Agrobank plans to make Kundasang fully cashless with their ‘Cashless Community’ program

Compared to how it was back then, it’s harder to find people carrying cash around these days, since most things can be paid for with just your mobile phone. And while you may see most vendors here in semenanjung opting to go fully cashless, there are still areas in Malaysia that may still be catching up to the trend.

As such, Agrobank has recently announced their Cashless Community Program, in collaboration with PayNet and Bank Negara Malaysia (BNM) which was launched at the Pentas Budaya in Kundasang last Sunday. This event was officiated by Deputy Chief Minister II Datuk Seri Panglima Dr. Joachim Gunsalam, who then announced that…

Kundasang has been declared as a Cashless Region

In alignment with the Sabah state government’s vision to enhance digital payment adoption and access throughout the state, the Cashless Community Program by Agrobank is part of a broader initiative under the Malaysia Digital Economy Framework and the Financial Sector Blueprint 2022-2026.

These frameworks aim to accelerate the adoption of digital technology and drive economic and financial
transformation nationwide.

““We at Agrobank are thrilled to be part of this transformative journey towards a
cashless society in Sabah. The Cashless Community program is a testament to our commitment to enhancing digital payment accessibility for all. By educating local residents and traders on the use of online and QR payments, we aim to create a more efficient, transparent, and inclusive economy. We look forward to expanding these initiatives to more areas across Sabah, ensuring that every community can benefit from the convenience and security of digital transactions.” – Dato’ Tengku Ahmad Badli Shah Raja Hussin, President/CEO of Agrobank

This initiative commenced with the Program Penjaja Cashless at the in Kota Kinabalu in October 2023 and continued in Keningau in February 2024. With that, the Cashless Community program launch in Kundasang is hoped to be another step towards creating a seamless, efficient, and transparent economy for all Malaysians through digital payments.