Adopt cashless payment model to stop corruption: Dr M
Putrajaya wants to widen the use of cashless payment systems as this would help hinder corruption and in turn help reduce the rakyat's cost of living, Prime Minister Dr Mahathir Mohamad said today.
Mahathir elaborated that every financial transaction through a cashless system would be recorded, enabling authorities to track down those who commit corruption.
"The government is looking at ways to introduce the cashless system (towards being) a cashless society...
Putrajaya wants to widen the use of cashless payment systems as this would help hinder corruption and in turn help reduce the rakyat's cost of living, Prime Minister Dr Mahathir Mohamad said today.
Mahathir elaborated that every financial transaction through a cashless system would be recorded, enabling authorities to track down those who commit corruption.
"The government is looking at ways to introduce the cashless system (towards being) a cashless society.
"When we use cash, sometimes it is used for bribes and such. So when we go cashless, it would be hard for them to give bribes to anyone, as everything would be recorded.
"Every single transaction will be recorded by banks and other systems, and thus we would be able to tell who is giving bribes and who receives them," he said.
The prime minister was speaking at the launch of the My100 and My50 Unlimited Travel Pass scheme in Kuala Lumpur this morning.
Reducing living costs
Mahathir said rampant corruption would cause a steep rise in living costs, and this is what the government is trying to overcome through its various initiatives.
"If there is no corruption, surely the cost of living will go down.
"On the contrary, if we see rampant corruption happening in our country, then every business undertaking would incur more costs as we have to pay such and such amount to whomever that has the power to give approvals," he said.
Mahathir touched upon the benefit of a cashless system concerning corruption while speaking about the unlimited RapidKL transport pass, which is an initiative by the Transport Ministry.
The pass, exclusive to Malaysian citizens, would allow subscribers unlimited access to RapidKL transportation modes by paying a monthly fee of RM100 (for both bus and rail services), and RM50 (for only bus services).
Subscribers would only need to use their MyKad or MyTentera identity cards to access the services starting next year.
Mahathir said he believed that the Pakatan Harapan initiative would be able to benefit many commuters who use the public transport, especially those who work and live in the Klang Valley.
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