Kiplepay, Bank Islam in cashless payment system for universities

File pic: Bank Islam chief executive officer (CEO) Mohd Muazzam Mohamed expects the takeup rate for KipleUNI to reach more than 175,000 university users by end of 2020.

KUALA LUMPUR: Green Packet Bhd’s wholly-owned e-wallet service provider, Kiplepay Sdn Bhd, has partnered with Bank Islam Malaysia Bhd to introduce a cashless payment ecosystem for universities in Malaysia.

Following an agreement between KiplePay and Bank Islam earlier in July 2019 to pursue a new payment channel for the Islamic bank, both parties have launched the KipleUNI programme that is expected to involve four public universities by the first half of 2020.