Progresif subscribers can now pay their bills, shop online and send money abroad with the telco’s new mobile wallet application, Progresif PAY.
Powered by BIBD NEXGEN, Progresif PAY enables consumers and businesses in Brunei carry out cashless transactions with their smartphones similar to popular e-wallet apps like China’s AliPay and Malaysia’s MPay.
The e-wallet can be used to pay bills, transfer money to friends and family members, and sign up for BIBD’s virtual mastercard for online purchases, all without the need of a bank account. The wallet allows users to store up to B$3,000 digitally.
The e-wallet is also aimed at boosting e-commerce in the sultanate; it can be used by small businesses to accept payments as well as pay staff wages or suppliers directly into their Progresif PAY accounts. Small business owners can also sell their products through Progresif PAY’s virtual mobile marketplace.
This is the second app released by the telco following the Progresif Radio app last year. It’s a collaborative effort between the Progresif and BIBD as part of the latter’s NEXGEN digital banking initiative.
Progresif said the launch of Progresif PAY and its alliance with BIBD would help usher an era of cashless payments into Brunei, and inch the country closer to the market leaders of mobile payments. Over 170 million people in Asia use mobile payments today.
“Progresif PAY will change the way we make everyday purchases by transforming payments in a way never seen before in Brunei,” said Progresif CEO Paul Taylor.
Progresif PAY was officially launched yesterday by the Minister of Communications Yang Berhormat Abdul Mutalib Pehin Orang Kaya Seri Setia Dato Paduka Hj Mohd Yusof at the Rizqun International Hotel.
The app is now available for download on Android devices and soon on iOS.