|
|
|
|
October 26, 2024 -Saturday |
|
|
|
 |
|
|
|
|
AGROBANK LAUNCHES ZERO CASH PROGRAMME IN SCHOOL TO INCULCATE KNOWLEDGE OF CASHLESS TRANSACTION MANAGEMENT AMONG STUDENTS
Tuesday 14/06/2022
Aminuddin Amenon, Chief Development Officer of Agrobank handing over a replica of the debit card to the Excellent Principal of SMKAKL, Hj. Wan Jamaludin Wan Bidin as symbolic of the launch of the Zero Cash Program held in Sungai Buloh, recently. A total of 700 students and staff of SMKAKL schools will adopt cashless transactions practice in school by the end of this year.
KUALA LUMPUR, June 14 (Bernama) -- Agrobank launched Zero Cash Programme (Program Sifar Tunai) among school students to cultivate the habit of saving money and managing cashless (zero cash) transactions as a move to provide the correct knowledge of financial management at early age.
Aminuddin Amenon, Chief Development Officer of Agrobank said, the program was developed by focusing at school level with the objective of inculcating a proper money management culture so that young people are better prepared and smarter to conduct transactions digitally.
“In general, cashless transactions among Malaysians are on the rise due to popular online shopping lifestyle as it is easier for customers to make direct payments without having to physically withdraw money at the bank.”
“Although the concept of cashless transactions is simple and fast, there is no doubt that it may also contribute to overspending if the expenses are not well monitored or controlled. Therefore, it is appropriate to cultivate this awareness while they are still young, with the involvement of parents themselves in monitoring their children's expenses in school,” he said this at the launch of the programme recently.
The program, known as Program Sifar Tunai Jaringan Dan Jalinan Antara Agrobank Bersama Sekolah Menengah Agama Kuala Lumpur (SMKAKL) is the first initiative by Agrobank conducted through a collaboration with the school cooperatives, Koperasi Sekolah Menengah Agama Kuala Lumpur Berhad, which is appointed as an agent for Agrobank in providing banking services to the school community.
Through this programme, parents of students are to deposit a starting amount of RM50.00 into the student's account which is packaged with a personal accident protection scheme under the Takaful Kasih Plus-i product and a debit card for students.
He said, the program which targets about 700 students and school staff will be implemented comprehensively in the school in stages, to use cashless transactions at the school canteen, book shop and teachers' clubs to facilitate various transactions between students and the school.
“Students will only need to carry their debit card to buy food in the school canteen or even buy school equipment and books in the cooperative which will be done through auto debit. This will also make it easier for parents to deposit pocket money for their children and at the same time help them monitor their expenses as all transactions and usage of money can be viewed online. Managing online transactions also help students to discipline their own expenses,” he added.
Aminuddin said, to date, 100 students have opened deposit accounts under this programme, while the account opening 600 students and school staff is expected to be implemented from mid-June until the end of the year.
ABOUT AGROBANK
Agrobank is a leader in agriculture financing and values-based banking based (VBI)* in Malaysia. Established in 1969, Agrobank is actively involved in charting the growth and development of Malaysia’s agriculture industry by offering shariah compliant products and solutions across various customer segments including micro, small, medium and large retail and business customers. Agrobank is a full-fledged Islamic bank since 1st July 2015.
As a market driven, customer centric DFI (Development Financial Institution) with a primary focus on strengthening the agriculture sector in Malaysia, Agrobank strikes an equal balance to its developmental and commercial roles to benefit the agriculture sector. Agrobank provides a comprehensive repertoire of financing solutions for the agriculture community; that includes upstream activities related to primary food and commodities-based agriculture activities to downstream activities such as processing, marketing and distribution of agricultural products.
Agrobank also offers retail banking financing solutions to improve the well-being of the agriculture community. This is done through its network of 207 touchpoints which include 140 branches, 32 kiosks, 19 commercial centers and 16 other touchpoints.
In 2019, Agrobank celebrated its golden jubilee Anniversary, as it marks 50 years of its proud establishment developing the agro industry.
www.agrobank.com.my
*VBI or value-based intermediation is an initiative by Bank Negara Malaysia (BNM) which aims to improve the products and services offered by Islamic financial institutions towards a better facilitation of entrepreneurship, community well-being, sustainable environment, and economic growth, without compromising on shareholders’ returns
Issued by Corporate Communications Department, Agrobank
SOURCE: AGROBANK
FOR MORE INFORMATION, PLEASE CONTACT:
Name: Shahreen Rahim
Section Head of Public Relations
Corporate Communications Department, Agrobank
Tel: 03-2731 1660 (ext 1660) / +6012-943 6217
Email: shahreen.rahim@agrobank.com.my
Name: Rasheffa Rashid
Executive, Public Relations
Corporate Communications Department, Agrobank
Tel: 03-2731 1660 (ext 1650) / +6019-272 9907
Email: rasheffa@agrobank.com.my
--BERNAMA
|
|
|
|
|
|
