from my friend who works at BNM

BNM doesnt like :

1) Multi device authentication of apple pay (1 card can be used on phone and watch)
2) Apple pay doesnt require pin for transactions above RM250
3) Apple pay doesnt have a daily limit for contactless transactions

Not sure if above applies to samsung pay also?

Sounds like BNM is evaluating apple cash rather than apple pay

Sounds like BNM is evaluating apple cash rather than apple pay

Question for all the insider/leakers forumers working in the “financial/banking industry. Why don’t you share images of evidence of your “Apple Pay project”.

Of course, I get there are P&C agreements in place and consequences. I don’t get why can’t you share pictures of colleges texting about the project (with their names censored of course) or even you’re even daring, screenshot the digital card’s image on Apple Pay.

From what I have gone thru this forum, the rumours are just based on someone’s mouth, and no concrete evidence. Like why hype people for Apple Pay, if you know it’s not ready yet. I just accept that I can only get Apple Pay when I go abroad. I rest my case.

Question for all the insider/leakers forumers working in the “financial/banking industry. Why don’t you share images of evidence of your “Apple Pay project”.

Of course, I get there are P&C agreements in place and consequences. I don’t get why can’t you share pictures of colleges texting about the project (with their names censored of course) or even you’re even daring, screenshot the digital card’s image on Apple Pay.

From what I have gone thru this forum, the rumours are just based on someone’s mouth, and no concrete evidence. Like why hype people for Apple Pay, if you know it’s not ready yet. I just accept that I can only get Apple Pay when I go abroad. I rest my case.

Risking job security for some internet point? Not gonna happen.

Risking job security for some internet point? Not gonna happen.

Risking job security for some internet point? Not gonna happen.

Risking job security for some internet point? Not gonna happen.

March 2022. Likely red bank first.

March 2022. Likely red bank first.

Red. Hmmm interesting from yellow to red now.

hmmm red bank in sg not even support 

March 2022. Likely red bank first.

There's alot of red coloured bank.    It could not be the same red that you are thinking right now haha.

driftmeister creep Xaphier pls pass this msg to your project manager or representative to BxM. Maybe it's one of you guy's Project Manager/Representative that is causing AP launch to be slowed.

The fact that BNM are asking these questions makes me really question the competence of the person/people in charge of spearheading the Apple Pay project. Do they even understand the basics of the project they are working on. Like have they even used Apple Pay (either in the testing phase or just asking their international friends for their cards to try it out?).  Their lack of knowledge really shows their lack of enthusiasm for Apple Pay.
As well explained by Mavik in order to use Apple Pay, the user has to authentic (unless Express Travel Mode) with Face/Touch ID or with their passcode before authorising a payment. I would argue it’s more secure than your physical wallet because once a thief has your physical wallet in their possession; they can use the banknotes and your bank cards’ wave function to make payments. The only institution that allows you to manually disable contactless transactions in app is Wise. So in terms of theft, Apple Pay is more secure.

Merchants and card issuers would definitely have agreements on how much the transaction limit would be on contactless payments to prevent fraud. If they are unsure if the transaction is authorised, they can request the user to enter their PIN, sign a receipt or even request a different payment method.

As I always though, Apple Pay works like your bank card. However, it exists virtually. It’s  having two different bank cards (physical and virtual) linked to the same account. It’s s like having two keys that unlock the same door lock. Like my door lock example, both keys (cards in our case) should have similar characteristics and limitations.
Agree with PoisonSoul, if you’re still bothered reading our messages driftmeister creep Xaphier, please contact the person/people in charge. Their lack of knowledge about Apple Pay is sabotaging it’s release date and it has made most people give up on Apple Pay’s release. I hope these issues would be resolved soon; as many hope one day they could just use their phone for contactless payments.

z3 is spot on on the question by BxM on AP, that's exactly the questioned by them and answered to them verbally late last year and a written response was given last friday.
Necessary justification was given like the likelihood a PIN is compromised (000000 until 999999) vs face ID (1 in 1mio probability) and regarding tranx limit also everything is stated in emvco standard and followed through. Up to BxM to accept the justification now.