Agrobank Leads The Way In Making Kundasang A Cashless Community
KUNDASANG, SABAH, 2 JUNE 2024 – In a significant stride towards digital transformation, Agrobank, in collaboration with PayNet and Bank Negara Malaysia (BNM), officially launched the Cashless Community program at the Pentas Budaya in Kundasang, today. This groundbreaking event, officiated by Deputy Chief Minister II Datuk Seri Panglima Dr. Joachim Gunsalam, marks the declaration of Kundasang as a cashless region, in alignment with the Sabah state government’s vision to enhance digital payment adoption and access throughout the state
The Cashless Community Program by Agrobank is part of a broader initiative under the Malaysia Digital Economy Framework and the Financial Sector Blueprint 2022-2026. These frameworks aim to accelerate the adoption of digital technology and drive economic and financial transformation nationwide.
The initiative commenced with the Program Penjaja Cashless at the Api-Api Night Market in Kota Kinabalu in October 2023 and continued at the Sook Market in Keningau in February 2024. Today’s launch in Kundasang is another step towards creating a seamless, efficient, and transparent economy through digital payments.
President/Chief Executive Officer of Agrobank, Dato’ Tengku Ahmad Badli Shah Raja Hussin stated that “We at Agrobank are thrilled to be part of this transformative journey towards a cashless society in Sabah. The Cashless Community program is a testament to our commitment to enhancing digital payment accessibility for all. By educating local residents and traders on the use of online and QR payments, we aim to create a more efficient, transparent, and inclusive economy. We look forward to expanding these initiatives to more areas across Sabah, ensuring that every community can benefit from the convenience and security of digital transactions.”