Remember not everything is 1% CB as there is exceptions

Most likely you get the love letter 🤦‍♀️ because too many facial recognition when doing transfers

Obviously 1% cash back is better 🤦‍♀️ 8x points is slower

8X is limited 🤦‍♀️ to only Grab services and the promo is expiring in about 2weeks time so it is not as good as 1% cash back with less limitations

Nothing to do whether it is physical or virtual in the 1st place 🤦‍♀️ it is settlement whether it is being done immediately or once a day

For example retail like F&B and supermarkets settlement is only done at the end of business day hence you expect another day before cash back comes in

Already 4th batch already 🤦‍♀️ while some 2nd batch internal staff haven’t even got their cards yet

The reason why it is smooth for now because it is not loaded yet with many not usable features you just wait till it is loaded up tonnes of feature like Tiger bank then you know why

ASM is not banking license holder 🤦‍♀️ in the 1st place that offer savings accounts

Yes because it is merchant imposed charges on the consumer itself unless the merchant decide to waive it

Because it is fee imposed from the banks itself to use the EFTPOS payment gateway to the merchants

Previously before Covid most merchant will absorbed it but now higher operation costs and lower margins hence why most merchants will self imposed it to cover the charges

Yes under EFTPOS no distinction on debit or credit just the card provider network itself

EFTPOS doesn’t bother whether debit or credit 🤦‍♀️ it is segregated by the network card provider

EFTPOS reader doesn’t need to because it is only defined by savings or card which simplify and for faster transaction

You can’t compare 🤦‍♀️ because each country payment systems setup differently and charges differ because processing differs based on what it is setup by country central bank

Previously Malaysia also have CC or debit charges until BNM decided to take action and imposed blanket mandatory to force the merchant to waive off those charges

When it is already locked up why do you touch it 🤦‍♀️ unless do you want 2% bonus

Which is why it is different plain old standard 2% pocket otherwise why GX bother to offer 2% top up bonus for it

Yea BNM forces the merchant acquirer to lower the charges 1st to below 1% which make the merchants able to absorb the charges

As long as you uses any payment provider in the world there is a charge called Merchant Disount Rate which are imposed on every transaction on any card provider which can only be lowered by each country central bank through the country financial regulation

Consider good 🤦‍♀️ but not as good as EU central bank payment regulation which currently is the gold standard

Can’t say for AMEX because the charges are different and higher which why many banks are not willing to offer

Also, under the recent US ART deal there isn’t any submission and compliance for financial regulations otherwise it will be another BNM itself

Yes through PCRF and interchange centralized process changes they are able to lower the fee as low as 0.2% these days