Early birds will safe, ok ~
This company start running at 2004, start MLM business at 2005 and get their AJL and so call MLM license...
Till now 2007 and almost 2008, if like this, it's still safe for you ?

Quite puzzle about the rebate programme, just like your above mentioned, 44K investment can get 5K return each month indefinitely throughout several year? If every month get Rm5K, one year become 60K and 2 years become 120K already. Put 44K become 120K in 2 years time? -> realistic?


Are you sure this company belonged to MOF? Any link?

Also got any website to refer? I manage to google about mobile wallet, got its website but none of inside mentioned about the 44K or the rebate programme as you mentioned, so where do you get it? Only can find the Mobile Wallet is a E-money channel that enable you to pay by phone and top up like prepaid card using respective banks CDM or soem other channels. There is none mentioned for the rebate programme or reward programme as mentioned.

I could only find the website
http://www.mobilewallet2u.com/en/main_about.html
PS: I hold no responsibility of the link.

This post has been edited by cherroy: Dec 30 2007, 06:10 PM

With the RM44K member package, yes, each month can get 12% rebate, that is almost around RM5K per month ~
Believe it or not, depend on you ~
Maximum you can get until RM135K, not for whole life ~

Yes, MAVCAP is belong to MOF, the link is http://www.mavcap.com.my/
Picture is here :


Mobile Wallet website we didn't put so much detail about our rebate programme, we called this program as SPCC.
Where did I get it? Im as a member, sure I direct get it from company.
The company is located at Cheras, Jalan Peel road there ~
Just around Carrefour ~
Try go there have a look, or if you willing let me bring you go, it's not a problem ~

Any question?

http://www.mavcap.com.my/ = http://www.mobilewallet2u.com/en/main_about.html?
Are you sure? I really confuse now.

At the Mobile wallet website it stated Mobile Wallets is belonged to Mobile Wallet Sdn. Bhd. and Mobile Wallets Sdn. Bhd is licenced by BNM to run E-money. But none of the website in it mentions about MAVCAP.

But I can find any information regarding the rebate or reward programme of 44K in your link. It just said MAVCAP is a investment arm company of MOF, that's all. Are you sure this is the right website?
If it is legitimate, why not information regarding it?

Confused.

This post has been edited by cherroy: Dec 30 2007, 06:19 PM

MAVCAP is the largest shareholder in Mobile Wallet SDN. BHD. with RM2.5 Million
MAVCAP is belong to Minister of Finance Inc.


The RM44K rebate programme is not state at www.mobilewallet2u.com, because we also didn't provide online register at mobile wallet website.
But there is some of the activities or promotion related with RM44k rebate programme is state at website.

With those AJL license, MSC certificate, Bank Negara, SSM license... I didn't see which part is getting illegal, if you found that, i will clarify with MW company.

But the Mobile Wallet website got online register as the link I posted leh. It also got step by step how to register and use.
But you said didn't provide register online?

The main problem none of the website do provide any informationr regarding the 44K rebate programme, the website just say you can top up whatever money you want in order to use. Any link for that?
It is the 44K the most matter, as why people want to top up so much money which generally average people won't be consuming or use to the money to purchase goods or online payment in short period of time.

That why i said it's hard to explain at forum >"<
The online register is for basic member only, not the rebate programme ~
Online register is just for user that can get use mobile wallet system ~

Rebate programme you should go company listen about it ~
Or if you want the marketing manager telephone number, I can give you, as he will explain till more clear ~

Ok, below is some of the Mobile Wallet slideshow picture, you can try to refer it ~
http://www.colamango.com/mw/gallery.html

For RM44k matter, monthly that the rebate you get, will transfer to your e-money wallet, if you willing to withdraw out, you have to pay processing fees to withdrawal out ...
But if you willing to pay those bill with using e-money wallet, you don't need have to pay extra processing fees...
Mean that if you pay ur telephone bill RM500 with your e-money, it will only deduct RM500 from your e-money wallet ~
If you withdrawl out to pay your rm500 telephone bill, you have to pay more than rm500 ...
Slowly that lots of Mobile Wallet user willing to use e-money to pay bill ...
Our MW member that using e-money to pay bill is increasing ~
And also if you use Maybank or AmBank to top up your e-money, maybe is leceh abit or what...
The resit that the bank give you, you have the chance to lucky draw...
And you using e-money to topup your prepaid mobile, you get the rebate, examples rm50 maxis, you only have to pay less than rm50 ~

Kinda confuse as what you had explained are not the same as listed in the actual Mobile Wallet website.

I had no problem of understand the normal rebate programme even CC also go this kind of rebate 1-3% which is well known to the public.
Just the 44K programme as you mentioned is really confusing. If put 44K then can become 135k in short period of time, is it become as same as Ponzi or pyramid scheme already? Another important point is Mobile Wallet webiste didn't state they had this kind of programme at all.

That why i said you should go company try to understand yourself ~
CC, what is that? Mind to explain it?

RM44K what you feel that so confusing? RM44K then become RM135K in short period of time, because company take out 30% from their overall profit, and take out 30% profit of those billing with MW, 30% profit from their merchant partner, this is the 3 way how our monthly rebate come from. RM44K you get back until RM135k in 27 month, per month RM5k.
RM135K - RM44k = RM91K in 27 month, mean that per month RM3.3k like that, you dont think it's reasonable?

If Ponzi or Pyramid Scheme, will MW get approve to using e-money?
Will MW get AJL license and will MSC give out certificate to MW?

Mobile Wallet website didn't state that had this kind of rebate programme, but doesn't mean Mobile Wallet company didn't have this kind of rebate programme.

Ok, i dunno this will get prove that Mobile Wallet have running the rebate programme or not, however, this is the promotion annoucement :
http://www.mobilewallet2u.com/en/latest_pr...on_news004.html

Rebate programme also mention as SPCC package ~
RM44k - SP1 package
RM22k - SP2 package
RM13k - SP3 package

Sound fishy about rebate programme, but you didn't try to take out those tradisional business mind thinking, try accepting those new era of business, nowadays every business is using about this kind of plan, profit sharing and get a win win situation on both consumer and merchant.

When it comes to mlm claims, when in doubt, the best way is to follow the money.

Let's say MW has only one member, Mr A. He puts in 44k and converts all to MW points. Let's say Mr A is very generous and he spends all 44k in one month, purchasing from MW's merchants/partners/vendors. Ok, so MW (the company) gets a 30% rebate (but which vendors are so "kind" to rebate this much? Nevermind, let's assume it's so ). The assumption is very very generous here, becoz we are calculating 30% on the gross value of goods and services purchased, which is a huge rebate margin. Whereas your example is only 30% from "profit".

Right, so MW gets a rebate amounting to 13.2k (44k x 30%), yeah! MW then credits Mr A's account with 5k in month 2. Mr A (being very generous), spends all his 5k. MW now gets 1.5k in rebate. MW now has 9.7k (13.2k-5k+1.5k) in the bank, still enough to credit Mr A's 5k in month 3. Mr A again spends everything, and MW gets another 1.5k. Let's check MW's bank account, wow..still have 6.2k (9.7k-5k+1.5k)! Enough to credit Mr A for another month!

So month 4, Mr A spends all his windfall yet again. MW gets another 1.5k in rebate! So rich already! Let's check MW's bank account again, now it's 6.2k-5k-1.5k=2.7k. OOOPPSSSS......only 2.7k??? Where got enough to credit Mr A's account? And still 23 months to go!! Double OOPPSS...

Maybe it's time to get more Mr Bs, Cs and Ds to join in?

Not trying to diss you, but if something sounds too good to be true, then it usually isn't. Perhaps you should recheck with your uplines again and see if there is anything you miss out to make your arguments more convincing.

actauly, rebate has been very common in most mlm company. previously thye are known as global profit sharing or something and is only entitled by ppl in almost top level.
as for today, the profit sharing is open to all..
why do they use rebate? because it's illegal to use the term profit sharing, and it would cause lots of problems.

jst my 2cent la. like in LB (im not a member) ppl like u know who (SYN) get 1% profit sharing of LB global sales.

jst my 2cent, pls dont bash me

"Sound fishy about rebate programme, but you didn't try to take out those tradisional business mind thinking, try accepting those new era of business, nowadays every business is using about this kind of plan, profit sharing and get a win win situation on both consumer and merchant. " This one I 100% agree. if you keep continue to think in the traditional way, then it will be hard to open a new bussiness market. Go to read the Blue Ocean strategy http://www.google.com.my/search?hl=en&q=bl...+strategy&meta= and you will find out the what is actually Blue Ocean Strategy vs Red Ocean Strategy. The most important thing will be the Blue Ocean Stragegy that has been applied in MW. Frankly speak, I already saw the ads. at the road side of Elite Highway and newspaper. Check it out yourself to verify it.

The trend of using the Mobile payment is getting nearer and nearer in Malaysia as it provides "fast,convenience and secure" concept which can satisfy the users without charging the money when you pay your bills. Cheers............................ even TNB, Telekom,etc. They already support the SMS Hotline to let their customer to report the faulty. Maybe I shall post some history of the "Mobile Wallet" - The term of using the mobile devices to make the payment here as I have done some mobile wallet research before during the University life.

---

Added on January 4, 2008, 12:48 pmMobile Phones Developing New Business Uses
by Rick Hendershot
Author's Home Page

The "mobile wallet" idea is similar to what was being pushed in the 90s as "M-Commerce" -- using cell phones as mobile payment devices. But the current manifestation of the idea sees mobile wallets also carrying electronic versions of other things usually found in wallets -- membership cards, loyalty cards, and other forms of identification.

Advocates of the mobile wallet concept include credit card companies, hardware vendors, credit card terminal companies, and traditional wireless companies like Nokia and Cingular. Industry representatives project there may be as many as 25 million wireless subscribers in North America by 2011.

** Consumers Not Excited about Mobile Wallet Concept

But according to a recent study by In-Stat, U.S. consumers are lukewarm to the idea of using cell phones as mobile wallets.

The survey of consumers found that only about 33% of those surveyed were interested in the idea. 72% of respondents were concerned with the additional fees that would be attached to this service. A smaller, but still very significant, number of respondents were concerned about the potential loss of privacy and security.

** Mobile Wallet Idea Big in Japan

The mobile wallet concept was given a large push in 2005 when a number of major Japanese credit card and mobile phone companies formed the Mobile Wallet Alliance. The incentive for such a service is greater in Japan than in the U.S. and Canada because fewer Japanese consumers rely on credit card transactions. The mobile wallet is seen as a replacement for cash -- especially for "micro payments".

Japanese credit card companies and mobile phone companies both see this as a future growth area because it will increase cell phone usage as well as reliance on the credit card infrastructure.

Things are a bit different in North America because use of credit cards is already widespread. So converting customers to cell phone payments does not have the same appeal for North American credit card companies -- they already have the business.

However, other non-credit card payment processors such as PayPal actually do have a vested interest in seeing the mobile wallet payment system move ahead. Paypal, which has developed a massive online presence have an obvious interest in moving into more traditional payment processing areas. They see mobile payments as a way of offering an alternative to consumers and taking business directly away from credit card processing companies -- just as they have done online.

** Cell Phones and iPods being used for Tour Guides

Another expanding use for cell phones is being experimented with in places such as New York City where several companies are developing audio tours for places like museums, art galleries, and even street tours. WNBC reports that the Museum of Modern Art in Manhattan offers audio tours on handheld guide devices, and also makes the tours available in MP3 format for free on their website, and even at iTunes.

These tours can be downloaded and then played on your iPod or MP3 enabled cell phone while you browse through the Museum. Just don't be surprised if you're asked to stop talking on your cell phone while in the Museum.

One similar service includes walking tours narrated by celebrities, developed by Talking Tours. These audio tours can be accessed by cell phone. The $5.95 charge will be added to your cell phone bill.

Another service is made available by Soundwalk. Tours are avaible on CD or as a download. You can then load them into your iPod, cell phone, or other MP3 device so you can listen to an "insider tour" while you "walk the walk".


Article Source: http://www.article-host.com/

This post has been edited by ejykluang: Jan 4 2008, 12:48 PM

i think, better we refer to BNM. go and as them properly. show them the 6k, 13k,44k plan. get advice from them before join this kind of bussiness. actually, i'm really confused y the mobilewallet.com didt show the 6k-44k plan. y? we need to ask ourself. something wrong there. we'll know until we register as thier members. kindly comment.
tQ

BNM is just approve the e-Money from Mobile Wallet, nothing to do with those Rebate Programme ~
Mobile Wallet website mainly is for basic user ~
So that why didnt show up at website to confuse consumer ~
If really something wrong that you wanna figure out what's wrong, you can PM me for the marketing manager phone number ~

Yes ~
Our Mobile Wallet is partner with Maxis ~
Mean that we can using Mobile Wallet to pay bill or top up their handphone ~

Generally most people have no doubt about the legitimility of Mobile Wallet. Just the investment part, most people will feel dubious about it.

Actually it is the other way round, the more it didn't show up the website, the more public will confuse about it and suspicious about it.

Investment part? We ain't a investment company ~
We are selling Rebate Programme Package ~

I agree that the more it didn't show up at the website, the more public will confuse about it.
But for those who really interesting to know more about Mobile Wallet, why not get yourself to company to know about it?

If there's no attraction in the first place promoting it in own website, what to get the attention of consumers out there to notice the company in the first place?!

Again who in the sane mind would fork out RM44k in the first place if it's not investment? I would rather make my 44k grow in liquidity instead of putting it in as a rebate for more points. Sorry, that's the truth.

Btw, all this while you've been promoting it as an investment tool.

Telling people to put 44k into it then can get 132k, not investment? Oppss, it is called rebate programme, right?

You buy the same amount RM44K, you get the same amount of product examples : massage chair, handphone, healthy food product, pen like Mont Blanc, laptop, etc.
Depend on which product do you want, it's this called investment?