If I buy something online using the card that is in USD for example, will it deduct the money from USD wallet or from MYR wallet?

USD.

Kenanga buys stake in money services operator Merchantrade

KUALA LUMPUR (Oct 28): Kenanga Investment Bank Bhd said it has acquired 4.99% equity interest in Merchantrade Asia Sdn Bhd, a leading e-money player and the country’s largest money services business operator.

This follows Kenanga’s recent collaboration with Merchantrade to introduce Malaysia’s first stockbroker e-wallet, Kenanga Money, it said in a statement today.

https://www.theedgemarkets.com/article/kena...or-merchantrade

The wait is finally over. The e-Wallet is now RM20,000!

Yes that’s right. Your same favorite e-Wallet, now TWICE the size, DOUBLE the fun!

Now you can do more with MerchantradeMoney. Keep more, spend more, send more. T&C apply.

Click here to find out more > https://www.merchantrademoney.com/upgradewallet/





This post has been edited by cybpsych: Nov 1 2020, 08:44 PM

AmBank partners with Merchantrade to enable Hybrid e-Wallet – a first in the market cross border, multi-currency payment solutions.

We are very pleased to partner with Merchantrade, as part of our FinTech collaboration agenda to develop the first in the market cross border, multi-currency payment solutions by leveraging on cutting-edge technology and an innate understanding of the market and fast-paced environment we operate in.

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AmBank partners Merchantrade Asia in hybrid e-wallet venture

https://www.thestar.com.my/business/busines...-wallet-venture

KUALA LUMPUR: AmBank Group has partnered Merchantrade Asia Sdn Bhd in a hybrid e-wallet venture as part of the banking group’s fintech driven initiatives.

AmBank said in a statement on Thursday with this hybrid e-wallet enablement, Merchantrades’ customers will have a much larger e-wallet capacity while reaping the benefits of the bank’s current account-i.

It said this strategic collaboration will also improve customer experience and ease the hassle of e-wallet top-ups. This implementation, it said, will make it more convenient and cost-effective for the user.

Group chief executive officer, AmBank Group Datuk Sulaiman Mohd Tahir said the partnership with Merchantrade is part of its fintech collaboration agendas to “develop the first in the market cross border, multi-currency payment solutions by leveraging on cutting-edge technology and an innate understanding of the market and fast-paced environment we operate in.”

He said digitalisation is riding on the coattails of the pandemic. With physical distancing and travel restrictions, he said AmBank was working to transform anything that can be done online or virtually.

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Dato’ Sulaiman Mohd Tahir, Group Chief Executive Officer, AmBank Group said,





Commenting on the partnership, Ramasamy K. Veeran, Managing Director of Merchantrade Asia said,



This post has been edited by cybpsych: Feb 26 2021, 08:12 AM

means this card will become the debit card instead?

it's a hybrid

RM20k merchantrade wallet size + RM30k Ambank Current Account-i "hybrid" account with multicurrency function.

when you move the fund to hybrid account, it's has interest (small amount).

they have more product features rolling out after this.

i see so merchantrade app user didnt have to register for that said wallet la?

anyone has experience to buy crypto in binance?

Merchantrade also using visa

Just to update, I tried to buy usdt from binance using merchantrade visa. For testing purpose only buy eur15, managed to get OTP but didn’t went through also tried for 3 times.

hi, I have tried myself, and the payment goes through. U should try using Binance in the browser. The otp website on phones is glitching, and u can't click anything using your phone. While using the browser, the OTP page is no problem, and the payment does go through. But the downside is the currency rate. They are slightly higher than the bp MasterCard. I would suggest if u cant have bp MasterCard, u cant try to buy using a merchant trade card.



This post has been edited by lordirfan99: May 27 2021, 11:26 AM

I tried with the phone it went through after OTP but the screen freeze so it didn’t went through so I thought cannot.

Affin Merchantrade Prepaid Card

ambank or affin better?

If I am not mistaken from reading around, I can't deposit SGD directly into this card right?

Deposit in RM only, then convert to a foreign currency.

Thanks for confirming. I'm looking for a card that can deposit in any currency unfortunately...

Not possible lah, it is still based in MY and regulated by BNM.

But Merchantrade Visa is good, I just bought GBP at 5.686 (currently 5.67-5.69) this morning for future use, if I use another credit/debit card to pay directly to a UK merchant, the conversion is around RM5.80.
P/S: Alternatively use WISE to transfer into a UK account / prepaid card, around RM5.70+, then use the UK debit/prepaid card to spend.

This post has been edited by ClarenceT: Nov 4 2021, 01:50 PM

Oh! I do buy from a UK merchant sometime. What do you fill in for your billing address? My merchant locks the billing address to UK only.