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Yang Berhormat Abdul Mutalib bin Pehin Orang Kaya Seri Setia Dato Paduka Haji Mohd Yusof, Minister of Communications, launched Progresif Pay last week at Rizqun International Hotel. Progressive Pay is brought to you by Progresif and powered by BIBD NEXGEN.
Other countries have implemented it. I know China is known for their WeChat. Today, it is made possible by Progresif powered by BIBD NEXGEN known as Progresif Pay. It is definitely a stepping stone in terms of cashless payments in Brunei Darussalam.
It was launched by Minister of Communications Yang Berhormat Abdul Mutalib bin Pehin Orang Kaya Seri Setia Dato Paduka Haji Mohd Yusof who applauded both Progresif and BIBD for the collaboration in pursuing to be a smart nation in this era of digital economy. The minister shared that Brunei Darussalam is ranked 53rd in the world in the ICT development index.
Also accompany the Minister were Mubashar Khokhar, Managing Director and CEO of BIBD and Paul Taylor, Chief Executive Officer of Progresif who both had inspiring quotes from Henry Ford and Michael Jordan respectively. Mubashar re-quoted, “Coming together is the beginning. Keeping together is progress. Working together is success” while Paul mentioned, “Individuals win games while teamwork wins championships”.
Powered by BIBD NEXGEN, Progresif PAY creates an alliance between Brunei’s most innovative mobile operator and the country’s best digital bank at the forefront of branchless banking and mobile commerce by improving access and creating opportunities for greater commercial efficiency, diversification and development of Brunei’s digital economy.
Now what can be useful when you use Progresif Pay? A few things. You don’t need to bring a thick wallet, or even better a wallet. You don’t need a bank account to begin with to. You will still need to be a Progresif subscriber to be eligible for Progresif Pay.
Having said all that, first thing’s first – download the app, both available on IOS and Google Play. You will need to pop down to a Progresif Store or BIBD Branch for identity verification and registration. Then you will get your own virtual card (just like a virtual debit card). The maximum value that you can put into the virtual account will be BND 3,000 and the great thing about it is that your Progresif Pay virtual card is not tied to any of your bank accounts or credit cards. In other words, it’s safe and secured.
Once you have activated your Progresif Pay, you can pay your bills such as utilities or make donations. You can send money to other Progresif Pay users. You can even use your Progresif Pay to shop online, just like a credit card. Since you are a Progresif user, you can even top up to add data or minutes through Progresif Pay. Awesome!!
Marketing strategy will be a key component in helping others to adopt to the newly introduced Progresif Pay, according to Devin Edwards, Chief Marketing Officer of Progresif Pay. He envisioned that their neighbours at the popular Gadong wet market will make use of Progresif Pay among the vendors so it will be totally convenient and cashless.
It will be interesting to see the adoption rate of Progresif Pay because once they are many Progresif Pay users, it have a domino effect as users will find it very convenient in making transactions.
For more info and FAQ, you can click here to learn more of Progresif Pay.
Paul Taylor, CEO of Progresif, mentioned how the Progresif Radio app has around 17,000 downloads since its release a few months ago.
The minister touring BIBD NEXGEN outlet at The Mall
Press conference hosted by BIBD and Progresif on the launch of Progresif Pay