Bank Islam Partners KiplePay in Cashless Push for UniversitiesFebruary 19, 2020 0 comments
Bank Islam and KiplePay, a wholly-owned subsidiary of Green Packet announced this week that they have teamed up to launch KipleUNI, a programme to drive adoption cashless technologies.
This collaboration integrates the KiplePay app and Bank Islam’s services and enables students to link the credit or debit cards for direct cashless payments within the universities as well as other selected merchants outside the campuses. All e-card transactions via KiplePay app will be facilitated through Bank Islam’s payment gateway service portal.
To-date, KipleUNI programme is live at Universiti Utara Malaysia (UUM) with another 3 – 5 universities coming along in the next few months.
There are 680,000 students in various public universities and more than 200,000 faculty and staff in Malaysia. From this programme, Bank Islam and KiplePay are looking to progressively make KipleUNI programme available to 50% of the campuses.
Mohd Muazzam said,
“Bank Islam is always innovating towards giving added value to our customer across various segments. In our passage to accelerate our digital banking journey, we leveraged on KiplePay’s expertise to provide a platform that enhances customer experience while supporting the Government’s effort in growing the digital economy agenda. KipleUNI programme will be another platform in driving cashless community through universities and student segment. Subsequently, Bank Islam merchants will also benefit from this partnership as the app promotes business growth on both online and offline platform.”
Echoing on the same sentiment, Tan Kay Yen said,
“As a trusted fintech partner to many, we see it as our responsibilities and commitment to enhance the value of our solutions to the students, administrators and merchants at education hubs, campuses and university towns. Our innovative solutions stem from our continuous learning, on ground tests and understanding the specific needs of our communities. It is through this action that we create a robust and holistic ecosystem that promotes the digital lifestyle for the users through KipleUNI programme.”
KiplePay is an approved Bank Negara Malaysia e-wallet issuer where it operates on two fronts, namely a cashless payment gateway for the business and e-wallet for consumers. Both parties stated that they are looking to introduce more joint initiatives the KipleUNI programme in the future.