“The application of fintech within the MaaS ecosystem extends beyond financial transactions alone."
“Back-end business operations such as payment/subscription models, personalised product offerings and inventory management are also vital elements that require the utilisation of fintech,” he said.
Sahari also said that the efforts of these MaaS platforms, like ride-sharing platform Grab and vehicle rental company SOCAR, can help companies expand and become known globally.
“This is why the government, through the Ministry of International Trade and Industry, is paying strong attention to accelerate the domestics business for the disruptive digital economy,” he added.
During the Putrajaya LIFT Festival 2019, the Malaysian Automotive, Robotics, and IoT headed up a demonstration called the "Future of Mobility" which helped reveal new technology services for MaaS, online commerce systems, connected living services, and ride-hailing.
This showcase also focused on specific MaaS concepts including car-sharing, person-to-person vehicle rental, multimodal transportation, autonomous transportation systems, electronic payment systems, real-time traffic data, and connected vehicles.