Three more public universities are going cashless with the launch of KipleUNI, an electronic financial payment facility by Bank Islam Malaysia Bhd and KiplePay Sdn Bhd.
Students and staff can now link their credit or debit cards for direct cashless payments on campus, and selected merchants outside the campuses with exclusive rewards and offers.
The seamless cashless integration within the KiplePay app and Bank Islam payment services is set to roll out in Universiti Teknologi Mara (UiTM), Universiti Teknologi Melaka (UTeM) and Universiti Putra Malaysia (UPM) within the next few months.
Following the cashless campus system being initiated at Universiti Utara Malaysia (UUM) last year, KiplePay and Bank Islam hope to expand their financial technology initiative to at least 50 per cent of the Malaysian public universities nationwide.
Bank Islam chief executive officer Mohd Muazzam Mohamad said the collaboration aimed to promote the national digital economy agenda in the campus ecosystem.
“By tapping into the youth, we believe that KipleUNI not only serves as another mode of electronic financial payment facility provided by the bank, but it also meets the market demand for a curated, seamless, quick and safe payment transaction.
“Its services include on-campus payments, facilities bookings, mobiles reloads and peer-to-peer transfers. With KipleUNI, students who receive the National Higher Education Fund Corp’s (PTPTN) financial support through Bank Islam accounts can enjoy and use the efficiency of cashless payments through their linked card,” said Muazzam.
KiplePay chief executive officer Tan Kay Yen sought to continue promoting the cashless system and financial literacy among university students.
“At UUM, we have seen 70 per cent of the student population downloading the app.
“We also have an experience centre on campus, where we bring in our partners to help with the university’s digital journey.
As a trusted financial technology partner to many, we have further cemented our commitment to enhance the value of our solutions to the students, administrators and merchants at our education hubs, campuses and university towns.
“Our innovative solutions stem from our continuous learning, on ground tests and understanding the needs of our communities. It is through this action that we create a robust and holistic ecosystem that promotes the digital lifestyle through KipleUNI.”
Tan highlighted several new features set to be released over the next few months.
“These features include e-KYC with digitital student IDs, e-fund distribution, e-bus service payments, e-attendance, and many other university services that reside within the ecosystem.
“We look forward to working closely with Bank Islam to push the boundaries of a cashless and digital ecosystem so that universities can become digitally-enabled institutions.”
Present at the launch was PTPTPN chief executive officer Ahmad Dasuki Abdul Majid.