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 EPF - self contribution, need advise

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sky18
post Jan 9 2020, 03:35 PM

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QUOTE(ikanbilis @ Jan 8 2020, 10:41 AM)
It is high time for epf to use fpx for members to deposit funds.

Sspn is using fpx and transaction immediately updated.

Asnb is using fpx and transaction immediately updated.

What about you, EPF, being the biggest fund in Malaysia?
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Actually if u think carefully, it only limited ppl doing self contribution. Furthermore, not all of them using fpx. It might no worth the money spend (our money afterall) for such system enhancement. Existing channels are pretty sufficient to serve the need.

However, do agreed that their statements system should be enhanced. Its confusing and wander why they freeze the statement update till dividend being declared. The laps is a month plus!
sky18
post Jan 9 2020, 07:56 PM

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QUOTE(ikanbilis @ Jan 9 2020, 04:13 PM)
Whilst i agree its only limited ppl doing self contribution, i dont agree with not spending money for system enhancement. Now payment gateway is so common and cheap not to mention Epf is managing hundreds of billions worth of fund. If Epf can loan RM200million to 1mdb easily, what is spending RM50k for upgrading systems?
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Don't get me wrong. Spend money on important area and priorities stuff like statement enhancement. Fpx is pretty complicated by its design and outdated from technology perspective actually. Ppl shall more toward more elegant approach. On another front, abit out topic, do check who owned the fpx. Hehehe, why banks forced to support it.

50k u can buy a nuts only smile.gif. System vendor will as much more for such enhancement.
sky18
post Jan 10 2020, 06:59 AM

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QUOTE(ikanbilis @ Jan 9 2020, 08:42 PM)
I'm not talking about upgrading the whole system. Im talking about designing a webpage that able to accept payment gateway such as fpx etc. You can check the iwk website how many types of payment they accept.

You talk about current channels are sufficient but do you actually know how many local banks that can make EPF self contributions? Do you think it's really sufficient?
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50k is not enough for fpx upgrade. U may check with any folk in IT line. Cease my case here as it way off topics. Just diff views and there is no absolute 'right' here.

 

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