CIMB Islamic partners Sabah local authorities in JomPAY

  • Business
  • Wednesday, 28 Sep 2016

PETALING JAYA: CIMB Islamic Bank Bhd has teamed up with Sabah local authorities to offer the JomPAY electronic payment that will be used for the payment of assessment fees.

The partnership was announced at the Sabah Local Authority ICT Seminar 2016 in Sandakan yesterday.

The partnership will involve all 23 local authorities in the state.

State Local Government and Housing Minister Datuk Seri Panglima Hajiji Noor (pic) said in a statement that the state’s local authorities would improve their services through the latest move to offer e-payment facilities, besides encouraging innovation and creativity in executing state policies.

JomPAY, Malaysia’s national bill payment facility established and operated by Malaysian Electronic Clearing Corp Sdn Bhd, was implemented as part of efforts to develop e-payment ecosystems and infrastructure that enhance the safety, reliability and efficiency of Malaysia’s financial system.

The benefits of JomPAY for consumers include convenience, security and efficiency.

On the other hand, billers and service providers will be able to automate and digitise the collection process, as well as consolidate multiple banks to one master biller bank, simplifying payment reconciliation through JomPAY.

“JomPAY is part of our full suite of cash management services offered through CIMB Islamic and we hope this will also encourage other Malaysian states to adopt e-payments and our cash management services, which will in turn help boost their efficiency and turnaround time.

“As part of the partnership, CIMB will also launch a six-month campaign on Oct 1 to promote awareness and the adoption of JomPAY to all Sabahans,” said CIMB Group transaction banking group head Hendra Lembong.

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