Mastercard Set to Transform Cyberjaya’s Smart City Into a Cashless Hub

Mastercard, with the help of industry partners, Cyberview Sdn Bhd and Malaysian Global Innovation & Creativity Centre, today reiterates its continued commitment to transform Cyberjaya as a Smart City with a focus on cashless initiatives.

This was cemented following the ‘Launch of the Smart City of Cyberjaya: Innovation Drives the Smart City Transformation’ which was officiated by Prime Minister, Yang Amat Berhormat Dato’ Sri Mohd Najib Tun Haji Abdul Razak.

Mastercard will be offering its global know-how in innovative payment technology and network to increase the digitalization of payments. This is a reflection of Cyberjaya’s high impact agenda in becoming a cashless society, to elevate its foothold as a Smart City.

Ashran Dato’ Ghazi, Chief Executive Officer of MaGIC said, “Cyberjaya has once again demonstrated how it is Malaysia’s entrepreneurial hub and a test-bed for innovative ideas. Today, with the announcement of these pilot programmes we are excited to see real and developmental progress of our tri-party Memorandum of Understanding (MOU) with Cyberview and Mastercard to promote a cashless society in Malaysia. This collaboration is an example of our Corporate Entrepreneurship Responsibility (CER) programme in action, through which we hope to catalyse partnerships between entrepreneurs and players in the corporate sector, as well as power innovation to build Malaysia’s future economy. We hope to see more corporates participating in our CER programme and solve business challenges or confront disruption hand-in-hand with entrepreneurs. Together, we can predict and help solve the business challenges of the future, demonstrating the power of entrepreneurship in creating new value for the future economy.”

Perry Ong, country manager, Malaysia and Brunei, Mastercard said, “E-payments are at the centre of a city’s economic vitality and its integration is crucial to promote a smarter, more sustainable and inclusive space for residents, commuters and local businesses. By leveraging in-depth industry insights and technology expertise, we will work towards enhancing Cyberjaya’s payment ecosystem with a comprehensive suite of simple, safe and smart digital solutions. The implementation will cover various sectors in Cyberjaya such as urban mobility, lifestyle, finance, health, supply chain and education sectors to empower the community to go cashless. This initiative is in line with the government and Bank Negara Malaysia’s vision to transform Malaysia into a leading digital economy and cashless society.”