Jul 30 2023, 07:41 PM
QUOTE(caviars @ Jul 30 2023, 07:09 PM)
Is there any e-wallet that is protected by PIDM?
Well i found this at first search.Member of PIDM. HLB Wallet/-i and HLB Wallet+ are protected by Perbadanan Insurans Deposit Malaysia up to RM250,000 for each depositor.
https://www.hlb.com.my/content/dam/hlb/my/d...account-faq.pdf
But then this one is interesting. I could not verify if this website has legitimate info or not.
QUOTE
Does PIDM protect my money in eWallets?
PIDM is a government agency which protects our deposits in banks.
Outside of banks however, perhaps the biggest concern for users using other forms of financial services (such as investment apps or eWallets) is whether or not our money is protected in the same way.
The answer?
Yes! PIDM protects eWallet users indirectly by protecting the funds that are placed by eWallet companies in PIDM member banks.
However, remember that non-bank eWallets such as Grab and Boost are not PIDM member institutions, hence PIDM does not directly protect e-money which is being used as a payment instrument.
PIDM is a government agency which protects our deposits in banks.
Outside of banks however, perhaps the biggest concern for users using other forms of financial services (such as investment apps or eWallets) is whether or not our money is protected in the same way.
The answer?
Yes! PIDM protects eWallet users indirectly by protecting the funds that are placed by eWallet companies in PIDM member banks.
However, remember that non-bank eWallets such as Grab and Boost are not PIDM member institutions, hence PIDM does not directly protect e-money which is being used as a payment instrument.
https://ewhallet.com/blog/post/e-wallet-law...ons-in-malaysia
But if you think about it, MAE account is separate from your MBB account. Even though you can see both account balances and do transaction on them. My MAE is 0.00 because i do not use it. In this case, i think MAE account is similar to TNG Ewallet. Both are not protected by PIDM.
QUOTE
The balance in the GO+ account should not be treated as E money, deposit; and is neither capital guaranteed nor capital protected by PIDM.1 Oct 2021
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