You can put your hopes on Boost for that, it's local so it's easier for them to provide more localized services, now they already provide bill payments and parking payment.

Wechat (Tencent) can achieve that in China is simply because they're close with the government right?

another thing to consider is that i believe credit cards are not that popular in china.

Yup, you're right.

Yes, Boost is doing good.
Well, China only has two e-wallets which I think is a good approach, hence they will focus on functionalities rather than building a half baked app and abandon it.

Right..... on speaker!!! And pointing the speaker close to their ear..... We are not interested in your conversation, ok...... hahaha
Why can't they just use the earpiece to listen to their voice messages???

Recently receive a lot of this suspicious pocket money from groups in WeChat. After grab the ang pow, need to share to 3 groups to receive the money. Anyone got this fraud too?

Can't say it's a fraud or not, but isn't this kind of money packet game a common thing in China?

For me I wouldn't bother, cuz it's totally useless here.

Well, I don't really support monopoly or duopoly (if I'm using the right word), competition is indeed good for the end consumers. But somehow I feel that when it comes to e wallets here, it's not really a good idea to have too much of them in the market, things are getting divided because of it, especially with merchants. Also, e wallet is still at it's infant stage here, so there's not much awareness, so when some people are willing to try using e wallets but chose the crappy ones (you know the ones I'm talking about without naming them), they will generalize and come up with the conclusion that e wallet is useless here when there are decent ones around.

China is definitely the best example when it comes to e wallets, there are only two major ones. You can either use one of them or use both, both are superior and everything is unified.

This post has been edited by xperiaDROID: Aug 23 2018, 09:19 AM

My current problem for wechat pay is don't have China wallet but only has Malaysia wallet.

Well, I wasn't referring to the monopoly but more to building matured and useful e-wallets.

Malaysia has too many and some in BNM list, I haven't heard before..

I know, but what China doing is kinda close to monopoly, I dunno what happened there in the first place but I don't believe there were only Tencent and Alibaba who came up with the e wallet idea, for sure there were many who wanted to join the bandwagon to get their slice of pie on the market but seemed like the government stopped that from happening and controlled the market until there are only 2 major ones until now.

If that's true, I would prefer that way to be done here as well.

I liked this thought when local consumers demanding a matured platform. BNM allowing 30+ emoney issuers to operate eventually will make these companies act like local banks, to be regulated in every features, limitations on this and that.

Adoptions by small medium merchants will be the key of success, just look at China's wet markets, food stalls etc. Ewallet is a volume game, small values, high traffic, and easy to forget. Small biz owners cannot afford to have 5 or 6 QR codes at their stalls to keep track their income or sales. It's a nightmare if this is what BNM wants to achieve.

Unless BNM wants only the up-market E-wallet users to spend in places like convinient stores, shopping malls, restaurants, urban lifestyles etc. Only this big merchants can afford multiple terminals, scanners, consolidated POS and share benefits with emoney issuers.

I believed locals kind hearted people also wanted to help these small business owners, make their lives better, giving more emoney to stall owners, no small change needed, no receipt, just give, take and go. Hope more M'sian have same thoughts rather than thinking how I can be benefited from using E-wallet.

Can we tansfer money in WeChat Pay to bank account? If yes, how n what is the charges?

I'm trying, but need 3 days and FOC...

Wow! 3 days is like cheque clearing. Taking too long. They should try and make it max 1 day or the best would be like instant transfer.

Deleted. Double post.

This post has been edited by Xaser_3: Aug 23 2018, 10:03 AM

FOC de wo, Boost, Vcash and others still got charges 2% or RM1

3 days is still better than those paid gateways need 14-days clearances...

True when you start comparing against other paid gateways and since that it is FOC, I guess nothing much you can say or complain.

I'm having doubts on BNM by the way they enforce something, if they were good, there wouldn't be issues like merchants imposing minimum amount for card payments. They provided a solution to report the merchants, but it doesn't help much but giving hassle to those who really wanna report, and those who wanna report will choose to give up instead because it's a waste of time.

Also, it's hard to change the mindset of the majority when they're heavy reliant on cash. Most here will only try out something when there's hype or benefits, if you've seen the discussion thread for Boost in Kopitiam section, you will notice that 8/10 of the discussions are just about the cashback, that's the example of how the society thinks. Surely, I can't generalize by just judging on one discussion thread, but it's true.

This post has been edited by xperiaDROID: Aug 23 2018, 10:26 AM

Wechat success in China which mindset of CASH IS KING because og ANGPAO given...
Now same happening in Malaysia versions, if they wanna become biggest e-wallet in here.

So I'm guessing those other wallets also need to offers some promos or cashback to attractive users, only then Merchants will INTERESTED to adopt the gateway.