I show you some of the rebate programme company website.
You will know that not only MW doesn't state their rebate programme package.
www.desquera.com
www.sunshine-empire.com
www.ipcshopping.com
Still have other rebate programme, but doesn't come with website, like AK United, Red Island Cafe and etc.

And alot of MLM business, also doesn't list their plan at website also, but this all is without rebate programme package.



This post has been edited by happy4ever86: Feb 22 2008, 08:46 PM

where is the thread starter? Personal opinion, why don't everyone put the 44k here to get 5% + 5% interest instead of put the money in bank for low rate return? And if it is so reliable, why they don't advertise it widely so everyone can get the benefits? There is a country collapsed because the government invest in MLM scheme, a country could collapse, what you think of this well call RM 2.5million?

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Added on February 23, 2008, 8:00 pmMINISTER OF FINANCE. YAB Dato' Seri Abdullah bin Haji Ahmad Badawi, do you mean our current prime minster , he is our finance minister, am i right? please correct me if i am not, thanks


This post has been edited by wyne: Feb 23 2008, 08:00 PM

I just share what I have get in Mobile Wallet, what i know about Mobile Wallet, and also my personal experience. So RM44,000 you put at bank or any place, is your choice, because that is your hard earn money. Different of bank and Mobile Wallet, my personal view is, MW get redeem product and monthly rebate, but can't withdraw out the RM44,000 at same time. Bank, I can get money anytime if the account have money. And maybe some of the people can use RM44,000K earn more money than this, so they won't get the rebate programme.

They dont advertise it widely, because this rebate programme is easier to missleading public think that MW is a investment company, not a service provider company. And also last time alot of fast money scheme company, it's too sensitive, so company is try to avoid having bad rumors about this company. This rebate programme concept is very new in MLM business, not even over 5 company.

Government invest is because of the service, not because of the MLM scheme. Government trust that if Mobile Wallet become common, it's fast, security and convenience service, since now almost everyone have a mobile phone on hand. Yes, credit card also is a good service, but not all people is having credit card, and it's required certain age. Mobile Wallet is open to any individual of all age. Am I right?



When this company establish, it's just a service provider company. But, when just starting, not everybody accept this new trend that topup mobile phone account to paying bill. Then how? So company has coming out this MLM rebate programme.

Let say I'm the company, I wish everyone using my service, but not much people accept this new trend. How can I let them keep using this service? If I come out with a rebate package, RM 13,000K with 13,000 Product Point that can redeem items, every month I still give them money rebate to their e-account, will they using our service? If they willing to with withdrawal to cash, I will earning from their processing fees 2%. Or another choice, paying their bill using our e-service, each bill i just charging Rm0.50.

I withdrawal RM500, have to charge RM10, that is RM490. And I pay to MAXIS RM 490, I got no left. But how about i just direct pay bill thru Mobile Wallet? I pay RM490 thru Mobile Wallet, charge RM0.50, I still left RM9.50 at my MW account. Maybe some of the people think that is little bit. But how about long term? RM13,000 will get RM26,000 rebate within 29 months. So I save up more.
This the way company get long term customer.


P.S : You said there is a country collapsed because of the government invest in MLM scheme, which country and what story about that? I willing listen about the story and maybe will advise myself to becareful more about MLM business. Feel free to add me in MSN, happy4ever86@hotmail.com

First of all, i apologize for my mistake, i miss think that MLM is same as pyramid scheme . please forive me

i thnk mobile wallet is also quite simllar to mobile money plan...just the investment scheme makes me confusing...

when ppl talking bout pyramid scheme sure lot of ppl criticise on its..pyramid really cant go in malaysia...in future mayb is possible...

Confuse about which part? Can talk in MSN, we can discuss discuss.

Pyramid scheme is totally different with MLM, but almost same with Ponzi scheme. These scheme doesn't come with product on hand, examples like swisscash and ebarrel, these all concept is like gambling, also called as gamble games ^^

hey,i wanna ask someting...

i just open a MW account.....but after dat oni i realise that it says 'rm0.50 per transaction'.

wat dat means?

Isit when i top up RM 5,i need to pay rm5.50 using MW?

if it is,damn expensive

can the MW thread starter let us know how's the monthly payment at this time? as i heard alot of forum and some MV members received around rm21/mth . correct if i'm wrong...?

mobile wallet sucks!!!!

Yes, Mobile Wallet sucks! Whoever has joined the investment program, please PM me.

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Added on May 28, 2008, 10:31 pmyes, almost 0.2% from the capital.

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Added on May 28, 2008, 10:33 pmyes, the percentage is around 0.2% of the capital

This post has been edited by irkab: May 28 2008, 10:33 PM

they say mobile wallet got more than 4 million user subscription base. Don't know whether this is true or not.

Btw, how is mobile wallet business nowadays? Just curious.

MW has gone with the wind along with investor's money

wow....luckily i'm into something with better return now than the MW as those fella used to call me every week. they already gone for gd....

116 cheated of RM5mil by firm offering e-cash service
Friday July 25, 2008

http://thestar.com.my/news/story.asp?file=...8044&sec=nation

IPOH: A group of 116 people have been left RM5mil poorer after investing in a company which promised high returns and easy payment of their utility bills.

Group spokesman H.L. Wong, 52, said they had each invested between RM22,000 and RM44,000 in the scheme offering to use e-cash to pay electricity, Telekom, Astro and Perak Water Board bills.

“The company promised to remit monthly between RM1,600 and RM4,400 of e-cash through our mobile phone which we would use to pay our amenity bills.

“When we first signed up last year, the company kept its side of the bargain,” he told reporters after the group lodged a report at the district police station here yesterday.

However, the company abruptly stopped payments in March.

Wong, a used-car dealer, said that when investors checked with the company on the missing remittance, it warned them not to make police reports.

“Attempts to call the company, based in Cheras (in Kuala Lumpur) also went unanswered,” he said, adding that he visited the company but was unable to meet the management.

Attempts to contact the company management proved futile.

someone care to PM the chap: happy4ever86 to come back here to clarify........

me lazy to do so...lol

This post has been edited by b00n: Jul 30 2008, 02:01 PM

Mobile Wallet office is at Queens Park, Jalan Peel. Just beside Carrefour, Jalan Peel. I was dealing with them for cross selling of insurance product until they stopped being the sponsor since Nov07. Never heard from them since.

Ya, I agree this is the current trend.

I think most people will consider to use this kinds of services in the future.

What trend are you mentioning?
This is a scam job...
Ppl are more likely to pay their bill via online transactions either through their banking account or through their cards. That's the normal trend!
Not this virtual kind of money.

it seems they just came out with a new scheme -MWPay. Reading a lot about it in some other forums. not too sure if it is a good idea. What are your takes on this, guys?

This post has been edited by kayage: Mar 9 2009, 05:25 PM

the mobile wallet is popular in korea and japan, even singapore also can to implement this kind of e-money by end of this yr.

i'm not sure about the MW here. implement MW successfully need cooperation of varies parties (mobile operator, bank, merchant, bn etc.) if the mw here do really have this kind of rebate promised for the money u put in the acc... it's just same like those pyramid inv...

i noticed that some co do introduce this kind of inv scheme..