To drive Brunei Darussalam’s aspiration of becoming a highly developed and cashless economy and create a more tech-savvy and cost-friendly business environment, Bank Islam Brunei Darussalam (BIBD) is showcasing its hi-tech digital payment solutions and capabilities via BIBD NEXGEN at the ongoing TechXpo 2019.
As the Official Partner Bank for the expo, BIBD aims to encourage visitors to use and experience all the cashless payment methods powered by BIBD NEXGEN.
Some of the digital and cashless payment solutions available at the TechXpo 2019 include BIBD QuickPay, contactless cards, Progresif Pay and its latest cashless payment initiative, the BIBD Wave.
“We want our customers and visitors to enjoy and try out our convenient and hassle-free digital and cashless payment solutions,” BIBD Head of Retail Banking Group Hajah Nurul Akmar binti Haji Jaafar said of the bank’s drive to promote cashless payments at the tech exhibition. “Cashless payments also give more security as shoppers can carry less cash and this eliminates a lot of risks associated with carrying cash.”
Minister of Transport and Infocommunications Dato Seri Setia Awang Abdul Mutalib bin Pehin Orang Kaya Seri Setia Dato Paduka Haji Mohd Yusof also toured the BIBD booth.
Bank officials shared statistics on the growth of digital payment transactions and the increasing rate of user adoption of BIBD’s digital and mobile payment solutions.
BIBD is also offering fee waivers on financing products and credit cards as well as corporate gifts when customers sign up to products and services at the expo.
The BIBD NEXGEN platform showcases the bank’s intent to transform traditional banking to the fintech age, while at the same time promoting strategic partnerships among different industries and going beyond Brunei’s shores with regional and international partnerships.
This is in line with the ‘Digital Payment Roadmap for Brunei Darussalam’ launched late last year by Autoriti Monetari Brunei Darussalam (AMBD), the country’s financial industry regulator and central bank.