QUOTE(xperiaDROID @ Aug 23 2018, 09:49 AM)
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.
Not too sure because I started seeing the trend in 2013...
QUOTE(chanlman @ Aug 23 2018, 09:51 AM)
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.
Exactly. I cannot forget the look of the merchants when I told them I wanted to pay in cash, took out RMB 100, they said no small change. I asked again can pay with CC? They straight shrugged me off and said why not Alipay or WeChat?

That's how high the adoption rate is. BNM really needs regulation on this and not by allowing 10 different types of e-wallets in the market.
QUOTE(uglyduckling422 @ Aug 23 2018, 10:42 AM)
Sorry is bigpay cant use? it say invalid in wechat wallet
Cannot.