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All payments for govt services to be made on cashless basis by 2022

by moneycompass
June 8, 2021
in Local Market News
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KUALA LUMPUR – The Ministry of Finance (MoF), under the recently launched MyDigital, will ensure that payments for all government services will be made on cashless basis by 2022, its Minister, Tengku Datuk Seri Zafrul Abdul Aziz said.

He said this will lead to higher transactional security, better coordination, enhanced communication on anti-corruption initiatives, and greater ease of sharing information.

MyDigital is the nation’s digital economy blueprint — envisioning how the country will move towards a more digitally connected economy on the Industrial Revolution 4.0 (IR4.0) path.

“As at the end of last year, 60% of the government’s total collection was through e-payment,” he said in his speech when officiating the Malaysian Institute of Accountants (MIA) Conference 2021 today.

Tengku Zafrul said the government has worked continuously to ensure good governance, more efficient and effective public service delivery, as well as curbing leakages, fraud and corruption.

So far, the government has pushed for digitalisation on various ends, including modernising the public service delivery and curb corruption, as this will reduce direct contact points between citizens and public officials.

Tengku Zafrul said the government has shifted to electronic identification cards and biometric proof of identity for identification of citizens, expediting direct government assistance to ensure inclusiveness, accessibility, transparency and accountability.

So far direct aids have been done mostly on a cashless basis, where application and payments for Bantuan Prihatin Rakyat and Geran Khas Prihatin are made electronically and online.

 

Read more: Asia Pacific e-commerce sales forecasted reaching US$2 trillion by 2025

Tags: Ministry of Finance (MOF)MyDigital
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