Going cashless is pretty normal now, as most of us rarely carry as much cash anymore because we’d rather use other methods to pay. However, this system isn’t applicable everywhere, especially in places where there are not many big cash transactions such as schools.
Nonetheless, one secondary school in Miri, Sarawak wants to reduce cash transactions by introducing the cashless system in their grounds, reported The Malay Mail. That’s a great initiative!
Source: the malay mail
Riam Road Secondary School (RRSS) had reportedly asked the parents of their students to open a UOB bank account for their children because they want to start implementing the cashless system in their school.
According to RRSS chief executive officer, Datuk Fong Onn Min, they want to implement this debit card initiative for security reasons and to achieve better financial control. Seems like a good plan!
He was quoted as saying,
“With the card, students no longer need to bring money to buy books or food. Bringing only a card is much safer. The system is viewed as a remote-control way to monitor their children’s spending without interfering on daily basis.”
Source: pinterpolitik
A report revealed that the parents were informed of this new transaction system last Saturday (7 July 2018) but it wasn’t revealed yet when the cashless system would begin.
This is a great initiative to achieve better financial control and we hope the school will succeed in this endeavour. Now, we wonder if other schools will also follow suit!
Do you think going cashless is relevant and applicable, especially on school grounds? Let us know what you think in the comments!
Also read: Tun M Considers Replacing Bank Notes or Going Cashless to Combat Corruption
