KUALA LUMPUR: Bank Negara Malaysia recorded a total of RM11.5bil in cashless payment transactions last year thanks to the availability of 4G and 5G coverage and internet services throughout the country, the Senate was told on Wednesday (March 27)
The Cashless Everywhere initiative by the General Insurance Council and insurers like Bajaj Allianz aims to provide hassle-free access to quality healthcare at any hospital, reducing financial burdens and ensuring prompt medical assistance for policyholders.
Mohammad Arif Hossain, CEO of payment service provider Dmoney, said if the government gives merchants a 1 percent incentive and customers a 2 percent cashback, it could yield big results.