KUALA LUMPUR: Bank Islam Malaysia Bhd through its appointed direct debit agent, InfaqPay, now offers an e-Mandate facility, a platform for the collection of recurring payments.
The latest solution will facilitate customers registered as merchants with InfaqPay to carry out recurring payments such as utilities, insurance premium, association membership, zakat and donation, directly from their customers’ accounts on a fixed schedule.
The new facility is available for various merchants, covering the non-governmental organisations, associations and clubs, government agencies, small and medium enterprises, mosques and schools, it said in a statement yesterday.
Bank Islam chief executive officer Mohd Muazzam Mohamed said through e-Mandate, the management of recurring payment is handled directly by merchants, making this method simple, safe and user-friendly, while saving time and energy.
Since its introduction on April 27, 2021, InfaqPay now has over 20 registered merchants, recording more than 3,000 transactions so far. — Bernama
Bank Islam targets to attract 40 new merchants and reach 30,000 transactions by end-2021 through aggressive promotion of e-Mandate in the market.
Mohd Muazzam said to further expand the e-Mandate facility to other segments, the bank is ready
to collaborate with more direct debit agents nationwide.
For further information on e-Mandate service, those interested can call 03-26900900 or 016-9000755 (Deposits and Cash Management Department, Bank Islam) or email firstname.lastname@example.org. -- Bernama