The government will soon be making the use of the e-wallet payment system a requirement for license renewal at farmers’ and public markets in Putrajaya, said Deputy Domestic Trade and Consumer Affairs Minister Rosol Wahid. According to Bernama, the deputy minister said that the Putrajaya Corporation will be imposing the requirement to encourage traders to digitalise their businesses.
He explained the policy as part of the Retail Digitalisation Initiative (ReDI) framework that is being executed in two phases – the first phase involving Putrajaya and the second phase going nationwide in May.
A ministry survey found the level of e-wallet acceptance at 50% among traders at farmers’ and public markets in Putrajaya, Rosol noted. Officials believe that with the “‘onboarding’ efforts”, that figure should top 90% by year-end.
The deputy minister said the government was targeting 12,844 traders at 306 farmers’ and public markets across the country to adopt the e-wallet system. “This year’s target is to ensure 100 farmers’ markets and public markets provide the e-wallet facility,” he said.
ReDI is a collaboration between various government and private entities. According to Free Malaysia Today, these include the Federal Territories Ministry, the Housing and Local Government Ministry, Bank Negara Malaysia (BNM), Companies Commission of Malaysia (SSM), Maybank, and Touch n’ Go.