QUOTE(x-frame @ Apr 14 2021, 10:11 AM)
Do not assume all MMF in the market has the same method. That is not correct.
You do that on Shpoee and some other platform, they will take action such as remove your credit card top up. The main thing is to avoid people from drawing money out from their credit card without any interest rate.
What you think is right, does not mean its right in the eyes of companies. And it is because of action like this that causes them to take action and make changes. So called abuse.
1stly Shopee is not MMF but Digital Wallet license hence difference in regulations
2nd GO+ is under Principal which is the MMF provider and cash out services is done by CIMB with CRMO license
So I think you are mixed up what is MMF, ecash and digital wallets
MMF way only to use cash to deposit, while now introducting and trying out through ecash via digital wallet through TnG via conditional RMO license by SC
Btw Shopee doesn’t have RMO license they are not MMF provider