launching

Eh when?

You got insider news?

This post has been edited by xperiaDROID: Jul 22 2019, 08:51 PM

Battle Of Malaysian E-Wallets: Who Offers The Best Service Among All?



If you enjoy getting discounts, rebates, or cashbacks whenever you dine out or shop, GrabPay and Boost are the champs. But if you had to choose between the two, just ask yourself these questions: do you use Grab to commute frequently? Do you eat in a lot and resort to ordering from GrabFood? If you answered no, Boost is the preferred choice.

The Touch 'n Go e-wallet is very useful to reload or check your Touch n' Go card, which will help prevent you from becoming the reason for the long queue at the toll lane (read: insufficient balance). So regardless of any e-wallets you may prefer, the Touch 'n Go app appears to be a necessity for those living in the city, especially for those who drive to work every day.

Fave, on the other hand, is another e-wallet out there that offers similar functions and cashback, but with limited restrictions to its cashback system, this may seem as a major drawback for users.

So, which do you think suits you the most? Share your thoughts in the comments section below.

http://www.rojakdaily.com/lifestyle/articl...d_zq9BVp60UAznY

Public Bank first to soft launch DuitNow QR in Malaysia

On 17 July 2019, Payments Network Malaysia Sdn Bhd (PayNet) held a soft launch of Malaysia’s National QR Standard, known as DuitNow QR, with Public Bank as the first bank adopting the standard.

DuitNow QR is established under Bank Negara Malaysia’s Interoperable Credit Transfer Framework (ICTF). ICTF mandates that PayNet, as the country’s shared payment infrastructure provider, implement an interoperable and common QR standard for Malaysia.

With the launch of DuitNow QR, Malaysia has a common QR standard which will work for customers of all participating banks and e-wallets. DuitNow QR will foster an efficient, competitive and innovative payment landscape in Malaysia by enabling interoperability, promoting collaborative competition and providing fair and open access to the shared payment infrastructure.

Present at the soft launch were Tan Sri Dato’ Sri Tay Ah Lek, Chief Executive Officer of Public Bank, and Mr Peter Schiesser, Group Chief Executive Officer, PayNet. Tan Sri Dato’ Tay Ah Lek performed the first DuitNow QR transaction using Public Bank’s PB engage mobile app at Pie Kingdom, a popular café in Bangsar South, which Public Bank has enrolled to accept DuitNow QR.

Through DuitNow QR, users can make payment from any participating Banks or e-Wallets mobile apps. Merchants would only need to display one QR Code, the DuitNow QR, to accept payments, as opposed to the current practice of displaying multiple proprietary QR codes at payment counters.

“We are delighted to be the first bank adopting DuitNow QR. With this soft launch, Public Bank will bring innovative payment solutions to our retail consumers and SME business clients. Driven by our new PB engage mobile banking app, we anticipate that the DuitNow QR will see strong take-up,” said Tan Sri Dato’ Sri Tay.

In addition to Public Bank, there are 33 banks that will be enabling DuitNow QR in their mobile banking apps. These banks will progressively go live over the next 12 months. “We have also received applications from 12 licensed e-wallet providers and non-bank acquirers to participate in the DuitNow QR scheme and we expect to admit a number of those in the next 6 months,” said Mr Peter Schiesser.

“At the moment, we see a proliferation of QR codes from a multitude of e-wallets which is confusing for consumers. In addition, e-wallet providers are incurring substantial merchant acquiring costs because they are each signing up the same set of merchants for their respective proprietary networks. With DuitNow QR, a merchant needs to sign up with only one bank or e-wallet acquirer, and customers of all participating banks and e-wallets would be able to make DuitNow QR payments to the merchant using their respective mobile apps,” added Mr Schiesser.

DuitNow QR is an extension of the DuitNow service launched in December 2018, which allows Bank customers to transfer money instantly and securely on a 24/7 basis at Banks’ Internet or Mobile Banking channels. DuitNow fund transfers can be directed using the recipients’ mobile numbers, MyKad or business registration numbers. The introduction of DuitNow QR extends DuitNow to allow fund transfers to merchants, directed using the merchants’ DuitNow QR codes.

Unified QR code soon?

i think this duitnow QR is the unified QR

just they branded it as "duitnow"

Yes, but Paynet is kinda slow in releasing such information.

Hope we can see only one QR code sign that supports various e wallets at counters very soon...

I think this will attract more smaller merchants like hawker stalls and shops to accept e wallets as well, so the stall / counter won't be a mess and flooded with tons of QR codes.

This post has been edited by xperiaDROID: Jul 31 2019, 04:49 PM

Pay With Your Phone Using Affin Bank's New Mobile App AffinPay

Affin Bank has rolled out a new mobile app for its customers, so that they no longer need to carry cash or even cards wherever they go.

The new AffinPay app allows customers to store multiple Affin Bank Visa debit or credit cards and use the app to make payments with just their phones. Users can pay with AffinPay at any merchant where Visa Paywave is accepted.

If you are an Affin Bank Visa debit or credit card holder, all you need to do is download the AffinPay app, set up the necessary PIN or biometric authentication for security, and link your Visa card to the app. You can then start paying using AffinPay by clicking the Pay button and tapping your phone on the Visa Paywave contactless terminal.



With AffinPay, cardholders don't even need to bring their cards out with them to make payments - all they have to do is use their smartphones. And with their payment history right there on the app, customers can track their spending more efficiently. Additionally, Affin Bank states that customers will be rewarded with exclusive deals when they pay with AffinPay.

Presently, AffinPay is only available for Android devices that support the Near Field Communication (NFC) feature. Affin Visa cardholders can download AffinPay on the Play Store.

(Source: RinggitPlus)

This post has been edited by xperiaDROID: Jul 31 2019, 04:47 PM

definitely will take time

ewallet issuers need to change their backend and frontend to accept the new unified qr string which supports interoperability.

BNM can pressure them to speed up with the process...

This post has been edited by xperiaDROID: Jul 31 2019, 04:50 PM

depends on the issuer's "level" or business threshold

those with higher level must comply. those lower level can choose not to comply (and definitely missed out the market acceptace)

Though paynet standard QR is in, by beginning phase non FI will still operate standalone from bank

Wait till non FI being awarded with a valid Swift then there is potential for them to join under the flagship.

We are just 1 step behind singapore, I hope Paynet really does that

It's already August...

I think can conclude that GoPayz is already dead before it even launches, time to unfollow their FB page and move on I guess?

lolz you so kancheong with gopayz

You will be surprised to know that some are waiting for it as well, thanks to U Mobile for hyping it up...

And also thanks to them for killing the hype by not updating their page, people are already fed up from waiting...

This post has been edited by xperiaDROID: Aug 1 2019, 11:56 AM

remember, we are in Malaysia.

I asked KK this morning. The staff said TNB bill can be paid by MCash eWallet.

Has anyone had MCash & try out at KK?

why no u try and report here since u ask KK?
If other try, other KK might said cannot.

sometime it is cashier no dare to do and said cannot.

I don’t have MCash acc. I try not to open unnecessary acc. If someone already using, can just try.