Mind to sharing which APP you been using and your own experiences?

https://www.mcash.my/img/logo.png

Android: https://play.google.com/store/apps/details?....mcash.my&hl=en
iOS: https://itunes.apple.com/us/app/mymcash/id1...63042?ls=1&mt=8

Website: http://mcash.my

This post has been edited by TunZ: Aug 24 2018, 02:59 PM

Boost, they have 35,000 merchants supported and also just hit 3,000,000 subscribed customers.

The Customer engagement team is really responsive and helps sort out any issues(IF you're unfortunate to have any)

Boost. Due to cashback and alot of merchants accepting it

Samsungpay,can be use just like credit card

There are few more:
Razerpay
Vecash

Thanks for pointed out more e-wallets.
But I just posted most reviewed e-wallets by some famous bloggers, and I couldn't edit the polls.

Beside that, this post is created for letting more Malaysians aware that there is plently choices of cashless APP around now. And how they are going be benefits as well.

I use Boost the most, because it has the most amount of accepted merchants, and also it's providing more localized services like bill and parking payments thanks to the fact that it's our homegrown e wallet.

Others would be Favepay (although it's not technically an e wallet) and also Wechat Pay.

Also a correction, Samsung Pay / Paypal / Big Pay / Mpay are not e wallets, more like mobile payments, and Alipay is not available to use by the locals here.

This post has been edited by xperiaDROID: Aug 24 2018, 06:22 PM

Wow, then they mah create a lot of jobs?

I love samsung pay and maybank QR pay

I do agreed with you, should call them m-wallets indeed.
Wechat Pay still cannot consider ask wallet yet as their transfer function wasn't active yet.

I see, your Maybank QR pay only usable with M2U bank accounts only. right?

This post has been edited by wilson1stop: Aug 24 2018, 11:00 PM

Merchant/Seller doesn't have to according to MBB QR Pay thread.

Ya, I knew about seller can using other local banks.
I'm asking about users is that must using Maybank bank account in order to PAY?

User must have MBB account for sure.
If not why call MBB QR Pay?
It's tied to MBB CASA from M2U App.



This post has been edited by David83: Aug 24 2018, 11:07 PM

Boost is doing a lot in driving adoption. Disappointed with other eWallet.

I see, since Maybank also using PayNet and I'm really don't understand why Banks go partnering with others e-Wallet APPs?
If Maybank QRpay only targeting Maybank users, then this should be small markets already...

eg. CIMB is jointed with Alipay for developing TnG e-wallet, Hong Leong is partnering with Tencent Wechat Pay, Boost is partnered by Celcom, Vcash is by Digi and so on...
and mostly these Banks was granted e-wallets licenses too...

Relax Bro, e-wallets or m-wallets is too alien to Malaysians as very few merchants accept them, some at crazy transaction fees or slow clearances.
Maybe next 3-5 years, Malaysia could getting popular and going into CASHLESS, if every Telcos/Banks willing partner for a HUGE platforms like Wechat/Alipay in China.

still a long way to go for market to select the e wallet winner, but boost has an edge now, feel wechat is gearing up currently

Oh please!
They haven't fixed their Switch Wallet Region!

TnG App is definitely much better than them!

This post has been edited by David83: Aug 25 2018, 05:58 PM

I picked both Wechat and TnG as there got huge users market, after Boost app...

boost mother company already spent 30+mil just to throw money away for ppl to use.

their 1st year kpi target is 5mil users. simple kpi.

next year, they start imposing mdr to each transaction. let's see if merchant acceptance still that high later.

how many ewalllet has this deep budget to throw?

boost gain traction of course. but what is their gameplan for 2, 3, 5, etc years to come.

Damn, Celcom is so RICH~~~ if compared with HLB/Wechat

too many app but not one superior one....... difficult to load everyone into phone, and also load money into everyone

Ya, so follow major market acceptance lah~

TNG backend system still lamn, even with alipay tech and experience support, their transaction network is slow and still not able to fully integrate or replace TNG card, one word --> not convenient to use

See their respective user comments on app store will know, alot of good comments for boost, alot of complaint for TNG

This post has been edited by ehwee: Aug 25 2018, 06:59 PM

The TnG card is a dinosaur technology which the card balance needs to update manually.
This can be seen in auto-reload on Zing card.

The TnG physical card balance in the TnG App can only be reflected with the latest balance within 48 hours of the last transaction.

Full integration is complex for TnG physical but RFID will be more promising!

This post has been edited by David83: Aug 25 2018, 07:29 PM

It's Axiata, to be specific. Celcom is just one of their telco service, along with few telcos in few countries of Asia. Don't forget that MVNO telcos like RedOne and Yoodo are riding on their newtork as well.

They probably earning way more than we think lol.


Use the major ones like Boost and Favepay, smaller ones are probably destined to fail due to the small budget in penetrating the market.

I've noticed that TnG app will update the card balance every few hours (probably 4-5 hours) which is still slow and unpractical. Unlike other countries like Suica in Japan, the balance update is instant. The 48 hours thing is for toll usage if I'm not wrong.

RFID is not that useful, especially for those who don't drive cars and rely on public transports. So TnG still gotta improve on the linking feature between the card and app, and also implement the QR code payment system to more LRT stations and also MRT and buses ASAP.

This post has been edited by xperiaDROID: Aug 26 2018, 03:16 PM

Orait, it's Axiata.

Boost was niche but Favepay it's not attractive for me...

RFID might only useful for motor users, but what's if hybrid e-wallet with NFC phones?
For ideas, just wave phone to buy goodies, passing thru LRT/MRT/KTM without beratur?

It's obvious that TnG is setting their future path on QR code tech instead of NFC, doubt they will fork out another budget to implement NFC tech even though it's a great idea.

Many suggested them to implement NFC tech for linking card to the app, but they said NFC tech is inclusive and not every phones have NFC. Oh well...

Again, I wouldn't expect much on TnG.

True, mostly Malaysian phones don't have NFC, this depend distributors wanna import or not...
Maybe few years later after Samsung Pay and other NFC payment success, then...

I don't think NFC is gonna take off here. First of all, many don't even know what is NFC, even when some of them have NFC on their phones. Secondly, there's no one to give it a headstart and retain a smooth process, Maybank and CIMB tried to do it but both failed badly.

NFC payment is gonna remain exclusive to only Samsung Pay, unless there are any local companies who would like to do it or when Google and Apple decide to launch their payment services here but doubt it's gonna happen even in the future.

This post has been edited by xperiaDROID: Aug 26 2018, 04:13 PM

Maybank is partnering with Grabpay. But seems nothing happened so far.

But Maybank got developed own Maybank Pay (NFC) and Maybank QRpay, maybe they wanna their users using well-known platforms and giving up silently...
Could be same happening to CIMB Pay and HLB PEx too...
(I never saw someone using it, and hardly saw any Merchant promote it too)

New player spotted?

What it mean by no more token cards?

Should be read as two separate sentences, "No more tokens. Card only!"

Folks, any suggestion the best credit card to associated with eWallet?

ManagePay launches ‘Jelajahi NegaraKu Malaysia’ travel card

http://www.theedgemarkets.com/article/mana...sia-travel-card

KUALA LUMPUR (Sept 5): ManagePay Systems Berhad (MPay) via a strategic partnership with the Malaysian Association of Tour and Travel Agents (MATTA) has introduced an innovative travel card and loyalty solution.

In a statement today, the company said the program, with the card named ‘Jelajahi NegaraKu Malaysia’ intends to offer loyal MATTA customers with a wide range of perks including attractive cashback and special member discounts when spending with a wide range of travel and lifestyle merchants.

...

“Instead of carrying a large amount of cash, travellers can simply purchase the card, load their Malaysian Ringgit into the card and spend with ease whilst enjoying cashback rewards,” said Tan.

Tan said the card will work seamlessly with MPay WALET, the group’s digital wallet app.

She said cardholders will be able to check their card balance, top up their card and keep track of their transactions from their smart phones, from anywhere around the world.

“On top of that, the deals section of the WALET will also offer attractive travel deals only available exclusive for MPay WALET users.



This post has been edited by cybpsych: Sep 5 2018, 02:53 PM

SamsungPay also okay for me lah...no need to bring the cc/debit card to pay anymore.

Still waiting for Touch and Go e wallet to let me top up my cards online and pay for more stuff with it

I'm anxiously waiting for Malaysia to embrace cashless as well, just like China and Japan. So often i find it annoying to fiddle with loose change or heavy wallets. I hope one day i can just tap my phone or card when paying for a cup of coffee at the mamaks.

BigPay, GrabPay, TouchnGo e-wallet and Boost are saving CC info at their server or payment server.

I didn't perform data migration from old phone to new phone.

Stored credit card info are able to retrieved back upon logging in.

It is normal for the them to store credit card info at their side. As long as we need to give OTP to perform transaction then is okay... But boost can transact without OTP..

I remembered Grab and GrabPay also no need OTP.

It is common. Cc provider has mechanisms call tokenisation which can deposit your credential in safe

Give Cashback to make it widely accepted such that the convenience is more important than the cashback.

When they gain widespread acceptance, merchants cannot afford not to be on Boost, and that's when they get charged.

I don't have a business/marketing degree, but I'm pretty sure that is the strategy.

For now, I'd keep collecting cashback.

Merchantrade VISA card is it count as e wallet?

Why I can’t vote? 😭

not logged in, or already voted?

Group: Probation
Posts: 1

Maybe this?

Oh isit?... hahaha okok.

UUM morphs into cashless campus with kiplePay

KUALA LUMPUR: Universiti Utara Malaysia (UUM) has inked a strategic collaboration with kiplePay Sdn Bhd (kiplePay), a wholly-owned subsidiary of Green Packet Bhd, to enable cashless transactions to be conducted under a unified system in its campus in Sintok.

URL: https://www.theedgemarkets.com/article/uum-...campus-kiplepay

Umobile launching e-wallet today

Look like similar to BigPay....
More info soyacincau Twitter

I have many eWallet,

From Boost, Grab pay, Fave, TnG, Wechat pay, MBB QR Pay, CIMB pay.

I think e-wallet and cc is a bit different. For cc, visa or mc, irregardless from which bank, as long as merchant accept visa/mc, it can be used in any merchants.

However for e-wallets, some merchant accept boost, some accept touch n go, etc, so one will need to sign up to a few e-wallets.

Wow, that’s a lot. Why u end up having so many?

I wonder how safe is their server? I am a bit worried on this.

Having Unionpay and JCB as options are tempting though, I would probably ditch Bigpay because of this.

The only e wallets that you should have in your phone are Boost, Grabpay, TnG and Favepay...because they have a huge merchant base, and will be growing from time to time, don't forget that these are also the e wallets that provide decent rewards (TnG is seasonal though)...

Having these 4 e wallets are already enough (not saying that you should use all 4 of them but only consider these 4 if you wanna join the e wallet community), cuz you can use whichever that you wanna use during certain times and many merchants nowadays accept more than one e wallet (usually these 4), and when one is down, you have another one as backup.

The whole purpose for e wallets is for convenience and paying by just using your phone, and also getting rewards by making payments sometimes. Yes, our e wallets have a long way to go to be up to par with what China has, but it wouldn't hurt to give it a try and embrace the cashless society for the future.

E wallets here are all following regulations under BNM, so there's no need to worry about their server. If people are worried about e wallets, then why do people still use banking apps, how do you know it's completely safe? Just because it's a bank, but then you get CIMB with their occasional data leak and stuff, but people are still using it anyways. If you say banking apps are safer cuz they follow regulations under BNM, then it's the same thing with e wallers as well.

This post has been edited by xperiaDROID: Jun 18 2019, 06:00 PM

hey..... Professional is explaining below. I have the same stand as he mentioned.
Please refer to the below of why am I having so many eWallet.

For users staying in Sarawak, + SarawakPay but -TnG.
BTW Favepay is not really an e-wallet.

I wouldn't consider myself as professional lol, I'm just a fan of e wallets and mobile payments, and just saying what I've observed so far from using e wallets for like more than a year...

It's true that we have too many e wallets, no one would like to clutter their phones with e wallets and top up each and every one of them, that's why it's best to have not more than 4...

And the 4 are the ones that I've mentioned (Sarawak is probably different because they have SarawakPay), cuz those are the only decent ones so far.

How is SarawakPay's merchant base in Sarawak so far? Saw KK Mart in KL accepts SarawakPay as well.

Yeah, Favepay is not an e wallet, but they're like mixing themselves among the bunch, which people at first would thought that it's really an e wallet, but logically it's not.

This post has been edited by xperiaDROID: Jun 19 2019, 11:52 AM

Expanding but not as popular as Boost. SarawakPay is a copycat.
It is backed and managed by Sarawak Government, so we use it to pay all the state government related bills and utilities. But now they move into retail stores.

Now Banks are removing rewards and rebates, and Boost is cutting down the rebates as well, then SarawakPay can be attractive now.

You will know why KK Mart in KL is accepting Sarawakpay after reading this news...
https://www.theborneopost.com/2019/05/05/sa...4-million-mark/

It took Boost quite a while to get to their current stage, which I believe same can be applied to SarawakPay if they do it right.

They seem to have huge ambitions, and I have a feeling that they would wanna try to expand to West Malaysia soon.

This post has been edited by xperiaDROID: Jun 19 2019, 12:27 PM

Just got a call from GoPayz, their system still in pilot test, they need to freeze my account and refund back money to me which I had reloaded yesterday during sign-up.

Same here, I thought it was Boost lol.

Me too. Took me a while to register who was calling me. I had to ask 3 times before I remembered that I signed up. If their system not ready for public, then why bother doing a big launch event for? Waste the publicity and interest generated only...

it was a soft-launch by taking advantage of BNM's MyFintech Week (MyFW) conference (in conjunction with Malaysia Tech Week 2019 organised by MDEC)

they already told the launch would be in July

Announcing it doesn't mean they should launch it immediately, it's just like announcing a new phone doesn't mean it should go on sale immediately either.

But it's great that they're not launching it immediately, they could still improve and change something, also survey on what the consumers think and want.

Also, since Visa, Mastercard and Unionpay is available at the start, they could also wait until when their JCB cards are ready as well, according to what they planned.

https://www.unionpayintl.com/en/mediaCenter...News/5429.shtml

GoPayz?

What advantages does it have? If no clear advantages, there's no point.

Retailers and customers would mostly go for a few e-wallets, the most popular ones. Too many is not practical - just imagine a retailer's counter cluttered with QR code for too many e-wallets.

There's one huge advantage over Bigpay, lower withdrawal fee from ATM.

Also, people can choose which card scheme they want, Visa/Master/Unionpay they got everything covered, with JCB coming soon as well.

I'm gonna get either Unionpay or JCB when it launches.

Wonder what's taking them so long...

It's already July.

This post has been edited by xperiaDROID: Jul 8 2019, 06:58 PM

My ATM withdrawal has no fees.

I can choose Visa or Mastercard now.

And most important - how good is their rewards/cashback?

Not sure if we are on the same topic.

Because you're using a bank card and withdraw it from that bank?

I'm talking about Bigpay charging RM 6 for ATM withdrawal, whereas it's only RM 1 for Gopayz...

However other info about Gopayz is still scarce though.

Well, yes, we need to know how innovative their marketing is before we can judge. But it's a crowded marketplace, and Boost is hard to beat for now.

but i sense that the cash back reward of Boost is getting less and less attrative recently.

Yes, cashback is getting less attractive.

They are moving away from that and moving more into winning prizes, and one-off promotions.

For now, they have the biggest market share.

i said exactly the same thing a few months ago and got flamed
they are in the business to make money, not give out freebies all the time

It is a non-sustainable model.
Pretty sure the day will come whereby rewards will be scaled back.

Malaysians, you do you expect?

Pretty sure there will be one day where there is no rewards at all. Like some of those plastic cards in your wallet.

Just wait till they got more penetration, now at 8%.

Anyone received an email from Gopayz stating that they "closed the account and call back immediately for further assistance"?

UPDATE: The CS said that those who registered for the account earlier should reapply for a new account when it officially launches, however CS wasn't sure about the launch date but will be sometime this month.

This post has been edited by xperiaDROID: Jul 9 2019, 12:38 PM

hmm. well originally i only have wechat pay, because i dont like to install too many apps and since i use wechat a lot so wechat pay becomes my first choice. and then installed Boost just to ride on their cashback. these are the only 2 ewallets i have. i agree that cashback rewards will not stay too long - Boost's cashback reward is by far the most long lived one and as a consumer of course i would like to see it is never-ending but it is not practical.

Currently the most probable ones to survive in the long run I think:

1. TnG ewallet - due to toll usage and quick payment (makes just about everyone that accept TnG ewallet to accept card payment) and offline availability (? I noticed that you can generate bar code when offline after you generated it once)

2. WeChat Pay - due to reason you mentioned and their smart order integration (?) Hope they don't fuck this up. They did fuck up before.

What do you think?

I am not living in West Malaysia so I cant comment on TnG (TnG adoption in Kuching where i live is quite low, from what I observe). Wechat pay also surprisingly low. Most merchants here adopts Boost. Fave and Grab Pay second.

Where is the infamous Sarawak Pay?

SarawakPay is more attractive than Boost now if you want to pay electricity, water, assessment bills and at some retail/dining outlets.

Yeah, heard about this too. I installed SarawakPay before but uninstalled. I have a weird and stupid mindset that I would rather get less cash rewards than to install so many apps in my phone. haha. maybe one day I will install back SarawakPay but uninstall Boost LOL

Doesn't look like it.

TnG is mostly in the Klang valley. Too limited.

WeChat Pay, low adoption rate - says this poll which I agree.

I think Touch n Go will lead the way. You should look at how aggressive they are in promoting RFID, not implemented nation wide yet, but the number of installation booths that pop up is a sign of things to come.....

Really? Somebody reported my post above for giving my opinion?

Not surprising, head to TnG ewallet thread to know more.

Still now news about GoPayz...

DOA?

Today is 15/07/19, any news for Go Payz?