QUOTE(xperiaDROID @ Jul 24 2018, 12:32 AM)
It's not that they need more merchants, it's that they NEED merchants, so far there's literally no merchants that accept it. You might see some stores actually have the Wechat Pay sticker, but it's in Chinese, doubt it's gonna work with our local wallet.
No "red packet" on mine btw.
Wechat already gave up on their head start, they could've started everything when there was hype, and now the hype is gone, they still keep leaving us hanging on waiting since like forever.
What I hope now is Boost can expand to more mainstream merchants which they are doing right now, better if they can collaborate with most supermarkets, fast food chains (now available on Wendy's and Burger King) and convenience stores (available on KK mart), once they can do that then it's a straight goodbye to Wechat Pay, they can keep slacking off and do nothing if that's what they wanna do.
As for Grabpay, they're also expanding aggressively, but doubt it can defeat Boost cuz not everyone uses Grab. I do use Grab occasionally, but don't think I'm gonna try it.
So far, the best e wallets are Boost and Favepay.
No doubt Boost is a head of allot of local eWallet, but the game play still early to determine who will be going to be the mainstream....because allot of early merchant adoption for eWallet are still those merchant who already have credit card terminal...
Why I will said Boost is a head is because I see they put allot of effort on those food truck and night market, but I not sure how is the adoption because I still haven't see or use boost on those merchant...these are the places that really need the ewallet cashless solutions....but still majority of Boost merchant are those with shop and have existing credit card terminal...to user I no see much advantage of pulling out your phone instead of your card to pay without cash.
So, I think who will win the game is who can convince most of the merchant without accessibility to credit card terminal...so i think the game is still long way to go...
The Pro for wechat Pay is it already integrate with your daily use messaging app...so actually if you are not wechat user totally meaningless to you or if you are we chat user thn before you decided to use any ewallet wechat Pay is already ready there for you even you want it or don't want it...
For GrabPay, they are smart enough to partner with Maybank QR Pay, so even you do not use Grab but if you are a Maybank account user it is already there for you to use...definitely for now both of them still not yet can use together...i mean in the future...how? i still not sure...but can see many small ewallet will follow their foot step (i guess only)