Banks to Launch E-purse Pilot

By Julian Matthews

Six local banks will launch a commercial pilot for an electronic purse system in January, the first of its kind in the country.

The system uses reloadable chip-based cards which are the forerunners to the national multipurpose card the government plans to rollout as part of its Multimedia Super Corridor (MSC) project.

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E-Purse to Debut at Commonwealth Games in Malaysia

By Julian Matthews

September 1, 1998 (KUALA LUMPUR) — Malaysia will introduce its first electronic purse in the form of a smart card at the 16th Commonwealth Games to be held in the capital city in September.

The stored value, chip-based card is the forerunner to the national multi-purpose card the government plans to roll out as part of its Multimedia Super Corridor (MSC) project.

The electronic purse system is based on the Proton smart card technology developed by Banksys SA of Belgium, and currently used in 15 countries.

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