Cashless Transactions Boost Felda Community’s Economic Growth
PEKAN, Residents of Felda Chini Timur 2 no longer need to travel 60 kilometres (km) to the nearest town just to withdraw cash, as cashless transaction methods have been introduced. The digital ecosystem, which enables faster and safer payment transactions, is seen as having high potential to create the best momentum for driving the rural economy, while also attracting the second and third generations of Felda settlers to engage in entrepreneurship. Therefore, the positive impact of the existence of a cashless society has been identified as an opportunity to diversify and empower the economy of Felda residents without the need