The Smart Sabah Initiative has kicked off its first phase - Sabah Pay, after 
State Government has given Sabah Credit Corporation (SCC) the mandate to set up 
the State e-wallet September last year. Running on Sunline's Digital Banking 
Technology, the initiative will ultimately enable the State to support a 
powerful smart finance platform.

Photo - https://photos.prnasia.com/prnh/20200212/2717246-1 

The underlying foundation of Sabah Pay is inclusion and diversity, designed and 
developed for all walks of life, including the unbanked. The main feature of 
the first phase of Sabah Pay is the centralization of cash collection for Sabah 
State Government, enhancing the State's services delivery system via waste 
reduction, conveniences and improved efficiency. In the coming phases of Sabah 
Pay, digital lifestyle services like eKYC, virtual account, virtual financing, 
smart loan, multiple payment channels, e-parking, e-ticketing and more will be 
available. 

As stated by CEO of SCC, George Taitim Tulas, "The key to a real Smart City is 
to enable services efficiency and ultimately improve the life of the citizens. 
Therefore, Sabah Pay is not only an e-wallet that allow cashless payments, but 
also the first step towards providing seamless financial services."

CEO of Sunline Overseas Business, Matthew Chen also stated, "Sunline is honored 
to partner with SCC in the Smart Sabah Initiative. We believe our experience as 
well as continuously efforts and commitment in offering the most innovative 
technology advancements will help make Smart Finance for Sabah a reality."  

In the digital era, users are expecting seamless financial services available 
anytime, everywhere. The growing competitions from Fintechs and an increasing 
array of new regulations are also driving traditional financial institutions to 
transform, in order to stay ahead in the competition.    

Sunline, pioneering innovations with the first JAVA based Core Banking System 
and Digital Banking System in China since 2002, has the largest installed base 
for both Core and Digital Banking System in the country. Sunline's Digital 
Banking Solution empowers financial institutions transform the way they do 
business, allowing them to build a comprehensive digital ecosystem and remain 
top performing in the digital era. 

In line with Malaysia Government's Economic Transformation Program and Bank 
Negara Malaysia's (BNM) vision of cashless society and virtual banking, Sabah 
State is taking the first step in initiating Smart Finance and Sunline is proud 
to play a major role in this initiative.

SOURCE: Sunline