Digital Ecosystems to Serve the Underserved market

In the age of hyper-convenient experiences, companies are sprinting to provide new innovations that can allow consumers to complete their daily tasks in the most hassle-free ways. KiplePay, a brand under Green Packet Bhd, has this as its ethos — to get life-improving digital innovations into the hands of the masses.

KiplePay started its journey of creating cashless communities in Malaysia with a focus on students and the education sector, a community that is largely underserved in Malaysia. Its years of work within that community paid off as the company now powers cashless agenda and digitalisation of multiple Malaysian public universities.

Its continuous mission to unify students’ experience within a single digital platform began with the core of digitalisation in payments via getting in-campus merchants to go cashless as well as digitalising student loan disbursements and zakat payments.

It formed a partnership with Bank Islam, the country’s largest Islamic bank, to launch KipleUNI, a cashless payment ecosystem for universities in Malaysia. Today, KiplePay remains one of the few fintech partners in Malaysia to facilitate fund disbursement under specific state welfare programmes.

KiplePay is licensed by Bank Negara Malaysia to build white-labelled ewallet solutions for Malaysian enterprises and, in a natural progression to support its vision of digitalising services that are offline to online, KiplePay has recently added electronic know-your-customer (e-KYC) services to their portfolio. “The big picture, long-term objective of KiplePay is to enable cashless communities by providing a unified payment solution for the masses. Therefore, the e-KYC business comes in handy, as it provides a great advantage for a truly online customer onboarding experience,” says Kay Tan, CEO of KiplePay Sdn Bhd.

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