The impact of over-reliance on digital payments is critical towards a country.
The light of cyber security threats and geopolitical concerns among citizens will put the country at risk.
A cashless society like Sweden is facing a potential risk. A sudden down of digital infrastructure will make the country to be in a chaos situation. Thus, government plays a vital role to make sure the digital payment systems is smooth functioning and is highly secured for citizen to use within the country.
OpenGov Asia has reported in early December 2018 that Malaysia's e-commerce landscape is expected to grow exponentially. A roadmap is being pursued by National E-Commerce Council (NeCC) to ensure doubling growth rate of e-commerce and achieving RM 211 billion of GDP contribution by 2020.
E-payment systems will be expanded and allow tracing which reported later in December 2018. Malaysian government will focus on government transactions that is "For good governance and reducing corruption" by intensifying and expanding e-payment platforms.
According to mid-term view of 11th Malaysia plan 2016-2020, cashless transactions systems is ensuring transparency, tracing, and tracking. Government has to modernise the payment mechanisms to make the systems more secure, efficient, transparent, and client-centric in the view of growing expectations on the greater transparency in financial transactions. Efforts to leverage potential use of other technologies such as blockchain willl the carry out by government.
A cashless society like Sweden is facing a potential risk. A sudden down of digital infrastructure will make the country to be in a chaos situation. Thus, government plays a vital role to make sure the digital payment systems is smooth functioning and is highly secured for citizen to use within the country.
OpenGov Asia has reported in early December 2018 that Malaysia's e-commerce landscape is expected to grow exponentially. A roadmap is being pursued by National E-Commerce Council (NeCC) to ensure doubling growth rate of e-commerce and achieving RM 211 billion of GDP contribution by 2020.
E-payment systems will be expanded and allow tracing which reported later in December 2018. Malaysian government will focus on government transactions that is "For good governance and reducing corruption" by intensifying and expanding e-payment platforms.
According to mid-term view of 11th Malaysia plan 2016-2020, cashless transactions systems is ensuring transparency, tracing, and tracking. Government has to modernise the payment mechanisms to make the systems more secure, efficient, transparent, and client-centric in the view of growing expectations on the greater transparency in financial transactions. Efforts to leverage potential use of other technologies such as blockchain willl the carry out by government.
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