Sabah Teams Up with Boost to Launch its Own E-Wallet, Sabah Pay
by Fintech News Malaysia February 12, 2020Sabah Credit Corporation on Tuesday launched Sabah Pay in collaboration with Boost. The launch of Sabah Pay is part of the state’s Smart Sabah Initiative, in the said initiative the Sabah government has given Sabah Credit Corporation a mandate to set up the state’s e-wallet solution.
Sabah joins other state governments who have recently launched their own digital payments solution namely Selangor’s CePAT and Sarawak’s Sarawak Pay.
The newly launched e-wallet is developed by Sunline International and it is running on their digital banking technology platform. Founded in 2002, Sunline International is a banking software vendor headquartered in China.
At the time of launch, there are 27 state government related agencies and 28 businesses accepting Sabah Pay. According to their press statement, they are aiming to have 60% of state government related agencies’ collection to be done through Sabah Pay by 2020. They are also eyeing to onboard 100,000 users within the same timeline.
In the coming phases of Sabah Pay, they are looking to introduce features like digital onboarding, virtual account, virtual financing, smart loan, multiple payment channels, e-parking, and e-ticketing.
Image Credit: Borneo Today
