KUALA LUMPUR: Utilising the cashless system in the country can reduce corruption, according to Finance Minister Lim Guan Eng (pix). “Corruption happen...
Utilising the cashless system in the country can reduce corruption, according to Finance Minister Lim Guan Eng“Corruption happens because of money. Practising the cashless system makes it easy to trace corruption as it has a paper trail,” he said in his keynote speech at the We Chat Pay launch today.
The decrease in use of cash is attributed to the wider application of mobile and online payments in Malaysia. Hence, he said it has attracted China’s Tencent International Business Group, the owner of the WeChat platform, to choose Malaysia as its first business expansion destination outside China.
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