KUALA LUMPUR: Green Packet Bhd, through its subsidiary Kiplepay Sdn Bhd (KPSB), has received approval from Bank Negara to roll out three new features for its e-money business, which will boost its kiplePay e-wallet as it continues to expand its cashless ecosystem offering.
The three new features are a new e-wallet limit of RM10,000 with the issuance of a Visa prepaid card, coupled with the electronic know-your-customer (e-KYC) feature.
As an e-money issuer, the central bank’s approved e-KYC feature is a crucial aspect for KPSB to enforce when offering its e-money products to the market, it said in a statement yesterday.
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