By Brad Rantayy
MIRI, Sept 12: Riam Road Secondary School (RRSS) is introducing a cashless payment system for transactions within its grounds, which was launched today.
Partnered with Hong Leong Bank, it aims to provide a cashless ecosystem for students, including reloadable debit cards, cashless payments in canteens, and JomPay biller services for school fees.
With the launching of the ‘go cashless’ initiative, the students of RRSS, as well as Riam Institute of Technology and Riam Hill International School in Miri, will soon be part of the cashless ecosystem. As a result, they will no longer need to bring cash to school for their daily needs.
Instead, their school will now have a cashless payment system that accepts debit cards as a payment method under the ‘HLB@School’ programme.
Piloted in October 2020, the HLE@School programme will provide school payments and digital banking tools for students, cashless payment terminals at the school canteen, and a digital collection solution for school fees.
This is in addition to the bank’s financial literacy programme, which will be introduced to the students to familiarise them with the idea of going cashless and digital banking to children.
Over 1,000 RRSS students will start using the HLB 3-in-1 Junior Account, which includes a savings account and a reloadable debit card.
On top of that, it comes with access to the HLB Pocket Connect platform, the first in-market interactive digital banking platform for young children and their parents.
The HLB Pocket Connect is a simple mobile banking platform with in-built Earn, Save and Spend features that aim to teach children financial literacy and incorporate and facilitate parents’ guidance.
Students can easily track their own pocket money, expenditure, and savings, giving them a deeper understanding of the value of money, which empowers them to take charge of their finances.
Similarly, parents can manage and monitor their children’s bank accounts through the HLB Connect online and mobile banking platforms. — DayakDaily
