Serba’s IT arm is one step closer to becoming a non-bank e-money issuer
BANK Negara Malaysia has in principle given a green light to the proposal by Serba Dinamik IT Solutions Sdn Bhd’s (SDIT), the information technology arm of Serba Dinamik Holdings Bhd, to expand its e-money usage beyond parking.
For the record, SDIT has pioneered the Qwik Pay parking solution which is deemed the latest ticketless and cashless payment system in town.
An app that utilises QR (Quick Response) codes to replace cash, Qwik Pay is itself an e-wallet platform that focuses primarily on payment for parking. However, users may also use Qwik Pay to make payments for shopping, dining and other amenities.
Additionally, Qwik Pay is integrated with major banks and various e-money vendors in order to provide ease of use to our ever growing database. Aside from being a smart parking solution system, Qwik Pay also possesses several other features such as e-wallet service.
In a response to SDIT’s application to expand Qwik Pay into the realm of retail merchants and cash top-up, BNM said it has no qualm that users can make payment for retail purchasers, including at Perbadanan Perwira Niaga Malaysia (PERNAMA) and the Selangor Tithe Board.
Currently, more than 100 PERNAMA marts are using Qwik Pay solution by the label PNPAY. Moving forward, an estimated 500 to 1,000 restaurants aligned to PERNAMA will also be relying on similar Qwik Pay solution by end-2022
Delving more into Qwik Pay, BNM noted that SDIT is also free to offer cash top-up but subject to the following terms and conditions:
Meanwhile, Serba Dinamik’s head honcho Datuk Dr Mohd Abdul Karim Abdullah has hailed the latest response from the central bank as “not only enabling Serba Dinamik to be at par with other existing e-pay players but to capitalise on a potentially profitable revenue stream”.
“Currently SDIT is working closely with state government namely Malacca, Pahang and Perlis,” he told FocusM. “SDIT shall ensure compliance with the requirements imposed previously by BNM as well as any relevant requirements or standards issued by the central bank.”
Above all else, the central bank also insisted that all e-wallet operators in Malaysia must establish adequate governance and operational arrangements by including measures to ensure safety, security and operational reliability of the e-money, including contingency arrangements.
For example, BNM stipulated that e-wallet funds stored must be placed in a trust account (ie M Trustee Bhd) that can only be used for two purposes: (i) refunds to users and (ii) payment to merchants. – Nov 2, 2021
aiyoyo, that is why i call her Cikgu Mabel, not everyone can become cikgu leh , hehehehe ------------------------------------------------------------------------------- amateurJR Mabel in pembohong list. Haha! Mabel not pembohong, just good in talk cock. 03/11/2021 2:40 PM
Goner ?? Delisted ?? PN17 ?? Brankrupted ?? Sinking ?? Is it Really ???! Wakaka … all the nonsenses to create the panic ~~ Got to ask why is there still so many secret admirer stalking the forum even the counter is suspended?? what is their purpose ?? Still wanting to come in ?? I guess when secret admirer dont get what they want, they will stalk until they get it !! LOL
Posted by OpporturnityHunter > Nov 3, 2021 1:01 PM | Report Abuse
Honesty, hehehehehe, you are direct admirer or secret admirer leh ? hehehehe, you come here every days leh, or you are his lover , hehehehehe ---------------------------------------------------------------------------------------------------------------------
Honesty See a lot of non supporters who come here everyday to comment about their concern!! Serba is really that attarctive !! Well done Karim… you not only have direct admirer but also secret admirer!! Wakaka 03/11/2021 12:57 PM
01-Nov-2021 Insider DATO' DR IR. TS. MOHD ABDUL KARIM BIN ABDULLAH (a substantial shareholder) disposed 12,817,020 shares on 29-Oct-2021. 01-Nov-2021 Insider DATO' DR IR. TS. MOHD ABDUL KARIM BIN ABDULLAH (a substantial shareholder) disposed 14,720,336 shares on 28-Oct-2021. 01-Nov-2021 Insider DATO' DR IR. TS. MOHD ABDUL KARIM BIN ABDULLAH (a company director) disposed 12,817,020 shares at 0.180 on 29-Oct-2021. 01-Nov-2021 Insider DATO' DR IR. TS. MOHD ABDUL KARIM BIN ABDULLAH (a company director) disposed 14,720,336 shares at 0.155 on 28-Oct-2021.
Thinking is the same CEO who is selling SCIB also?
risingstar21 And i also think Karim is a real clever businessman
Yes, I agree. He has hung so many ikanbilis out to dry. A very long winter is on the cards for Serba - he needs something to munch on during that time.
#UncleFollower Serba’s IT arm is one step closer to becoming a non-bank e-money issuer
BANK Negara Malaysia has in principle given a green light to the proposal by Serba Dinamik IT Solutions Sdn Bhd’s (SDIT), the information technology arm of Serba Dinamik Holdings Bhd, to expand its e-money usage beyond parking.
For the record, SDIT has pioneered the Qwik Pay parking solution which is deemed the latest ticketless and cashless payment system in town.
An app that utilises QR (Quick Response) codes to replace cash, Qwik Pay is itself an e-wallet platform that focuses primarily on payment for parking. However, users may also use Qwik Pay to make payments for shopping, dining and other amenities.
Additionally, Qwik Pay is integrated with major banks and various e-money vendors in order to provide ease of use to our ever growing database. Aside from being a smart parking solution system, Qwik Pay also possesses several other features such as e-wallet service.
In a response to SDIT’s application to expand Qwik Pay into the realm of retail merchants and cash top-up, BNM said it has no qualm that users can make payment for retail purchasers, including at Perbadanan Perwira Niaga Malaysia (PERNAMA) and the Selangor Tithe Board.
Currently, more than 100 PERNAMA marts are using Qwik Pay solution by the label PNPAY. Moving forward, an estimated 500 to 1,000 restaurants aligned to PERNAMA will also be relying on similar Qwik Pay solution by end-2022
Delving more into Qwik Pay, BNM noted that SDIT is also free to offer cash top-up but subject to the following terms and conditions:
Meanwhile, Serba Dinamik’s head honcho Datuk Dr Mohd Abdul Karim Abdullah has hailed the latest response from the central bank as “not only enabling Serba Dinamik to be at par with other existing e-pay players but to capitalise on a potentially profitable revenue stream”.
“Currently SDIT is working closely with state government namely Malacca, Pahang and Perlis,” he told FocusM. “SDIT shall ensure compliance with the requirements imposed previously by BNM as well as any relevant requirements or standards issued by the central bank.”
Above all else, the central bank also insisted that all e-wallet operators in Malaysia must establish adequate governance and operational arrangements by including measures to ensure safety, security and operational reliability of the e-money, including contingency arrangements.
For example, BNM stipulated that e-wallet funds stored must be placed in a trust account (ie M Trustee Bhd) that can only be used for two purposes: (i) refunds to users and (ii) payment to merchants. – Nov 2, 2021 03/11/2021 2:34 PM
ǷearlꙌhite . This downgrade in rating was long ago determined with QR 30/6/2021 . Fitch is very backward looking. They have to go by the book anyway.
Anyhow, this is old news and what is monumental and morale boosting is what did happen after that.
Refer to SD key action plans for more information.
Note: Bursa and Fitch will not dictate what needs to be done, not even with suspension.
OK Pearwhite, let me take you to task.
Where is the action plan for Serba? I've only seen the "prophecies" of a delusional old man who both thinks he's in charge and that people take notice of his posts.
If Bursa does not dictate what needs to be done, who can?
What was monumental and morale boosting after Fitch's statement? I didn't see anything!
Fitch will have a major impact on who can lend money to Serba. The only other option is any government body going to put their head on the block to provide money when there is so much conjecture about the veracity of the Serba accounts? An election is coming.
You have made so many false statements in the past, your credibility is gone. Look back and you will be able to see where, like Unsteady ConPeepee, you changed sides and became an employee of Serba.
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Posted by 654321aaa > 2021-11-03 14:30 | Report Abuse
股市永遠無法從歷史得到教訓,