KUALA LUMPUR: Asia Pacific University of Technology & Innovation (APU) has achieved 38 cashless transactions per capita from October to December 2023, amounting to 500,000 cashless transactions since its implementation of cashless payments in all outlets on campus in 2017.
The success of APU's cashless transaction endeavour was evident in the fruitful outcomes of the Digital Campus 2.0 campaign, organised by Payments Network Malaysia Sdn Bhd (PayNet).
The campaigns culmination, held on Jan 18, saw APU crowned as the champion among private higher education institutions (HEIs) for recording the highest cashless transactions per capita.
Tasked with shaping a cashless society, theDigital Campus 2.0 campaign for 2023 assigned each institution's student body to present campaign proposals to PayNet, focusing on fostering the adoption of digital payments within their campus ecosystems.
Dissecting the significance of the numbers, APU Student Representative Council (SRC) president Chung Yu Qin and secretary Chu Kwan Yeu Jovi James, both presented at
the final pitch, highlighted that participating universities were judged based on a transaction per capita and the cost per transaction.
With 28 public and private HEIs participating, over 405,000 students generated 11.8 million online and over-the-counter cashless transactions during the campaign.
The public HEI champion was the Universiti Teknologi Mara's Terengganu branch.
During the PayNet Digital Campus 2.0 campaign;s pitch sessions, the judges acknowledged APU's strong points, particularly the usage of APCard as a self-made digital payment ecosystem alongside PayNet's DuitNow, FPX and JomPay services.