PUTRAJAYA: Cashless adoption nationwide, under the collaboration between the Finance Ministry (MoF) and Payments Network Malaysia (PayNet), is targeted to reach 95% by 2025, says PayNet Government Digitalisation senior director Firdaus Ghani.
Firdaus said Selangor and Penang have already reached more than 90% with regards to the adoption of cashless payments at government agencies. The penetration of cashless payments in other states like Perlis, Kedah, and Perak are at 60%, 80% and 49%, respectively.
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