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.
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