KUALA LUMPUR: Prime Minister Datuk Seri Anwar Ibrahim has recently unveiled a promising economic initiative that’s set to make a significant impact on the lives of Malaysian citizens. It’s all about empowering the people and fostering a cashless society through the ingenious use of e-wallets.
Under this compelling plan, every Malaysian citizen aged 21 and above, earning an annual wage of RM100,000 or less, is in for a delightful surprise – a whopping RM100 e-wallet incentive straight from the government’s coffers. This generous gesture is inspired by the resounding success of previous e-wallet credit rollouts, which have proven to be nothing short of triumphant.
Anticipated to benefit approximately 10 million Rakyat, with a primary focus on both the B40 and M40 groups, the overall allocation for this initiative is set to reach an astounding billion-ringgit mark. Such a significant financial allocation demonstrates the government’s sincere dedication to uplifting those in the lower and middle-income brackets.
Highlighting the achievements of the eBeliaRahmah (eBR) programme, Anwar was quick to emphasize its multifaceted triumph. Not only did it extend a helping hand to two million youths, but it also played a vital role in bolstering the business sector’s income. The brilliance of e-wallets was evident as it facilitated swift and secure transactions, paving the way for a thriving cashless society.
The eBR programme, introduced during the Budget 2023 announcement, allocated a considerable RM400 million and disbursed a one-off RM200 e-wallet credit to eligible recipients aged 18 to 20 or those diligently pursuing higher education.
While the precise details concerning the distribution of the RM100 e-wallet incentive have yet to be fully divulged, it’s highly likely that the tried-and-tested registration and payout process from the eBR programme will come into play once again. Simplicity and efficiency are key, after all.
As the country ventures into this innovative framework called Ekonomi Madani: Memperkasa Rakyat (Madani Economy: Empowering the People), the future looks promising for Malaysians from all walks of life. This forward-thinking approach not only demonstrates the government’s commitment to ensuring financial inclusion but also lays the foundation for a more digitally advanced and financially secure society.
Source: Malay Mail