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e-Wallet Wechat Pay (MY) Discussion Thread V1, Officially launched!

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TSxperiaDROID
post Jun 11 2018, 11:14 AM

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QUOTE(hobbes1001 @ Jun 11 2018, 11:02 AM)
Me too. fastforward into the future, my bet is the following will be the dominant e-wallets in Malaysia (not in any particular order)

- WeChat Pay
- Big Pay
- Grab Pay
- Touch N Go / AliPay (incollaboration or independently)

Also worth mentioning that the following has yet to reach our shores but has huge potential when they finally do.

- Apple Pay
- Google Pay
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If I'm not wrong, Google Pay has extra charge fee to the merchant, there's a reason why it's still not mainstream even in their own homeland US, doubt it will be any different if it launches here, if it ever launches here of course.

This post has been edited by xperiaDROID: Jun 11 2018, 11:14 AM
digitalz
post Jun 11 2018, 11:17 AM

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QUOTE(hobbes1001 @ Jun 11 2018, 11:02 AM)
Me too. fastforward into the future, my bet is the following will be the dominant e-wallets in Malaysia (not in any particular order)

- WeChat Pay
- Big Pay
- Grab Pay
- Touch N Go / AliPay (incollaboration or independently)

Also worth mentioning that the following has yet to reach our shores but has huge potential when they finally do.

- Apple Pay
- Google Pay
*
Well, Samsung Pay has a lot of users around Malaysia. I personally like Android/Google Pay. Use it a lot. There's a limit of £30 for each transaction. Also, not all banks in the UK signed up with Google, some decided against them and due to certain "issues".

Let me elaborate it a bit more > I like it because I can make payments as soon as I unlock my phone. There's no need for me to open the app or anything too. (Some people might not like it due to safety reasons but I like the convenience of it).

This post has been edited by digitalz: Jun 11 2018, 11:20 AM
digidigi
post Jun 11 2018, 11:24 AM

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QUOTE(hobbes1001 @ Jun 11 2018, 11:02 AM)
Me too. fastforward into the future, my bet is the following will be the dominant e-wallets in Malaysia (not in any particular order)

- WeChat Pay
- Big Pay
- Grab Pay
- Touch N Go / AliPay (incollaboration or independently)

Also worth mentioning that the following has yet to reach our shores but has huge potential when they finally do.

- Apple Pay
- Google Pay
*
Grab pay might have the least chance, most people still not taking grab
hobbes1001
post Jun 11 2018, 11:38 AM

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QUOTE(digitalz @ Jun 11 2018, 11:17 AM)
Well, Samsung Pay has a lot of users around Malaysia. I personally like Android/Google Pay. Use it a lot. There's a limit of £30 for each transaction. Also, not all banks in the UK signed up with Google, some decided against them and due to certain "issues".

Let me elaborate it a bit more > I like it because I can make payments as soon as I unlock my phone. There's no need for me to open the app or anything too. (Some people might not like it due to safety reasons but I like the convenience of it).
*
Samsung Pay totally skipped my mind. blush.gif
I guess Samsung Pay, Apple Pay and Google Pay will provide the best user experience but they are a different kind of wallet. They will still have a sizable market to serve. Their success will more likely be restricted to the willingness of the banks.

This post has been edited by hobbes1001: Jun 11 2018, 11:48 AM
hobbes1001
post Jun 11 2018, 11:39 AM

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QUOTE(digidigi @ Jun 11 2018, 11:24 AM)
Grab pay might have the least chance, most people still not taking grab
*
If that is true then the taxi drivers would not be complaining now, would they?
hobbes1001
post Jun 11 2018, 11:46 AM

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QUOTE(fruitie @ Jun 11 2018, 11:06 AM)
I thought Boost is doing well too? I feel that it has potential to go further.
My request is all merchants should start accepting more than one type of e-wallet...
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I will put boost and vcash in the same category. Both are initiated by telco. I am just uncertain on how much stamina they have to compete.
I would like to see merchants accepting all types of cashless transactions too but it might not be possible due to the number of terminals required and their reconciliation will be a nightmare. Maybe this is where a 3rd party can come in (e.g. like MEPS but hopefully don't act like MEPS)

Just my opinion.
fruitie
post Jun 11 2018, 11:49 AM

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QUOTE(hobbes1001 @ Jun 11 2018, 11:38 AM)
Samsung Pay totally skipped my mind.  blush.gif
I guess Samsung Pay, Apple Pay and Google Pay will provide the best user experience but they are a different kind of wallet. They will still have a sizable market to serve. Their success will more likely be restricted to the success restricted to the willingness of the banks.
*
QUOTE(hobbes1001 @ Jun 11 2018, 11:39 AM)
If that is true then the taxi drivers would not be complaining now, would they?
*
QUOTE(hobbes1001 @ Jun 11 2018, 11:46 AM)
I will put boost and vcash in the same category. Both are initiated by telco. I am just uncertain on how much stamina they have to compete.
I would like to see merchants accepting all types of cashless transactions too but it might not be possible due to the number of terminals required and their reconciliation will be a nightmare. Maybe this is where a 3rd party can come in (e.g. like MEPS but hopefully don't act like MEPS)

Just my opinion.
*
You gotta multi-quote all posts into one post. https://forum.lowyat.net/index.php?act=faq&article=10

Boost is far better than VCash though I'm a Digi user.

Yes, just limit to few types and don't need to be so creative. If China, such a big country and is having the most cashless transactions in the world can survive with just two types, why not us?
digidigi
post Jun 11 2018, 11:52 AM

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QUOTE(hobbes1001 @ Jun 11 2018, 11:39 AM)
If that is true then the taxi drivers would not be complaining now, would they?
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Most people still drive their own
hobbes1001
post Jun 11 2018, 12:04 PM

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QUOTE(fruitie @ Jun 11 2018, 11:49 AM)
You gotta multi-quote all posts into one post. https://forum.lowyat.net/index.php?act=faq&article=10

Boost is far better than VCash though I'm a Digi user.

Yes, just limit to few types and don't need to be so creative. If China, such a big country and is having the most cashless transactions in the world can survive with just two types, why not us?
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You can't use VCash to pay DiGi postpaid bill on the app. rclxms.gif

QUOTE(digidigi @ Jun 11 2018, 11:52 AM)
Most people still drive their own
*
IMHO, that's true for now but the behaviour are changing especially for the younger generations.


TSxperiaDROID
post Jun 11 2018, 02:20 PM

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"Wechat Pay Malaysia" fb page is down, guys...
kclamtarc
post Jun 11 2018, 04:14 PM

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QUOTE(xperiaDROID @ Jun 11 2018, 02:20 PM)
"Wechat Pay Malaysia" fb page is down, guys...
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yeah, realised that around noon time. wonder what happened.
thankyou
post Jun 11 2018, 05:01 PM

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Maybe that's not an official WeChat Pay FB page?
Nom-el
post Jun 11 2018, 05:08 PM

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QUOTE(digidigi @ Jun 11 2018, 11:24 AM)
Grab pay might have the least chance, most people still not taking grab
*
Grabpay's chances are pretty good since they are collaborating with Maybank where they can access the merchant & user base of the biggest bank in the country. Grabpay is not limited to Grab rides only.


QUOTE(hobbes1001 @ Jun 11 2018, 11:46 AM)
I will put boost and vcash in the same category. Both are initiated by telco. I am just uncertain on how much stamina they have to compete.
I would like to see merchants accepting all types of cashless transactions too but it might not be possible due to the number of terminals required and their reconciliation will be a nightmare. Maybe this is where a 3rd party can come in (e.g. like MEPS but hopefully don't act like MEPS)

Just my opinion.
*
Work is already in progress in that area with Real-time Retail Payments Platform (RPP). Bank Negara is also working on a standard for QR codes that can be used by all the different mobile payment providers. Once everything is in place, most of the systems should be inter-operable. It would also be possible to send money between different e-wallet providers and the banks using only IC or mobile number. Imagine for example, transferring money from your Boost account to a relative's Public Bank account using only his mobile number even though your relative does not have a Boost account. Or transferring money from your Maybank account to your friend's WeChat Pay account using her IC number. Or transferring money from GrabPay to BigPay etc. This is provided that the e-wallet providers & banks join the platform. The developments are pretty exciting.


More info on Real-time Retail Payments Platform (RPP)
http://www.paynet.my/fi-rpp.html

Roadmap
http://www.paynet.my/fi-rpp/technology-roadmap.html

This post has been edited by Nom-el: Jun 11 2018, 05:10 PM
alucard89
post Jun 11 2018, 05:27 PM

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Guys, do I need an account at Hong Leong to use wechat pay?
fruitie
post Jun 11 2018, 05:33 PM

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QUOTE(alucard89 @ Jun 11 2018, 05:27 PM)
Guys, do I need an account at Hong Leong to use wechat pay?
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Nope. Any debit card I supposed will work.
tiongkeat
post Jun 11 2018, 07:04 PM

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Cannot use also already 7pm
TSxperiaDROID
post Jun 11 2018, 08:06 PM

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QUOTE(kclamtarc @ Jun 11 2018, 04:14 PM)
yeah, realised that around noon time. wonder what happened.
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Probably closed by the official team cuz the page was leaking too much unannounced stuffs.

QUOTE(thankyou @ Jun 11 2018, 05:01 PM)
Maybe that's not an official WeChat Pay FB page?
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Yeah, most likely it's not, cuz previously when they announced the availability of the Wallet, they stated that the source was from Wechat Malaysia staff.
mamamia
post Jun 11 2018, 08:46 PM

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My wechat still don have malaysia wallet.. n I also need to search wallet only got wallet feature, but only china wallet.. don have change region option also..
sengmun
post Jun 11 2018, 08:47 PM

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Anyone experience after top up WeChat pay then when withdrawal money unable reach ur bank account after 2 working days? There no support phone to call as well, not sure this WeChat pay in Malaysia is a scam
SUSDavid83
post Jun 11 2018, 08:56 PM

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QUOTE(mamamia @ Jun 11 2018, 08:46 PM)
My wechat still don have malaysia wallet.. n I also need to search wallet only got wallet feature, but only china wallet.. don have change region option also..
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Same goes to mine!

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