This is the fishy part especially the 'investment' plan, invest 11k get 5% + 5% monthly, then invest 22k get 6% so on, the company not yet making money then how they are going to give return to you.
Only pyramid scheme can do it for the return rate.

Mind to explain more otherwise promote pyramid scheme is prohibited in this forum.
Nowadays, a lot of pyramid scheme like to use MLM or innovative product to camouflage their scheme, just becareful.

A lot of people know what is Mobile-money, Hong Leong bank also initiative one before, but definitely not the type of mobile-money as you mentioned in the investment plan.

So please explain in details about it especially the 'investment plan part', otherwise a lot of people will perceive as another 'get rich quick' scheme and thread will be closed then.

Citi also got their own method....pay bills by mobile phone
https://www.citibank.com.my/APPS/portal/gen...ile_payment.htm
or this:
https://www.citibank.com.my/APPS/portal/gen.../digi_remit.htm

got listened to it's concept...

too bad, it cant be heat up in Msia yet...

I'm wondering, if it is pyramid or some get rich quick scheme, why MW can be listed in BNM website？ Anyone...?

can u show us the bnm link to the company ????
Reason why the listed under bnm ?
The business proposal is legal on e-money, e-wallet or MW, i think nothing mention abt MLM or collecting public fund.

Why we don't trust and find fishy ?
44k is not huge amount but with 14% monthly ROI is far beyond current investment method ....
Imagine 44k * 168 % = 73920 annual return, i can't imagine how much will i make in the next three year.

My uncle is the members of mobile wallet. He already get free air ticket to Taiwan, 1 massage chair, and every month on 5th and 20th of the month, he will get certain amount of cash from this company.

MW is certified by Bank Negara but is it really safe ? Although my uncle manage to get all those benefits, I still not so sure whether it's safe.

Lately got many of investment around. Dont know cheat money or what. Just like Diamond also got this investment where u start with 10k or 30k which I cant really remember. Honestly I rather save my money inside bank or buy properties rather than put inside these scheme. Easy to go in but very hard to get out.

Well, this is the link :

www.bnm.gov.my
go under Hyperlink then E-money link.

See also under www.mobilewallet2u.com. You will find MAVCAP is also the investor in MW.

So, look www.mavcap.com and find out what is it.

this is "supposed" to be a legal company, said to be running an emall where there are certain products of which u can buy using ur mobile phone.
from what i know, MW is another form of MLM promoting their service+products and is recognized by malaysian govn(came out in newspaper before).
but as we all know, there are numerous company set up with a legal business plan to camouflage their "underground" activities. i'm not concluding here that this company is doing something not right, but just that whenever investment involving huge amount of money is needed(and the best part is u dont need to work to get your return), something is fishy. erm, like SUNSHINE EMPIRE?
logically thinking, if they really have a darn good business plan to work out, the company should have gotten loan from banks instead of collecting money from public to fund their projects, and just a reminder here, only authorized institutions can collect funds for investment from public, and thats what our Securities Commision are for. right?

just my humble opinion.

They should take loan from banks. But what is the requirement to get big loan amount? Does it banned in SC?

That's true, that's why we must very careful and scrutinise about it before commiting.

Taking public money to fund project means that the company founder or CEO carries no risk to run it, after all it is the public money not him/her, he/she has nothing to lose. But proponants will argue that it let public to share the profit, definitely

This is a grey area, as MLM can say it is a membership fee not public fund for investment then it will not violate the SC rule or need to obey the SC regulations. Their idea become clever and clever each time to exploit the grey area.

I am not saying this regarding MW or not, just we want to make clear what is that about each time.

This post has been edited by cherroy: Nov 17 2007, 10:28 AM

Hi, i have find out from my friends. It is indeed a MLM company with LEGAL marketing plan. It is doing business. No harm trying...I'm going all out to try!! hehe.

invest 11k then 5% per annum + 5% monthly?

mean get rm550 per month?

Hi, as what i know, is 5% on the 5th and 5% on the 20th. Meaning that getting about RM 1000 per month. Hehe. Good stuff ya...

vanliren, just an advise.
One needs to find out the logic behind how a company is able to give out the so called 5% + 5%. The payout seems too good to be true. That's basically 10% per month.
I've never come across business that can provide that good ROI yet. To sustain the payout, the company's profit must be at around 30% ROI per month which is virtually impossible in my assumptions. Simple logic is the 10% earning would be distributed to you guys as investor. Another 10% for salary payout to it's own staffs (assuming only little amount of staffs) and another 10% for the director's own profit.
But since it is involving in technology advancement, and needing lots of intellectual staffs, I doubted that the 10% as salary part is enough.

Simply illogical payout method. Sorry but can't convince me.

come across all those site but none of them explain or indicate the 5+5% monthly investment scheme/something similar .......

Wel, will inform when I get my 1st pay here. hehe...Pray for me.

My friend told me his uncle invest RM 40k in it. And his uncle can change mobile phone (already change and his uncle change 3 N95) using the point. Where can we actually view what item we can change using the point method ?

According to what I know, we "invest" 40k then we can get 40k points. Use these points to change what we want. Including phones and massage chairs. GreAT!!!

Why so fuss or hassle, it really want to spend, why not just use the 40k cash to buy, need to change to points to buy?