The Authority for Info-communications Technology Industry of Brunei Darussalam (AITI) and Beep Digital Solutions recently signed a Memorandum of Understanding (MoU) to develop and implement the Cashless Society Pilot Programme.
The programme will be rolled out in the next six months with the provision of training and incentives to the three targeted markets namely; paid parking lots, laundromats and convenience stores – which would allow them to adopt and deploy a digital payment system for cashless transactions in their respective premises.
The signing of the MoU marks the commencement for the implementation and deployment of this programme, said AITI in a statement.
“Innovation in digital payments have grown tremendously as the use of contactless credit cards, digital wallets, wearable technology and biometric authentication is becoming more common and embedded in our daily lives,” it said.
Payment experiences are already being redefined to provide greater convenience, seamlessness and added security, helping to shape smarter and more inclusive societies.
The advancements in cashless payments in Brunei are progressing steadily. As the country continues to pursue its Smart Nation agenda, the adoption of digital payment needs to be accelerated within the society in order to achieve significant progress and embrace the digital economy activities. The goal is to create a safe and connected society beyond cash, across the nation.
Based on the e-Commerce Survey for Consumers in Brunei Darussalam conducted by AITI in 2018, it was reported that 84 per cent of e-Commerce users in Brunei preferred credit or debit card to pay for online purchases.
Meanwhile, some preferred the use of online bank transfers and e-Wallets, whereas 19 per cent of respondents are using offline payment or cash on delivery.
“It is hoped that with increased accessibility to cashless payments in the selected merchants through this programme, more consumers would be getting on board to adopt the usage of various digital payments available in both physical stores and in their e-Commerce transactions,” added AITI.
Signing on behalf of AITI was Acting Chief Executive Ir. Haji Jailani Haji Buntar, with Deputy Chief Executive (Development) Julianah Hj Ali Ahmad as the witness.
Beep Digital Solutions was represented by its Director Haji Malai Faizulrizal Haji Malai Ali, and Director Dzaidenny Muslim as the witness.
For more information about this programme, please contact AITI at 2323232 or via email at email@example.com. – Analisa Amu
The Bruneian | BANDAR SERI BEGAWAN