What new payment terminal has Bank Islam launched in Kelantan?

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Bank Islam Launches New Low-Cost Payment Terminal in Kelantan

Bank Islam Malaysia Bhd has introduced its first low-cost payment terminal, the mobile point-of-sale (mPOS) system, at the Siti Khadijah Market in Kelantan. This initiative aims to facilitate electronic payments for small businesses and encourage the use of debit cards by customers, even in traditional market settings. The bank anticipates a significant increase in its Visa debit card issuance in the state as a result of this rollout.
Introduction of the mPOS System

The mPOS system, approved for use with Visa, provides small businesses in Kelantan with a secure method to adopt electronic payment solutions. Managing director Datuk Seri Zukri Samat highlighted that this technology will enable consumers to shop without the need to carry cash, even at wet markets. This innovation is seen as a step towards greater financial inclusion and convenience for the local population.
Expected Increase in Debit Card Usage

Following the launch of the mPOS terminal, Bank Islam projects its Visa debit card issuance in Kelantan to reach 450,000 by the end of the year. As of May 2013, the bank had already issued 300,000 Visa debit cards in the state. The bank believes that by promoting the mPOS system, more customers will be encouraged to obtain and utilise Visa debit cards for their transactions.
Pioneering Electronic Payments in Traditional Markets

The implementation of the e-payment facility at Siti Khadijah Market marks a significant development, making it Malaysia’s first traditional wet market to adopt such a pioneering program. This move also represents the geographical expansion of electronic payment capabilities beyond metropolitan areas across the country. Bank Islam views this as part of its commitment to innovation and the growth of the Shariah-based financial industry.
Future Expansion Plans

Bank Islam intends to expand the mPOS system to other locations, with Johor Baru identified as the next potential site for implementation, along with two other major cities in Peninsular Malaysia. The bank will assess the public's acceptance of the system before discussing further widespread implementation across more locations. This phased approach allows for evaluation and adaptation based on user experience and demand.

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What new payment terminal has Bank Islam launched in Kelantan?

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