.
Among steps taken by the Government in the first half of the review to facilitate e-payment include the introduction of “Sarawak Pay”, a mobile app by the Sarawak State government to provide a one-stop mobile app payment channel for the public to make payment for bills or purchases via their mobile phones.