Prime Minister Datuk Seri Anwar Ibrahim is confident the target of 400 e-payment transactions per capita can be achieved earlier than the original target of 2026 through the efforts by digital banks.
In his speech in conjunction with the inauguration of the digital bank, Boost Bank on Thursday (June 6), Anwar, who is also the Finance Minister, also said serious efforts should be made to ensure that the people are able to assimilate "digital literacy" in order to take advantage of the latest technological developments including artificial intelligence.
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In his speech in conjunction with the inauguration of the digital bank, Boost Bank on Thursday (June 6), Anwar, who is also the Finance Minister, also said serious efforts should be made to ensure that the people are able to assimilate "digital literacy" in order to take advantage of the latest technological developments including artificial intelligence.
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NewsTranscript
00:00Alhamdulillah, namaduhu wa rasuluhu wa ala rasuluhu
00:05Indeed, there has been an increase since 2011.
00:07We have seen an increase in per capita transactions,
00:13but it is still low.
00:16Therefore, it is our responsibility together,
00:18and I would like to congratulate Kesiata and RHB,
00:22who have also helped,
00:25because the target has been set,
00:28which is 400 transactions per capita,
00:32in 2026.
00:34This is not too high a target,
00:41difficult to achieve.
00:43I even expect,
00:45if we have a stronger hope
00:48to save our nation and country,
00:51we have to achieve it earlier than that.
00:54Therefore, from now on,
00:56there must be a real movement,
00:59and I hope the family in this boost bank,
01:03Kesiata, RHB,
01:06as the pillar,
01:08must go down and spread,
01:13so that this ease
01:15will be benefited by PMKS,
01:18a small and simple micro-enterprise,
01:21which is our priority.
01:23But also to the majority of the people.
01:26Through this initiative,
01:28this boost bank,
01:30it has to reach its users,
01:34their understanding.
01:36So I suggest,
01:38I'm not a banker, fortunately.
01:43So, I'm sorry
01:46if I try to give an additional view.
01:49If other banks give
01:51the usual information,
01:54to the users,
01:56banks also have to,
01:58through this digital relationship,
02:02inform the users
02:04about what it is,
02:05new developments,
02:07what are the digital specialties,
02:10what is the education program,
02:13what is it called,
02:15in the past, it was called,
02:20it was called,
02:22cultural specialties,
02:26financial specialties.
02:30This means,
02:32digital specialties.
02:36So, can we accept this task,
02:40which I believe will not burden
02:43in terms of the finance of the boost bank,
02:46but will give,
02:49it is considered to be a task.
02:52I believe Sudarga Bin Singdio
02:56will help, through your ministry,
02:59to provide some ideas,
03:01suggestions,
03:03so that the launch of this boost bank
03:05is meaningful.
03:06In terms of new discoveries,
03:09one that is a bit sophisticated,
03:12but it also means,
03:15a new era,
03:17in the world of banking,
03:20which is called digital banking,
03:22and then it can run,
03:26with a circle,
03:29to the majority of the people.
03:33Because we have to understand,
03:36we talk about digital AI,
03:40but let's not assume,
03:43everyone understands,
03:45but they understand in a practical way,
03:49they don't understand in terms of theory,
03:51and they use this facility.
03:53And we also easily introduce,
03:56and give additional benefits.
03:59The digital transformation is huge,
04:02and the task is,
04:05to give them,
04:06so that they are more busy to see,
04:09a new development,
04:10and a new world.
04:12And if there is social media,
04:14they use it to give additional,
04:17what was it called?
04:19Digital innovation.
04:24We used to say,
04:27economic literacy,
04:28financial literacy,
04:30cultural literacy,
04:32now,
04:33digital literacy.
04:36This is the responsibility of the Bank.
04:39So, in just 6 months,
04:41I want to see the report,
04:42what happened?
04:52I don't know,
04:53why did the Minister of Infrastructure,
04:54come as hard as the official?
04:57It's all the same.
05:00So, in 6 months,
05:04the Minister of Digital,
05:05will issue a special report,
05:10which is done by the Bank,
05:12and the report will be issued in the Cabinet.
05:35Thank you.