| INFOCOMM DEVELOPMENT CENTRE (iDEC)

Wow Cashless Lifestyle!

SERDANG January 21, 2020: The digital wave is now benefiting the general public. All things are getting easier including ordering food, buying groceries and other necessities. Everything is now at your fingertips and you do not have to step into the bank to make a payment as it can be done using a smartphone or card application.

The e-wallet market is growing and also supports the functionality of electronic payments, money exchange and QR scripts. E-wallets can be used in various payment, retail, food and beverage platforms, electronic trading and Peer-to-Peer transfers.

The use of this technology has changed dramatically as the concept of carrying cash has turned to full use of digital methods. The use of flexible, secure and fast card to make payment arrangements is accepted worldwide.

Foreign currency withdrawals at overseas ATMs (which have Visa services at fixed rates and subject to bank charges), can be made while traveling. This makes it easier for users and saves time for foreign exchange transactions.

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