you cannot withdraw to bank. because of this all macik nasi lemak, pasar malam etc won't use ewallet as payment option. BNM should force grab, tng to allow withdraw to bank at least 1 free withdrawal a week.
i like using ewallet bc easy ma but this issue really bothers me.

shopee pay can

Why ask people to use for business if cannot withdraw?

what u saying la.
if u do business, shud apply proper business ewallet & hav proper qr code.
not use your wallet as business.
business account can withdraw to bank la.

no need stupid ewallet shit. just use fpx payments. i go to one shop they use qr pay if not mistaken from Securepay.my or something.

can straight pay from my bank account. no need to install specific apps like maybank one

Don't know you are dumb or just ignorant.

If you are business owner, when customer uses e wallet the money will be banked into your bank account attached.

Aduhmak

over a dozen of wallets fighting each other now but none dominate the market which is bad for consumers

Withdraw for what...

More like there's way too many ewallets.
Consumer who are not tech savvy pening
End up pay with usual mode of payments la

LOL katak bawah tempurung

Well at least you can fumble around the McD kiosk with a few ewallets and none of them works

ts tot cannot withdraw then business owner needs to use all money inside to buy something haha

they ask you to take selfie with IC tho before you can transfer to bank account. i know it's for security reason, but it just doesn't feel right to me.

So ur own research, biz tng wallet can withdraw money d

Simple problem i guess

Money laundering

This post has been edited by wertty: Jan 14 2021, 12:37 AM

Ppl use tng simply cuz of free credit. It will die off eventually

Kemaluan TS teramat besar

Wait for national qr.. all can use single qr code

like kena held hostage

$$$ can in kenot out

eWallet as a Customer, so far only Shopeepay one can withdraw from the app. try with TNG, grabpay, lazada not able to from the app, but I heard if you complain to them via email can.

You got your degree in business from where? Since when competition is bad for consumers?

thanks to the ewallet abuser, most close the loophole

Malaysia is adopting the duitnowqr mode. Now you can even use CIMB clicks and scan maybank qr and payment can be done

U must be new with e wallets

The one simple fact is that e wallet apps DO ALLOW business users to withdraw money to their bank account, it's just that it's not instant because it will only go through in a day or two after u made a settlement

Reasons why some merchants still insist on not adopting e wallet as payment method are because:

1. They're not exposed enough to tech stuff so cash is safer to them
2. They need instant cash because their business not doing well
3. They're not willing to pay for MDR fee because their business not doing well

What you said is never a problem, you just need to know about it, that's all.

Of course business can withdraw otherwise whats the point of receiving payment via tng. Majority consumer concern is once reloaded can't withdraw with defeat the purpose of ewallet. Might as well call it edebitcard

TS not biz owner, listen to apek, makcik then assume. Even an idiot knows if can’t withdraw use for what? Untung bagi t’n go?

TS question was towards business users, not consumers

If you're talking about consumers like us, u gotta blame those cheapskate idiots who abused the withdrawal system just to get that few ringgits of breadcrumbs from their puny credit cards which is why now most e wallets don't allow withdrawal anymore

My take is that not being able to withdraw is fine if u just reload a sufficient amount to ur e wallet or just reload whenever u wanna use it before making ur payment, I don't think one would reload like more than RM 1k unless the person is buying something expensive.

This post has been edited by xperiaDROID: Jan 14 2021, 01:19 AM

So u like monopoly?

bnm did try to do something. They introduced duitnow qr, the point is to unify all ewallet under the same qr code and with that you can possibly transfer to your bank without incurring charges. So far only shopee is on board, lets see

Who said cannot? u can use the universal QR duitnow by bnm, shopeepay can withdraw too



this one FOC
https://ordersini.com/#content-6]https://ordersini.com/#content-6

now u can use all banks ewallet to pay using duitnow qr, including shopee pay

soon, bigpay, boost, tng, grabpay, favepay will integrate with duitnow qr

https://www.duitnow.my/DuitNow-QR/index.html

Can wat

All jumping on hype train, none of them dominating.

Thus I'm still pay wave je

This. TS never seen business one, thats why laa.

Why does it bother you when TS is not the one doing business? Maybe you need to go back to school and get educated? Also btw, don't lump all ewallet together. MAE ewallet from Maybank functions the same as a normal bank account. You can transfer in and out of your MAE account, and you don't need to open a Maybank account. I'm not talking about FPX, you get an account number for your MAE account, you use that to instant bank transfer from say your CIMB Clicks, it just works.

This post has been edited by thewan: Jan 14 2021, 04:41 AM

Not only e-wallet but don't be surprised to see folks embracing back OLD/LOW tech further on when devices are even MORE expensive while MORE folks can't afford to buy/upgrade.

E-wallet merchant and normal account not same bro. Sum more most nasi lemak makcik didnt register with ssm, cannot register as e-wallet merchant.

Business register as merchant because no need to go bank in cash every evening, end of day report are automatically generated by the app, and some ewallet offer 0% charges while card terminal typically charge 1% for every payment.

As for customer, less trip to ATM to withdraw cash for use, plenty of rewards and cashback, wont forget topup TNG card/RFID and bloody block the whole smarttag/tng lane at 5pm weekday.

Also, contactless payment. cash dirty.

I realized that sometimes paying cash is faster than login my wallet and clicking the number for payment. Will the merchants return us any money if we inserted wrong number for payment?

i think touch n go will gain market share.
It can be used for toll gate/pay direct from e-wallet.
This is the reason people keep it.

Other e-wallet will simply die off without a core feature use.

Grab wallet can do the same with the riding system.
But problem with grab, not many people actually pay for the taxi everyday, which makes the core feature less desirable.
So people might not look at it as regular app.

maybank ewallet bestest


MAE > all

your business class got teach a dozen of wallet competitors to benefit consumers? Enlighten me.

you guys are overreacting. dozens of wallets without makes consumers hard to use, because merchants cannot support that many wallet payments, that's why we still in the cash/credit card era. I would say max 3~4 is ideal.

Can you imagine if there are over 10 credit card issuers?

maslan_bingung.gif

I presume you are a customer and not a business establishment.

AFAIK, there is 1 whereby the customer can withdraw your money to your bank account. Quinpay.

The good thing about Quinpay is, if you do it right, you can get 50% discount from shops that accept Quinpay.

The bad thing about Quinpay is, Quinpay is not listed in Bank Negara as ewallet. But for shops that do accept, you can use it just like an ewallet.

I thought this was the problem.

Ewallet need to be monopoly or limit to just a few

Two sides of the coin.
Competition will spur operators to gip lower transaction fee to merchants, increasing take-up rate.
Users will be given sweeteners to use a particular ewallet (this is debatable, as ultimately somebody has to pay for these sweeteners).

Downside of too many players is users cannot utilize one wallet exclusively, resulting in opportunity cost of having cash stuck in multiple wallets. Not every merchant accept all wallets, although I observe TnG is slowly gaining dominance.

Tats why I now use only MAE

All others allow you to send money to bank accounts only after validation checks

Maybe you need to rephrase this, for ktards have poor comprehension.
They will think we do have over 10 cc issuers - Maybank, Ambank, SC, Citi,...

Malaysia do have more than 10 credit card issuers. Way more if it's globally.

Having many e-wallet sure is a problem but this won't be a problem in the future as the government has launched DuitNow QR. It's a single universal QR code so the merchant just need to have one seller account, GrabPay for example, and he can accept payments from any banking or e-wallet app.

Ewallet is lousy and low tech. Suitable for small stall and vendors.

mae sudah

easy to use

Thought TNG just got their license? They should be introducing link to bank feature soon.

U do know that acquiring a cc terminal cost merchant money? Not to mention places like lowyat like to charge 2% for using cc
Meanwhile many merchant I been to always ask me to do tng or boost or grab if I can.

In covid era don't think cash is anywhere viable. Also not to mention getting cash backs from topping ewallet from cc, easier transaction with ewallet (despite many).

China has been with cashless way before our time, thought we can't have 1 app do all, multiple ewallet still better than cash. And if you don't like certain wallet just use one, like me.

i prefer ewallet...

no need touch money...

haram sial duit tu....

I think the problem is too many Ewallet around la

lol this is the stupidest thing I've heard today... thanks.

You don't want any of them to dominate the market. Let them come up with a viable model which would naturally draw the most market, other ewallet will follow resulting in healthy competition

This post has been edited by amir.asyraf: Jan 14 2021, 10:51 AM

Ayam use cos got diskaun and free shiet. If no benefit then no point la.. but well free shiet is good.. So u can use cash while paying for our free shiet. Same context with CC

back then it was worth it to go through all the hassle to get points from those ewallets. now all the loopholes are either patched or restricted.

the only problem with ewallet is there are too many. make 1 platform that you can manage all of them. I have balance in boost, tng, grab, shopeepay. Because not everyone support every platform.

Well it should reward proper usage rather than loopholes to churn money. That is equivalent to money laundering and friends la..

Now i use specific wallets and pay for stuff for my extended family since they are potato.. i pass along diskaun, get cash upfront for payments and collect the points while having mcm yes credit record.

I just lol at people using e-wallet payment cause I always see them fumble around the apps, not enough cash in wallet, no phone signal, problem with store unable to accept the e-wallet, re-login into payment apps (some apps really like wtf after update without any notice have to re-login while standing in front of cashier like idiot)

Me, I just whip out cash like a boss and straight no hassle.

Don't know about we-chat in china but I won't feel very comfortable if one payment apps dominate everything. It usually means if they start charging fees, u wont have any option but to accept. There needs to be standardization and regulations on it to protect consumers.

This post has been edited by TrialGone: Jan 14 2021, 10:53 AM

awaiting for touch n go to become the one ewallet to rule them all.

inb4 syarikat kroni monopoli

tbh
ayam oso pening lol
one shop got tng, one shop got boost, one shop got grabpay la
like imagine if go to different shops, one shop accept cards from padini wallets, one shop from crocodile wallets, one shop from abah moomoo wallets. liddat i oso revert back to cash la. most shops pakai one
and then there's the issue of fumbling thru the apps, cannot scan la, no connection la

but ewallets are good for not having to carry too much small notes. if ayam doing side gig selling stuff den getting the exact amount of payment is nicer.

With e wallet, Credit card will obsolete soon?

I use for rfid. Also once in a while got extra reward or cashback. A few cashback here and there, can save a lot

tng also need ic pic

I still like CC, one is postpaid the other is prepaid. I use which ever that gives me the most benefit and depends on merchant availability. If they accept CC, CC is always the first choice. If no then only eWallet. Last is cash, or unless something that I cannot let my wife know

You are right ... many "Business" operator dont have proper documentation, lesen pun tak semestinya ade.

Proper business registration pun takde camne nak apply proper business ewallet.

Thats Bank Negara Requirement for all deposit taking entities

Take it up with bnm la

You're right, it's called Credit card network

you're so smart that you cannot even understand my meaning and straight away attack me. Do you even know what does "dozen" mean? and you mean a dozen of wallets are healthy competition?

As of now paywave still faster than qr code, that reason alone i prefer more on paywave let it be physical card or nfc payment, just tap and payment done

Yes it is. The more the better. Sure you feel inconvenienced because there's so much and fragmenting the market, but that only shows adoption is relatively still in its infancy in Malaysia. When adoption matures, we'll see the list narrow down to the more successful providers, AKA those that deserve it.

Competition isn't bad for consumers, at all, both short and long term.

there arent really a dozen, the mainstream one are still tng, boost and grabpay. Let them fight it all out, see who will come out on top. Basically, if you have the 3, you are covered for all shops that accept ewallet.

take up rate will definitely not as fast as expected, because cc is still dominant. China is only fast because, they skip the cc era. so they only have ewallet as their choice. Hard to lure people away from cc, due to people are used to it and attractive cashback and free gifts during signup

TS posted a dumb story and MIA

Our e-wallet is at a state of stagnation where the next improvement can only be done through nfc(paywave) and also direct link to bank card and straight debit. (No wallet or too up involved) Also, all the e-wallets in Malaysia I’d say is inferior lolol. Just bring in Apple and google Pay and all our ewallets will die. E-wallets in msia are just the software version of prepaid debit cards. It’s really nothing revolutionary. We copy tongsan Dino tech and think it’s new tech while everyone moving on to nfc payments

And I don’t agree with too many e-wallets. It’s like fragmentating money

This post has been edited by KekTart: Jan 14 2021, 01:15 PM

Debit card/credit card are way better.

Who the heck bring lot of cash nowadays outside. It's not safe with current condition. Rising of unemployed people.

Even nowadays u can pay using card as low as 0.50 cent. Just use paywave and u done.

This post has been edited by xpole: Jan 14 2021, 01:09 PM

CC still better than ewallet, let me tell you; in CC if fraud transaction happened, 1st degree debit holder is bank

whereas in eWallet or debit card are, consumer is the 1st degree debit holder. any fraud transaction is direct geared by consumer herself. can't on hold transaction, can't refund without opponent return the money

let alone marketing stunt like pay wave, QR code

Yeah, same experience. The technology is good, but the policy and implementation are bad. The experience in Jakarta is better.

The other day I wanted to purchase something at Levis, but they don't offer e-wallet not even QR pay. I went across to Giordano instead and purchased there instead because they have a plethora of e-payment channel. Their loss, not mine.

TnG is the worst. Top up? Done within 0.01 seconds. Want Refund aka withdraw to bank? Hahahahha

peranjao.. can withdraw to bank la.. on business account.

personal ones just topap and use la. takkan u accidently reload 4 digits of cash inside?

not withdraw, is direct transfer to bank account after statement came out

kesian TS, cannot abuse withdrawal.. then blame ewallet..

I like e-wallets but still got many of those small noodle stalls accept cash only.

Like go Cheong?

knn, this "soon" i wait until my neck long

everyone should be that standard by now.

This post has been edited by Boldnut: Jan 14 2021, 02:08 PM

Maybank's MAE allow you to transfer your money to other account via Instant Transfer.

You can also do ATM withdrawal if you use MAE card.

It's not a problem if you choose the right one, they're not there to force you to use it

No one told you to use all the e wallets that's available

They're indeed flooding the market, but it's never a "problem" because it's still entirely up to you on which to use.

That's called slowpoke and dumb

If the app isn't working, then use the other app, if still same problem then use card, many ways to go cashless without issues

And also have at least a little bit of cash in ur wallet in case of emergency, it's not hard

Personally have not been using cash nowadays, 99% are either e wallet or card.

Let me tell you, not everyone is eligible to apply or want a CC

Also let me tell you, don't use the debit card that's tied to your main savings, but use another debit card for payments instead

And also let me tell you, e wallets will be responsible if unknown transactions happen.

If business ewallet acc cannot take out money
Those big market how to use those e wallet by personal?
One day dunno how many k sale

Nothing much you can do if you got poor data connection. Sometime it shows 4G and sometime H and E.

why cannot withdraw also trigger u
u reload Thousands per go izzit?

only fools would put money in ewallets that can't be withdrawn

.....yes, precisely my point on the e-wallet clunkiness.

U may not be slowpoke but there are definitely gonna be people out there using e-wallet the slowpoke way. U probably be wishing that guy just use cash if he hog the cashier line for 10 minutes.

I see aunties still struggling scanning mysejahtera apps, lol.

This post has been edited by TrialGone: Jan 14 2021, 02:56 PM

shopeepay can but u have to take selfe holdin ic, see my previous thread where i am panicking about doing this my life is gone

p.s. i say my life is gone cus some guy told me my data is gonna go to china

This post has been edited by burberas: Jan 23 2021, 02:18 PM