PUTRAJAYA: A total of 138,817,425 cashless transactions were recorded through the National Cashless Boleh 4.0 Campaign which ended last November.
Deputy Finance Minister Lim Hui Ying said that the recorded transactions accounted for 86% of the total for the 20 government agencies involved, in aggregate.
“As we move towards Cashless Boleh 5.0 this year, I am pleased to announce the additional involvement of over 80 federal agencies in this campaign.
“This is an important step towards strengthening the country’s cashless payment ecosystem,” she said at the award presentation ceremony for the Cashless Boleh 4.0 campaign and the launch of Cashless Boleh 5.0 here yesterday.
The Cashless Boleh campaign, which began in December 2023, is an annual collaboration between Payments Network Malaysia Sdn Bhd (PayNet) and the Finance Ministry, aimed at accelerating the adoption of digital payments in Malaysia’s public sector.
It also aims to encourage the public to use electronic payment methods such as MyDebit, FPX, JomPAY, DirectDebit, and DuitNow QR when dealing with government agencies.
Lim said the Cashless Boleh campaign was an initiative with a significant impact on the national digital financial transformation.
“It also aims to upgrade the country’s digital infrastructure and achieve international standards of excellence.
“Through enhanced security and efficiency in financial transactions, as a result of the effectiveness of this campaign, we are able to modernise the public sector to provide government services that are easier, more transparent and systematic for all Malaysians,” she said, Bernama reported.
Lim said the development of digital payments in the financial sector aligned with the government’s digital transformation, as outlined in the Malaysian Digital Economy Framework, or the MyDIGITAL Economy Blueprint.
MyDIGITAL is an initiative that represents the government’s aspiration to transform Malaysia into a high-income nation driven by digitalisation and to become a regional leader in the digital economy.
“As such, the implementation of cashless payments is a necessity to enhance the security, efficiency and accessibility of services offered by the government.
“It simultaneously makes it easier and helps the public make transactions faster and more securely, whether at the domestic or global level.
“This approach also reflects the Madani economic policy, which prioritises technological progress and openness,” she added.
