Due to the recent massive decline in eWallet value for GRAB (used to be x20, x9 then x3 and now required even more points to redeem stuff) and Boost (more points required for exchanging cash with lesser value), and Bigpay point is difficult to earn if you are just using for topping up eWallet.
Consider you only earn 1 point for every RM10 spend, to redeem a flight outside Malaysia one way will cost at least 10,000 points......

As for touch n go (only good if there is a campaign running, otherwise you don't get any benefits out of it).

Is eWallet still worth it?

I would personally go for NO, and switch to using credit card with cashback instead or switch to card that gives me at least x5 and x8 points for exchanging vouchers in future.

Yes, not worth at all.
Faster close all e-wallets now.
Just credit card will be the best.

It depend on which ewallet
for boost, i earn coin and donate to needy charity organization

started it with grabpay as well but after they changed their reward system i used up all my points and stopped using it already. now was looking into boost since that one is prolly the only one that gives good reward / fave but holy molly the cash back in fave is such a scam. 10% cashback but only for that same store.

been wanting to use CC but no applepay and also CC rewards are so trash compared to 1st world countries. its almost as if no one wants to change and stray away from using cash.

Feel free to not use it as you wish, there are many others that use it as what it is made for

Not everyone uses CC

And not everyone likes swiping CC to spend future money and getting more debts in the end.

This post has been edited by xperiaDROID: Jul 22 2020, 06:24 PM

Why not? It is double kill when you use CC to reload ewallet.

You get cashback from CC (there are many CC still offering cashback for reload - up to 10% cashback).
+
And you get points when u spend using ewallet.

Grabpay rebate in the form of points is about 1.9% (rm1 spending x3, 160 points = rm1)

Citi card 10% on grabpay reload (max cashback 10,to reload rm100)
PB quantum master 5% (max cashback rm30, to reload rm600)




This post has been edited by Kyan0411: Jul 23 2020, 10:43 AM

Favepay is only worth it if you are a regular customer of the store.
For example, there is a foodcourt in 4season hotel that can use favepay. U earn up to 5% discount everytime u spend there and can be use for next purchase and get cashback again.

y not, better than cash at least

Just paid to a electricity account, RM10 got RM1.32 cashback. Ewallet can be better than credit cards.


Attached thumbnail(s)

SarawakPay is a very good rewarding wallet with great feature embedded.

Cashback is bonus, i use ewallet because of convenient.

Yes.
To accumulate points and it is quite convenient to use as well

Ya why not. Cc+ewallet combo
Go generate extra interest or invest your cash before cc due date, etc

For me, hardly use them anymore.

Stopped using boost after all the benefits seemed to dry up and rewards seem pitiful.

Never used grabpay much, and don't use it at all now. Just link directly with my credit card for Grab and Grab food instead of topping up money into the wallet.

Touch NGo only for tolls.

The rewards just don't seem to be worth the extra time and effort opening up the wallets to scan QR codes and preloading money into it compared to paywave.

Yes, can use it when there is promo
Also there are many small store do not accept credit card but accept e wallet, so is better than nothing

The Purpose of E-wallet is for convenience cashless life, not discount. tq

The fact that you can't withdraw the balance (at least for TnG) makes it not worth it for me. I don't really care about points but I do care about my money being stuck in some shitty 3rd party's app. I used it because it was convenient and I didn't have to carry cash around but it also meant I had to topup every time after calculating how much I needed to pay or use. Cash is still universal.

Cc all the way, use ewallet only when cc is not available.

1 thing I don't like about ewallet is the spending limit.

i really did try my very best to favor e-wallets in my payments. during the introduction phase when e-wallets were handing out discounts left & right, it was worth the hassle to do so. keyword here is 'hassle'.

With CC, I just take out my Visa and wave, transaction completed in less than 5 seconds. With E-Wallet, it's a 5 minute ordeal that goes something like this:

Me: You accept TnG?
Merchant: Yes.
Me: Ok, wait ya I find my app in my phone.
Me: Found it! Wait ya for my app to load.
Me: Ok loaded. Eh, how much again?
Merchant: RM45.90
Me: Oops not enuf balance, wait ah I top up.
Me: Ok done. Eh I scan or you scan?
Merchant: You scan.
Me: Ok, wa so many QR codes on display, scan which one?
Merchant: *points to the TnG QR Code*
Me: Ok. *Tries for a while* Eh why my phone cannot scan wan.
Merchant: You try put the phone further a bit.
Me: Ok can already. Eh why the merchant name different from your shop? *shows phone to merchant*
Merchant: Yea that is correct.
Me: Ok. Aya, how much again?
Merchant: RM45.90.
Me: Ok can scan already. Wait ah, screen loading.
Me: Ok can already. *shows phone to merchant*
Merchant: Ok thank you.

So yea, e-wallet still has a long way to go before it beats CC in terms of convenience. Besides that, I don't like the 'trap' of having balances in my e-wallet. It kinda encourages over-spending, no? "Aiya I still got RM9.50 in my wallet, alang alang we go buy Tealive la to finish up the balance."

This post has been edited by encikbuta: Sep 7 2020, 09:40 PM

it depends on individual & merchant you encounter... in most of my cases ->

small merchant - i scan them - less than 5 seconds

me: *pre-scan the code when i'm queuing or reach the counter...
Merchant: RM9.90
me: *key in 9.90* Done! *show them my screen and walk away*



big merchant - they scan me - less than 10 seconds

me: *opening the app*
Merchant: RM9.90
me: grabpay/boost/tng, then show them my QR code
Merchant: okay... take their terminal and scan.. Done


e-wallet has better control on how you spend and how much you spend... for example i reload RM600 into wallet first in using CC and earn 5% cc cashback to the max... then using it daily and i know how much balance i have for the monthly spending... versus paywave, which i can spend alot up to credit card limit without knowing how much i spend (the fastest posting date may be 1-2 days, vs ewallet is instant posting)

the conclusion is if you want fast, reload your wallet first (earn the 5% cashback from CC, eg PBB quantum card 5% for online transactions by loading ewallet , then you can use in any transaction via e-wallet)

using credit card paywave will only entitle you cc cashback, while using ewallet entitle you cc + ewallet cashback + instant expense tracking history.... and to me the payment time are more or less the same...

and lastly,you cannot use paywave/ credit card for saving/investment, but with e-wallet you can... eg: CC -> Boost -> SSPN-i or Opus Touch... which earn you 5% from cc + Boost coins, in front of any future investment return...