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 the main problem with ewallets in Malaysia

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littlegamer
post Jan 14 2021, 01:36 AM

On my way
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QUOTE(tshin810 @ Jan 14 2021, 12:15 AM)
over a dozen of wallets fighting each other now but none dominate the market which is bad for consumers
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So u like monopoly?
littlegamer
post Jan 14 2021, 10:41 AM

On my way
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Junior Member
665 posts

Joined: Oct 2017
QUOTE(tshin810 @ Jan 14 2021, 10:17 AM)
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?
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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.

 

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