KUANTAN, Feb 3 (Bernama) -- Agrobank has extended its Zero Cash Programme to Pahang, which is the bank’s initiative to promote knowledge of financial management and financial digitalisation through daily transactions among college students and higher education institutions.
Agrobank president and chief executive officer (CEO) Datuk Tengku Ahmad Badli Shah Raja Hussin said the programme was developed with a focus on educating college students and instilling a culture of proper money management so that they are more prepared and sensitive to managing finances as well as efficiently conducting digital transactions.
In addition, he said the programme could provide exposure to the correct financial digitisation management techniques among the younger generation and further encourage the involvement of the local community to adopt digital platforms to manage finances.
“It is also an initiative that goes beyond banking and encourages the local community to start learning about the importance of using digital banking in business management, daily buying and selling, and savings,” he said in a statement today.
Earlier, the Zero Cash Programme launch ceremony was officiated by Agrobank’s chief operating officer Zahid Ahmad Zawawi at Tengku Ampuan Afzan Vocational College (KVTAA), Bentong.
So far, a total of 845 residents of the college, consisting of 725 students and 120 staff members and educators, are involved in the KVTAA Zero Cash Programme.
The bank noted that as at Jan 12, 2023, a total of 101 residents of the college have opened a Basic Savings Account-i or Agro BSA-i.
Commenting further, Tengku Ahmad Badli Shah said the college cooperative will function as a mini bank and play the role of a banking agent for Agrobank or better known as AGROAgent.
This is where students and employees can go directly to the cooperative to carry out banking matters such as depositing, paying bills and withdrawing money directly at the cooperative, he said.
“After this, KVTAA students and employees only need to scan the QR code at the cooperative and canteen using their smartphones to make payments for their purchases.
“This concept not only facilitates buying and selling, but it is also easy and fast where students and canteen operators do not need to provide change or balance when they no longer need to make cash payments,” he said.
The CEO also said that for the cooperatives and canteen operators, money from their daily business will continue to be deposited into the business account and they can check the results of daily sales transactions online.
This facility also helps them monitor financial records and more organised accounts management, he said.
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