Let homegrown digital technology transform the local constru

Let homegrown digital technology transform the local construction industry


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I READ with interest an article on the use of Green Card IDs for construction workers, which also doubles as a payment card for its users. This is a commendable collaborative effort between Bayo Pay (M) Sdn Bhd and the Construction Industry Development Board of Malaysia (CIDB) in developing a digital Green Card ID.
I immediately saw that there could be so many potential opportunities from this innovative card idea, particularly for the workplace. That a homegrown fintech company has developed this creative financial solution that can help construction companies and also its workers in terms of payment solution is laudable. More importantly, another government agency i.e. CIDB has chosen the digital solutions way by introducing the dual-purpose Green Card, which not only operates as an ID for construction workers but also as a payment card that runs on the MasterCard platform. I read in an earlier news report that this initiative allows CIDB to have better control over security and card issuance management, while providing workers the convenience of worldwide payment acceptance and cash withdrawal from MasterCard-compatible ATMs.

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