120 / 252
118
Borneo Bulletin Yearbook 2019
BUSINESS SERVICES
FINANCIAL SERVICES
Progresif PAY
In May 2018, Progresif launched Progresif PAY, Brunei’s first
mobile wallet, thanks to the first-of-its-kind partnership
between Progresif and Bank Islam Brunei Darussalam.
Progresif subscribers are now able to transfer funds, pay
bills, shop online and send money abroad securely and in
real time on their mobile device.
“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.
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.
Through Progresif PAY, parents can send allowances to their
children while young adults aged 15 and above can use the
wallet to better manage their finances. Businesses can use
the wallet to accept payments as well as pay staff wages or
suppliers directly into their Progresif PAY accounts.
BIBD NEXGEN and the Progresif PAY application will allow
Progresif and BIBD to work with companies, institutions and
individuals from different industries to develop branchless
banking and FinTech related features and applications to
create value added services such as payment reminders,
money management tools and virtual mobile marketplace.
“This is another example of how Progresif has expanded
beyond the traditional definition of a telecommunications
company. This time, we are defining the standards for