Prepaid Cards BigPay - Prepaid MasterCard (with Mobile Apps) V2, CashBack, BigPoint & Remittance
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 Jul 10 2019, 10:08 AM
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#1
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Newbie
41 posts Joined: Jul 2011 
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When each of the user leave RM20 in their wallet .. that is cash flow to them without need to pay us interest. They are able to use that million of dollar fund to roll. That is business. |
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Jul 10 2019, 02:11 PM
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#2
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Newbie
41 posts Joined: Jul 2011
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QUOTE(talexeh @ Jul 10 2019, 01:33 PM) That charge comes from MasterCard, not BP. If that is the case. Wonder where does bank get all the money to loan to others ? I thought that is the way how banking work. Money to earn money.No, they can't do that unless they're cooking the books.  |
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Jul 10 2019, 04:04 PM
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#3
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Newbie
41 posts Joined: Jul 2011
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QUOTE(talexeh @ Jul 10 2019, 03:06 PM) You assumed that banks & e-money providers are the same; they're not. I asked this because i saw your reply on below . So you mean bank can not take our money to loan to others ?? this depend on the rule and regulation BNM set for e-wallet company. like bank, there were actually taking our money to loan to others -- No, they can't do that unless they're cooking the books. |
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