Driving towards a cashless Malaysia
Hann Liew, CEO of RinggitPlus | 06 Sep 2019 00:30
The financial services space has been especially lively in the last year, with words such as e-payment, digital wallet, robo advisory, insurtech, and plenty more being thrown about. These can all be clubbed together under the umbrella of fintech, which simply put is an integration of technology and finance.
This marriage between technology and finance has the potential to positively disrupt the financial services space not only for the benefit of consumers and merchants/retailers by bringing in convenience, transparency and efficiency, but also the government in terms of better oversight, monitoring, and cost savings.
Fintech in Malaysia
The fintech industry has been able to establish its footprint in Malaysia because of the strong backing and conducive environment provided by Bank Negara Malaysia (BNM).
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