ON June 8, 2021, the Ministry of Finance (MoF) announced that payments for all government services would be made cashless by 2022.
This initiative under MyDigital, the nation's digital economy blueprint, envisions the country moving towards a more digitally connected economy.
As of 2020, digital transactions accounted for 60 per cent of the money collected by the government.
Now, many government agencies have implemented cashless payment options, in at least one form or another.
Thanks to cashless alternatives like MyDebit, FPX, JomPAY, DirectDebit and DuitNow QR, users can spend less time queuing up at payment counters, avoid the hassle of carrying cash as well as ensure all transactions are secure and recorded.
Here's a look at some of the government agencies and the cashless payments they accept at the counter or through online banking.
GOING CASHLESS
As the country moves towards digitalisation, there are more and more options available for users to make cashless transactions at government agencies.
MyDebit is a payment service using ATM cards that enables customers to make payments or purchases securely by entering their PIN number or tapping the card at retailers' Point-of-Sale (POS) terminal using funds debited from the customer's account.
DuitNow QR is a service that allows customers to make payments using any participating bank or e-wallet app by scanning the national QR code (DuitNow QR).
Both these options allow users to make payments at the counter. On top of that, users can also pay through these online banking methods below.
JomPAY is a service that allows customers to pay any bill to participating billers through the Internet or mobile banking service using funds from their savings, current or credit card account.
FPX, on the other hand, is an online payment solution that allows customers to make payments to participating merchants for their purchases online via Internet or mobile banking, using funds from their savings and current account.
Lastly, DirectDebit is a service that allows customers to make automated recurring bill payments directly from bank accounts upon setup and authorisation by customers.
Whether it's settling traffic summons at the police department (PDRM) and Road Transport Department (JPJ), or paying a late payment penalty fee at the Inland Revenue Board of Malaysia (LHDN), users can now rely on cashless payment options for added convenience.
CASHLESS BOLEH 2
From now until May 31, 2022, users will stand a chance to win RM10,000 by using cashless payments at these locations.
Just pay with an ATM card or scan DuitNow QR at the counter, or use online banking options like JomPAY, FPX or Direct Debit to enter this giveaway.
Find out more about the Cashless Boleh 2 campaign on PayNet's website today.