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.
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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.
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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.
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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.
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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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