The goal of BigPay is to be a worthy competitor to bank.

If there's transfer fee/premium of let say 1% to other bank, that would not be possible for them to be a Digital Bank. That would only make them at most a prepaid card.

Agree that they would want people to keep the money in them but instead of a transfer premium, they should apply interest of some sort to encourage people to transfer in/keep the money in it.

Charging extra for foreign transfer I would not complain but local transfer would be a big no no for me.

Some oversea digital bank/multi currency prepaid card (cant recall which one at the moment) have a fee for CC topup but not for online banking/debit card. I think this is a good way to deter people from topping up via CC then withdrawing.

The usecase you are describing is perfect for prepaid card. But again... Their goal is to be a digital bank like Revolut/Monzo in europe or WeBank in China. They are not going to stay being just a prepaid card. Thus they need bank transfer to make it a "Digital Bank"

This post has been edited by joevo2: Aug 2 2019, 03:50 PM

If they wanna go for digital bank, they cannot focus on BP Card anymore. They have to launch new products and feature that attract more consumers over. If just the local transfer to bank without any other benefit, nobody is really going to use it. BP card is just one small avenue.

It's gonna be interesting time ahead.

The benefit that excites me a lot is how good this app is compared to our local bank app.

Our local bank app would be afraid and scared and start beefing up once BP get a Digital Banking licence which are currently being drafted by BNM.

BigPay slogan is Challenging Bank 😂

Add in DuitNow, JomPay and this BP can really make me ditch my current bank LOL

0.2%.

When you got the CB? Recently?
Spend RM500 to get CB RM1? (Round down to nearest RM)

This post has been edited by ClarenceT: Aug 2 2019, 06:14 PM

28th July, been reloading Boost, BP and Presto, for about 2.2k, got rounded down to RM4.

Good news! Thank you.

I'd like to find out more about using Big Pay in Switzerland i.e. paying at supermarkets, restaurants, transportation...

When you swipe bigpay card do you have to say charge in MYR or in CHF?

What about the exchange rate was it like xe.com rate? Were there additional fees either by bigpay or retailer or anyone else?

You could pay for transportation through the transport companies app and paid with bigpay card as like normal card?


And final questions, when you withdraw cash from Deustch bank u only pay RM10 withdrawal fees and no other fees? What about the bank exchange rate was it like xe rate?

I read some people had problem with pin number and couldn't withdraw from ATM overseas. Did you have any problems?

Thanks...

No problem! So keep reloading ewallet to stand a chance to get 100% CB + 0.2% CB

Is bigpay down?

I think so, can’t use the card to make payment online and also can’t load the app

Can’t login to BP

Sad life.

always choose CHF if they come out the option to pay in both currency. MYR rate uses DCC which negates the point of using bigpay as the processor would've added in fees for the exchange. rate is very close to XE rate, with some minor adjustments after the transaction clears. Either higher or lower. Percentage wise not much diff. Definitely better than using bank credit card for overseas transaction.

Treat BP like a normal credit card. you can use the card to pay for tickets etc and it'll charge accordingly. Just make sure have credit inside.

Withdrawal is same. Always remember to choose the original currency amount (CHF in this case). Some ATM like Euronet is a big ripoff as they'll steer u towards settling the withdrawal in MYR. Charges for Deustch bank is RM 10 on withdrawal fees. Remember to key in the right pin. Exchange rate very close to XE rate.

No problems with BP throughout my 1 month trip there.

yes

Dependent too much on big pay eh

Yep.

I am in Prague airport now and waiting to board flight back to KL.

13 days in Budapest, Vienna and Prague, not a single cent spent with cash. All with CC and I used BP the most for its awesome exchange rate.

First time for me to do this for my trip and luckily these three cities are CC friendly.

This is just a sharing for those planning to visit any of these cities.

suddently remind me. where is Gopayz ? said will launch in July ? now already aug

It is up now.. just manage to purchase online and also do transfer..