BNM punya response, any takeaways?

Here's a bit of side investigation on my own to find some hints. Last year Revenue Group was awarded a contract by PayNet to develop tokenization for MyDebit, under the subsidiary Revenue Secure Sdn Bhd. Found the co-founder on LinkedIn and this is on his profile. Doesn't seem like a general list of technologies more like what he's actively working on, since Google Pay isn't mentioned, and Samsung Pay is mentioned and is already in Malaysia. So it's true that it's coming soon? But if true, sad that Google Pay isn't coming as soon as Apple Pay.

I'm assuming it's some ewallet with card? 🤔
Either some current ones like BigPay or upcoming ones like MyMy🤔

Probably helps that Samsung is doing business in Malaysia directly as Samsung Malaysia Electronics, while Apple is not.

Now that Grab won one of the digital banking license, possible that they bring this feature over that already exist in Singapore once they release their own card here?

https://help.grab.com/passenger/en-sg/90000...ard-Tap-and-Pay

Reminder when want to use Apple Pay just tell the cashier you want to wave, if you say Apple Pay and the cashier don't know they will think it's some ewallet😂 experience from using SPay

Have a friend in sotong, say won't be part of this launch. Not sure in the future will support or not or when will it be.

Apple side should be no problem. I think up to Maybank and Amex to settle it now.

Even with the NFC tech they are still on an older Mifare system, won't work at all with tokenization unless they upgrade the Mifare system they are using.

According to Apple press release AMEX coming later this year.

Mifare is one thing, but there's different systems within Mifare. TnG still using an older Mifare system while most of the world already using a newer one. I believe the older Mifare system that TnG is using can't work with Google Pay Apple Pay etc. But yea as u said, can't expect much from them.

Probably costed more to support Debit Cards also, maybe that's already enough for customer acquisition. As ppl that want to try but don't have Ambank or SCB CCs their only choice is Maybank

Besarpay

Maybe they accidentally enabled it for a short while lol