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Towards a Cashless Society

23 mins·08:07, 9 Mar 2016
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Towards a Cashless Society

23 mins
·
08:07, 9 Mar 2016
·

Bank Negara is in the middle of a 10-year financial blueprint to ‘modernise the payment landscape’ by 2020. They want see greater use of debit cards, displacement of cheques and more ubiquitous use of e-payments. The end result of this is disinflation: lower costs of credit/debit cards, a more fluid transaction process and generally lower costs of doing business.

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