While electronic payment solutions may offer consumers many benefits, there are some drawbacks for petty traders.

Several wet market traders in SS2, Petaling Jaya interviewed told Malaysiakini that an "e-wallet" transaction takes up more time.

Many traders at the market have already put up QR codes for their e-wallet accounts several months ago with the help of agents from payment firms.

A normal transaction would see a buyer scanning the QR code and keying-in the amount they wish to transfer.

The vendor would then have to check their phones if they had receive the correct amount.

For roasted poultry seller Agnes Chong (above), this process can be pretty cumbersome since vendors need to operate a mobile phone, on top of handling cash.

"Take the you tiao (Chinese crullers) seller at the adjacent stall. By the time he's done with one transaction, his wares might already be charred.

"If you're busy, you probably won't want to use it. For me, I'll put the QR code card away during the busy festival months," Chong said.

Sometimes, new users don't know how to pay using e-wallets and Chong said she had to spend time teaching them - an added inconvenience.

Another problem for Chong was the fact that transactions take two days to reach her bank account.

"If we rely on e-wallet transactions exclusively, then we will have to dig our reserves to pay suppliers first.

"If it's a small amount, then it is okay. If it involves a large amount, then I think vendors might shy away from e-wallets," she said.

Several of the traders at the markets said they have had a limited number of e-wallet transactions in the past, but expected it to pick up, now that the federal government is encouraging it.

Vegetable and fruit seller Kelly Ho (above) believes that e-wallet transactions do have benefits.

For instance, Ho said, consumers, don't have to wait for change when transacting with e-wallets and it was safer for them too.

As a vendor, she said, e-wallets make recording transactions easier.

Finance Minister Lim Guan Eng was at the market yesterday morning to promote the use of e-wallets.

The federal government is incentivising the use of e-wallets by offering RM30 for new sign-ups to three e-wallet providers.

"This is is an important step towards a cashless society, which will help to practice transparency and accountability.

"If (one day) we go completely cashless, we can cut down a lot of corruption," Lim said.

https://www.malaysiakini.com/news/507404

In China, they will broadcast the transaction record. Hope local ewallet can do the same.

step up laa wey, elsewhere beggars also have ewallet.

Cash is king.

e wallet is the future and its booming

same to those who think online shopping sucks back those days

At my place the shop doesn't even bother to check his phone, as long as you show him your phone screen can liao.

Mana ?

Kedai makan at my condo. Jalan Ipoh KL.

In China, my friend's uncle has this simple DIY stick that he can use to poke the buttons. He is running Jian Bing street food.
is idiot proof, some people are just too ignorant and doesn't want to progress.

Interesting, got picture of this DIY stick?

Just say cash is King la.....at the moment no MDR also as I know for e-wallet except alipay, and money was transferred into account in less than 2-3days je
To check.confirmation I see customer phone je , no need check my own phone

is just a simple pencil like wood stick. attach to a string.
dont have photo.

Cash is not really king. Lots of time i give RM100 bill, mahai like dun wanna change for me. RM100 only. Jilaka.

Most of the time i just Paywave on my SamsengPay.

Most likely they love cash as it is easy to conceal ur wealth from tax authority

Or they laundering money

The only thing good about ewallets for petty traders is no need give out changes which they always have trouble, no need ask customer ada kecik ah?
But then again I think they prefer cash in hand

ya...i dont remember them checking also if i have to scan their qr...just show my screen

Ya, the dread when you see atm machine gives RM100 note.

Teething problems which should sort out by itself given some time.

This post has been edited by St0rmFury: Jan 17 2020, 09:32 AM

They complain because e-wallet got transaction in black and white, while cash transaction can easier to evade tax

by right should be like this already enough. but what to do, i guess our technology still new, vendor doesnt trust the customer or technology

smart

For that issue from you tiao seller, the incoming transaction should be notified via phone telling the amount he received. Settled.

LJ LA
tok cok sing cok song
there is always a way to settle it.
go utube / bilibili c all those ppl buy in wet market in china, scanned the barcode and pay, i seldom c them checking money in or not. store

wait for 5G lor. faster, cheaper.

Petty traders later got no cash to sailang at Genting.... owai

pay supplier with e wallet also lah

cibai

In China, they don't bother to check every transaction.

They have basic trust on the customer.

My experience.

You otak dah bubur u nak DIY stick for what. Campur bubur haha

if no data how?

if the app/bank can send a notification of money received, that would be good too

This post has been edited by idoblu: Jan 17 2020, 10:27 AM

Credit card pay wave is the best. Ewallets are a waste of time. I have to reload the wallet too and keep the money with them

I have boat but no more yet i believe i have some money in them that they would probably forfeit

Cc is the best

paper moneh is yucky as shit

i will always wash hand after handling moneh

This, the first thing after I came across this article is what you said.

I mean as if conventional CC/debit is a fast transaction? I had wasted so much time queue at the cashier counter just people some slowpoke paying with CC and it’s either processing very slow or got rejected.

exactly!
hahahahahahah

ya i prefer direct debit

Use ewallet also means businesses revenue completely transparent to tax collectors lol.

wait for DuitNow QR for direct debit from bank accounts
but scared can access the full account, where wallets has only a small amount of money....

refuse to change for the better. then when ketinggalan then cry father cry mother ah.

china ppl sell vege also using and no issue la.

e wallets are more convenient u dont have to carry to much thing around you and more safer i suppose

Yah. After chopping chickens/beef/prok at pasar, the seller use the same hand to give you the change.
Kena a few times got some pieces of meat on the note. Have to wash the money afterwards or quickly use it up to buy vege.

The example of given is good, especially those 1 man show business, they can't afford to be far away for long from what they are doing. Especially if needed to teach the client how to use the e-payment.

even Tuhan also bayar cash, u dare to defy?

want to avoid pay tax la
ewallet sell rm1 pork also gov will tax u

tongsan pipu ok only....cina here ah chi ah chor.

Yes cash is way faster than ewallets in my opinion

Have to launch app > go search for payment menu> wait for camera to launch (so long for lagging android phones)>scan and app processing> key in amount>fingerprint authorization (again sampah certain android phone x detect fingerprint the first try)>processing.. if pakai unifi mobile or umobile or even digi even worse network fail

And this is considering u already have funds in your e-wallet

First of all, the we need inter ewallet payment allowed.

And a much more efficient way of payment.

In india for example, the Google Pay acts as a mere intermediary from your bank account without the need to topup and maintain the money at different wallets.

https://en.wikipedia.org/wiki/Unified_Payments_Interface

it is... especially certain provider the QR scan slow macham siao..

the good thing for the seller is on recon and cash deposit

i still find card 'wave' is more convenient for me as a buyer

As customer, I prefer "payWave".

No need to dig out phone, launch app etc.,

jz some kiasu seller , must con9lanfirm check transaction receive

支付宝到账 : 一 元。

encourage for not only the the retailers to use ewallet. big big company supplier also must have use so that there is an ecosystem supporting this cashless.

if retailes received money in wallet, lepas tu nak tunggu masuk bank, baru boleh bayar supplier, stupiadlah. habiskan duit bayar transaction fee je.

because in china they use wechat pay, directly scan and pay and debit from your card.
oh and wechat pay is so fast in china.

e-wallet here in malaysia take ages to load when comes to paying.

e-wallet better what.
no more "takde duit kecil ke" bullshiat

Dunno why hawkers or pasar malam sellers wanna agree to using e-wallets.
Government can easily audit while saving cost from printing cash.

And stupid e-wallets always have remaining balance that u can't cash out iiam.
Like here I only use Grabpay coz have points. No points or incentives, I won't even bother.
Credit card paywave way more convenient.

This post has been edited by zerozero00: Jan 17 2020, 12:10 PM

It's just some governments' propaganda around the world, to save on money printing and less tax evasion.
Only use if have incentives. Grabpay in SG also MCB, slowly reduce points like Grabcar now.

Tok kok...

As if if I give 100 they won't need time to calculate right change and verify it.

Shadow economics should die soon la.

more like use ewallet cannot cheat tax

one thing no good next time buy thing canno 4.44 become 4.40 or 4

the petty seller 4.44 will collect 4.44

This post has been edited by cofin: Jan 17 2020, 12:21 PM

my phone no data so just a fad.

That's because they are cultured, unlike people here

Salahan all those mobile telco cause line slow or bad connection.

Here said .. ATM in big town is isolated in China

1) this one the seller issue

2) this one user issue

3) this one ewallet vendor issue

lol....all side memang ade issue

cash = no trail. can report apa saja for tax
e wallet = got trail. kenot under report tax

Malaysians and complaining about change, name a more iconic duo lol

Leceh la all these qr bullshit

So slow need to take ojt the phone, unlock it, go to the app, the stupid apps will spam u with offers, u open the qr after fiddling around, then you find that you phone has no internet

CC paywave is the best

This post has been edited by wild_card_my: Jan 17 2020, 01:03 PM

Paywave better

Vera on streets.

Yeah cultured, sure.

personally I noted the payment may not be successful and will by own integrity find the way to pay back the shop. I done it at 7-11, and local shop I eat lunch at.

Cant
Janji ikhlas

cashless society is the way to go

next year everybody age 18 and above will get income tax ID automatically courtesy of LHDN

with verified e-wallet+income tax ID there is no where u can hide now

perhaps one day gomen will start charging ppl when they use cash just like cheque

indeed. paywave very convenient.

problem with current e wallet like u said lah, so many pages to go just for make payment

summore got spam shits haih

First time experience, Samsung pay i get free kenny logerrrs chicken drips

always highlight their kampung people vera but turn a blind eye to all of the uncivilized behaviour or malaysians

People who have spent time in both places know clearly who is more uncivilized

India and bobs&vagene

Lanjiao. Every time I pay with e wallet the merchant gets a notification. You don't need to manually check.

Pui! Excuses! Lanjiao la!

widely used in china yet complain too slow for malaysian market...macam lah we process million dollar transaction everyday

Only FAVE got this function

this is the reason why malaysia still noob compared to others.

not willing to change but expected changes.

A lot of people also do something similar. See money on the road, pickup, and find a way to "return" the money, by buying from some shop.

alipay got, wechat tarak.
especially those roadside stall.
u just show phone, they belief u.
it's ironic that in china, people hav more faith in others compared to people here.

U guys so funny when use cashless complain, use cash also complain

For me i prefer paywave, but bank cc very less cashback compare to boost and grabpay.

Sounds like most problems will dissapear when people are more used to ewallets. Also a matter of how you use it. Instead of checking own phone can tell customer to show their proof of transaction, while serving the next customer.

It's all just a mater of adapting. It works well in China, Sweden and India. Can work in Malaysia too.

Visa and MC need to step up their game to compete with e-wallet transaction fees.

Tng ewallet also ada. Need to tick enable Quick Payment at the settings page