KUALA LUMPUR, July 18 — Bank Islam Malaysia Bhd aims to offer customers the convenience of doing financial transactions through mobile remittance and e-wallet platforms provided by two financial technology firms.
BerryPay will provide mobile remittance services to serve foreign worker account holders by bridging them through a unique e-banking system of pseudo bank accounts to other banked and non-banked recipients, and vice-versa. Meanwhile, KiplePay Sdn Bhd is a Green Packet Bhd subsidiary that operates a cashless payment gateway for businesses and an e-wallet for consumers.
“As a start, KiplePay will introduce a new payment channel for Bank Islam via QR , which gives the ability to do mobile reloads as well as in-app marketing to users,” the bank said.