MyClear Partners with Smartag on an NFC Ecosystem for Malaysia

MyClear-Smartag-NFC-payment-Malaysia-rfid-blogElectronic Clearing Corp Sdn Bhd (MyClear) will collaborate with Smartag on the development of a near field communication (NFC) ecosystem for Malaysia.

MyClear chairman, Datuk Ooi Sang Kuang, said the company looked forward to exploring the various opportunities to be offered by leveraging on NFC technology as a means to provide more convenient and efficient mobile payment services nationally.

“We are excited at the prospect of working with Smartag towards adding more channels to complement our existing products and services, in line with the recommendation of Bank Negara Malaysia’s Financial Sector Blueprint 2011-2020,” he said in a statement.

Under the collaboration, MyClear and Smartag will work towards developing a value proposition on the project and will undertake the necessary efforts to establish a nationwide NFC ecosystem, which is an initiative under Digital Malaysia.

Smartag chairman Datuk Abdul Hamed Sepawi said the company was pleased to be able to collaborate with MyClear to actively involve in this process of promoting NFC ecosystem and creating greater awareness and understanding of the NFC technology’s applications and benefit.

Meanwhile, Multimedia Development Corp chief executive officer said the implementation of the NFC ecosystem under the partnership would pave the way for Malaysia to develop a trusted national platform that enables consumers to transact securely and confidently.