Hi all, have you heard about MobileWallet? It is a new trends in Malaysia. It is approved by BNM in e-money.
www.bnm.gov.my. It is shown in e-money...legal in Malaysia. MW brings HUGE money to me.

PM me for details. Possible to meet up in KL.

p/s: sorry if I promoting MW here.

By the least you need to explain what is that and also what has it got to do with finance and investment.
If it has nothing to do with that than be prepared for your topic to be closed like all those advertising and referral topics as it's not suppose to be here!

quite interesting but need more explaination

Hi, thanks for the reply. Well, e-money meaning that we are going to do like japan and those fast developing countries. No longer carry so much cash with us. We are using PHONE as a wallet...when we do any transaction, just a sms will do, money will deduct from there.

Normally, when we swipe credit card, there is a charges. But now, the charges go to our pocket!!! Is OUR pocket.

And for the merchants, they prefer doing business in this way because when consumers spend, if they paying by CASH, they might think twice for the price. But yet, in the phone, the money is only DIGIT, so, feeling like easier to pay. And when consumers spend, the charges go to us.

Well, anymore questions just ask ya.

Thank you.

This post has been edited by vanliren: Nov 14 2007, 08:42 AM

Sounds like a UK technology mentioned by my HK friend. Very familiar

sounds fishy dude

what we earn? 3% of the charges? like cc? when u say MW, it applies to big players such as jusco etc i reckon?
how are we going to make from it?

Its called M-Money or Mobile Money...

FYI, its not very user-friendly...
Coz user will be charged for checking account balance and other services..

i found this quite surprising research of ewallet in japan,
http://whatjapanthinks.com/2007/06/15/majo...ets-sit-unused/

b4 that better think throughly why do you think it would work in malaysia, huhu..

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Added on November 14, 2007, 10:19 amhaiz.. if there is more charges, i rather use cash..

This post has been edited by jong52yuara: Nov 14 2007, 10:19 AM

I rather use credit card, of course use it wisely because I can enjoy 20 day free interest from the billing statement date and pay in full prior to due date not the minimum amount. Prior to that plan your purchase so that you have the fund to pay the CC later.

You can put the fund for 20 days in the account where it will generate some return for you.

This post has been edited by kuya: Nov 14 2007, 10:35 AM

Actually the mobile wallet is the project that MW running...

Yet, there is a investment plan for us to invest. Somehow, when we are the member, then we are able to enjoy those new technology which other countries already have, and we can have great return from the investment plan. The most is around 14% monthly!!! I'm enjoying now...and most of my friends too...

Anyway, it is FREE for you to understand MW.

Hope we can have the chance to meet up if anyone of you is interested.

Thank you very much.

PM me la...

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Added on November 14, 2007, 8:46 pmM-Money and Mobile Money are from other company. As what i know, if im not mistaken, Mobile Money is from Hong Leong Bank.

You can check it under www.bnm.gov.my--->Hyperlink---->e-money link

This post has been edited by vanliren: Nov 14 2007, 08:46 PM

why cant you explain more details here instead of asking ppl to pm you for details..i mean you have open a thread to discuss aye?

i doubt tat dis thing is under mlm again...

Yaya, you are right. So sorry, im new to LYN.

Well, this is the short decription about how I'm earning the 14% monthly.

There are 3 plans for us to invest.

1st is RM11'400 ---> return is 5% + 5% monthly
2nd is RM22'000---> return is 6% + 6% monthly
3rd is RM44'000 ---> return is 7% + 7% monthly ( every 5th & 20th )

The money will credit to your handphone. So that you can transfer the money to your bank account or you can also keep partial in the phone as you money as MOBILE WALLET.

And the most interesting thing is, when you get a friend to join the RM44'000 plan. Immediately the next day RM6600 + RM400 (reward) total RM7000 will be credited into you handphone. WOW!!!

Actually Mobile Money is standalone company and they are affiliated with some banks like Maybank.

Hmm.....dont really get it...
Its not the same thing i mentioned about...

U mean u invest 11.4k and get return?
Seems like get rich scheme..

Sorry, but if you can't explain the concept on how the company is going to pay whatever 5%+5% or 6%+6% than you're not going to convince anyone here.
Anyway try to explain why the " x% + x%" first.

If not, it's just like any other get rich scheme.

get member again? really sounds like MLM. invest 11k can get back wan ar? 1st of all, why do i have to dump in 11k? i thought it's MW...meaning ppl use my money to buy things ar? explain clearly plzzzzz

You sound like one of the college students trying to persuade people into joining one of the MLM schemes.

When you say 5% plus 5% monthly, what does that mean? Meaning if i invest 11k i get 5% interest per annum and on top of that i get 5% return per month? Dude that sounds too good to be true, frankly, it sounds fake.

And are you from the company or just one of their members trying to pull others into joining this scheme?

You haven't exactly explained how the whole payment works in detail, and since we've never heard of any such thing in Malaysia yet, is this something new or what.

So how do people pay by their phone? Do you first have to create an account with Mobile Wallet and top up money in the account? So when you purchase something at a participating merchant, you just send an sms to the company with the transaction details or what?

this is totally different with Mobile Money.
Mobile money is a card less credit card.
Mobile money is run by MNC.
And u pay nothing to join mobile money.

Hi all, so sorry to make you all so blur about this.

Actually what im trying to do just wish you all to give some advice on this MW.

Obviously, it is not like M-Money or what....It is Mobile Wallet. Of cause we need to top up cash to MW to use as a WALLET to buy things. There is no charges on the users when they spend. But when users spend (pay bills, reload..etc) , the charges go to user instead of the pos office and etc.

So, this project is already running for 3 years. But is not user friendly, like what waCKy-Angel said. So now, MW is going to expand the business by upgrading thier system. It needs money of cause. So, the money that we invest is for the expansion in business. The MW Square is one of the project MW going to run. (you may find out more about MW Square in the website) .

As we are the pioneers in MW in the new projects, they give us the return such as the percentage I mentioned. x% + x% meaning the return MW give us on 5th and 20th everymonth. The money goes to users's phone. So that users may spend it as MOBILE WALLET or transfer all or partial of the money to the bank account.

Hope this can make some of you clear about it.

And of cause, I just wish to let Malaysian know we have a great project like this running in Malaysia. Hope you all support.

An example for you all. If no one buy Coca Cola again, I think it will no longer appear again. So, support from you all is important for MW. By doing this, we might have more income too...

Thank you.

If any questions, just shoot...i try my best to explain. And give some advice too ya.

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?

beware.... dude

hello, any updates from ppl who join this investment?
my friend just join this investment and exchange n95 for rm44k investment + monthly 14% return.
Fishy isnt it? but really tempted to join...

my friend already called up Securities Commission to ask about this company, it is not authorized to collect any investment funds from public. and they also did remind to report to them if this company does collect investment from public and promise monthly returns.


guys, nowadays there are many companies set up to take advantage of the loop hole in system(rules and regulations) set by govn.

EG
sunshine empire, which is a subsidiary of empire group recently started a construction project in MELAKA and claims that its part of their members investment in the company(best of all, MELAKA chief minister was there for ground breaking), but many didnt realize that actually the project is under empire group, if sunshine empire goes down, the project will still continue, but the project has no direct link to your investments, hence you will not be able to do anything about it. this kind of camouflage thingie is pretty famous nowadays, i advice all those who want to get into investment be careful on this things.
i am not saying that MW, or SE will definitely go bankrupt, but there is a very high possibility it will, as no one company in this world can afford such high payout, even warren buffet, the greatest investor in the world right now cannot promise u a 120% return every year, what makes u think MW and SE can?
yes, MW is an MSC company, it is credited by BNM, but how sure are u that you 44K is going to the legal part of the company? my guess will be, you are just investing in one of MW subsidiaries. and when its gone, ur money's gone, but MW's not going to do/dont have to do anything. after all, its free money.

point will be another loop hole ...
when the company/sub gone or bankrupt, they owe u nothing then point ....

Let me try to share some information.

Those people who joined early "Early Bird" definately will get the returns as promised and will break even after 6 months.

I don't know the background of the company. Even they are approved by BNM on the project but that does not mean that the BNM knows what they are doing. Initially the company might propose up the plan and approved by the BNM on the M-Wallet project. The company uses this approval and draws up another strategy plan to run this mlm.

Think about it. If the monthly returns is about 14% and per annum is 168% and this money is payable to the investors as the results of capital contributed for them to run the project.

168% is the cost of capital of the project. In the view point of the company and shareholders, why don't they finance this project by obtaining the loan from banks and pays 10%+ - per annum interest rather than 168%?

Conclusion:

Early birds will earn and see whether you dare to join now and wait for 6 months to breakeven. If everything smooth in these 6 months, then you are safe. Otherwise, say bye bye to your money.

44k can buy a few dozen N95 already, why need to go through it?

I would want to reiterate my previous statement.
What's the logic behind the high pay out?.....give it a thought...

WARNING!i advice all the investor MW is a MLM company also!
i had join the company before.
poster,if u want i can provide more comments here with my experience also.
and poster, i wanna know how long you join this company already before you give opinion
on my comment!

errrr.....care to elaborate more?...don't get what you're trying to express here.
We knew it's running on MLM strategy to fund their business.

i wanna wait until the poster-vanliren coming out only i will give more comment.
i m really dissapointed of this company(MW) here and i dont want other people to get involve.
once the poster reply on my comment i will make sure this post getting close!

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Added on December 5, 2007, 10:41 ama remind for all moderator also-The posting of any MLM, get-rich-quick, referral programs, pyramid schemes is strictly prohibited here and anywhere else in Lowyat.NET. Any such postings will result in an immediate 3 day suspension of your account.



This post has been edited by TradeMaster: Dec 5 2007, 10:41 AM

Yes, thanks for the reminder.

Until it is confirmed the programme is 'get rich quick' or whatever against the law, moderators generally will leave it for time being, until it is confirmed or proven, something like given benefit of the doubt, not guilty until proven. Some of forumers also raise suspectibility about it before, and this thread being left alive so that we can found the actual fact of it.

It is also tough job for moderators to find out sometimes, as some of them can use camouflage strategy to make it being seen legitimate.

For sure, we won't let a thread that promote illegal stuff in the forum.

Please share with us if you know anything about it, as it only will beneficiary to all.

Thanks.

This post has been edited by cherroy: Dec 5 2007, 10:57 AM

as what i said before i want the people who posting this kind of MLM company infomation standing out now pay responsible and give opinion on my comment then i will prepare my 'machine gun'...
beware poster,on every word you said during the session you answering me!

This post has been edited by TradeMaster: Dec 5 2007, 11:13 AM

Too unbelievable to be honest.

are you talking about me?
are you poster's friend?

Powderful, I couldn't understand you.

ya agree, point is a strategy
very simple, all this kind of money game is all about $$ roll $$
u give them money, they give u points
when bonus come in also as points, they will try to reduce/prevent cash payout to strengthen their cash flow.
majority of payout in this kind of companies are not withdrawn but reinvested, so company is actually taking in lots of $$ but giving out only minimal amount.

if not how can swiss cash survive for such a long time?
even if govn didnt close down their activities, i think they also will close down themselves very soon.

http://www.bnm.gov.my/index.php?ch=103&pg=638
List of Issuers of Credit Cards, Charge Cards, E-money and Remittance Service Providers


http://www.msc.com.my/cs/company/default.asp
Listing of Active MSC Malaysia Status Companies


http://www.kpdnhep.gov.my/index?cpath=65_8...an_Langsung_sah
SENARAI SYARIKAT JUALAN LANGSUNG YANG DILESENKAN BI BAWAH AKTA JUALAN LANGSUNG 1993 -( Mengikut Jenis Pelan Berbilang Tingkat MLM)


Suruhanjaya Syarikat Malaysia (SSM) Mobile Wallet SDN. BHD.
Shareholders/Members



NEWS



This post has been edited by happy4ever86: Dec 30 2007, 05:02 PM

Why? Because of they wanna get the Mobile Wallet monthly rebate program ~
You use RM44k to join member, you get 44K points to redeem items, but every month you still get e-Money rebate that can paying bill.
You use the 40K cash to buy items, once you buy, the next month you get nothing, that's all ~

the 44k points you can redeem Giant cash vouchers or BHP petrol voucher ~
every 6 points equal to RM1 (for Giant cash voucher or BHP petrol voucher), mean that you might get RM7333 product ~
if changing their own MW product like massage chair, evevry 1 point is equal to RM 1 ~
depend which product you redeem ~

This post has been edited by happy4ever86: Dec 30 2007, 05:12 PM

How does company make money? And where is those rebate come from?

Company is using mBill System Service earning money, but how?
After joining this Mobile Wallet, you will get a e-Account, every month you will get rebate from company, depend on which package did you buy.
Once your e-Account have e-Money, you can use those money to pay bill like those Maxis, Digi, Celcom, TMNET, ASTRO, Telekom, Tenaga National, Indah Water, even Summon also can pay by Mobile Wallet.
Mobile Wallet will get 1.5% - 3% profit from those bill payment, but those profit not take from member, is take from company that i listed at above.
It's similar with those credit card company, they earning those 1.5% - 3.0% or even higher while you using their credit card.
So you think MW is earning or not?
Other way company making money is get mobile merchant partner.
Like Nokia, Mont Blanc, Fujitsu etc. MW selling their product using e-Money, MW will get profit from those merchant.
MW still have alot of other way earning money, but it's hard to explain all at here ~

Future, car installment, house installment, credit card payment can be pay by Mobile Wallet!!!

Rebate come from?
Every month of 5th and 20th, company will rebate members with their profit turnover, depend on which package you bought ~
Let said RM 44,000K package, monthly you will get 12% rebate : 5th rebate 1st time 6% + 20th rebate 2nd time 6% : 12%
Now everymonth is getting around RM5000k like that ~

What is the use of getting MSC certificate?
MSC provide Mobile Wallet competitive financial incentives, including Pioneer Status (100 percent tax exemptioin) for up to ten years.
Or an Investment Tax Allowance for up to five years and no duties on the importation of multimedia equipment.
1 year, Mobile Wallet can save up to RM33,600,000 because of MSC free tax certificate.

We have our own AJL license to running MLM business, not those money game company ~
MAVCAP is invest at Mobile Wallet 2.5 Million, MAVCAP is a company that belong to our ministry of finance ~
And it's a biggest shareholder at Mobile Wallet, so you don't have to worry about this company is illegal ~

I won't say that this is a risk free ops company, but it's a low risk ops company ~
It's still depend on you how to look at Mobile Wallet, yours money, yours choice ~

This post has been edited by happy4ever86: Dec 30 2007, 05:46 PM

It's really quite fishy if you dunno how the plan or Mobile Wallet working ~
But if you have the time, you can go office that held at Cheras there for a look ~
Or asking the Marketing Manager explain to you ~
Just around Jalan Peel Carrefour there ~

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.

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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?

Great!.....basically one is to put in RM44k in the start.
Whereas when I need a massage chair when the time comes, I only need to fork out RM8k. When I need handphone when my handphone is spoilt, I use RM1k. etc..... The rest of the money that is not spent I can use it to increase my assets or other investment portfolio. So when I need for instance a house, I can liquidate some of my portfolio to gain cashflow for buying a house or maybe other furnitures when I need it.

I need not park my RM44k (if I have it) in one place.

See the difference between what I meant by liquidity/cash flow by dumping RM44k one go and spending RM44k within a span of many many years?!

Also previously you mentioned about the company returning back RM5k per month or whatsoever....what's that than?!.....

You're seriously making a lot of ppl confuse here.

This post has been edited by b00n: Jan 8 2008, 04:58 PM

Mean that our RM44k is giving out same amount product and monthly rebate for you, easy?
So that's called package

I rest my case. I think a lot have given their thoughts. I would only say good luck to you in promoting.

Seems like we 'pusing' and 'pusing' still get back the same route, no clarification or confirmation on the 'rebate programme'.
nvm, I also rest my case here as nothing more can be discussed further.

imho, we should b clear wat r teh reason gov's arm n gov agency's gave such investment/ approval 2 the company... but where can we get such info maaa.... wud the central banko share info wit us?
Like sum already mentioned, it's e-money that being approved by central banko. Going further detail, small e-money which limit per e-wallet to RM200 only. so, how the hell that big sum could goes to ur e-wallet account e.g. the 2 x monthly returns?

Mavcap issue... who exactly knows wat MAvcap does with the monies? to invest... where? into IT-based companies that they feel (usually conned by) have innovative, future growth bla2..... no further comments on this coz dunno wat to say laa

AJL... MLM watever... i dun see the company in the list (from the link provided sumwehre in this thread) - illegal???

Partnership with maxis? its not partnership lorrr... normal telco prepaid business la. further, maxis save, no need to make prepaid cards, all using soft pin lorrr... straight forward maaa...

With Maybank? Ask the Tiger-a lorr.... who dun wan to earn commission? shud i bother ur business if ur business go thru my business n i gain....

so, dun get xcited when u get the 2 times payout in a month if it just only for 2-3 months. These payout not yet cover ur investment.. worst if u haven't cash out.... this means u r virtually rich lorr, but once the company pull the plug, u think u can check ur MW balance at any bank

my fellow LYN forumers who thought sumthin' fishy 'bout the program, great . U got the wise men thinking... Let the smell stays, let the smell strong so others who have yet to invest would smell it too and those already invested can't stand the smell and take out their money fast, take care our hard gain money, but dun b duped into the MONEY GAME. until our beloved moderator dcides to take action on the this thread.

eheh, almost forget lorrr. Just now I mentioned about the company pull the plug...if it really happen maaa.... who gonna pay the public/ investor monies? The G' or its agency? Think hard lorrr, dun bluntly invest (errr greddy) but later complaint here, complaint there.... who's fault? who greddy at the 1st place?

This post has been edited by dscythe: Jan 16 2008, 04:25 AM

If the rebate plan is legit , it should be publish to the all.
All the info mention about m wallet only shows that it's legit to
do the electronic wallet payment system and MavCap investment
in the company only show potential in the cashless system idea,
nothing is mention about the rebate plan from all the press release.
It is indeed fishy.

It is hardly to explain in website, so company didnt publish at website ~
If it just publish like that and without well explanation, more people think this is money games ~
So, the website show information about company roughly ~
And about the SPCC package (rebate plan), it need our explain ~
Because concept of rebate plan still very fresh in MLM market, it's really hard to explain though internet or website ~
Alot of people even through human explanation also not clear ~
Isn't it?

Can explain more ??? Quite interested leh

U r right & it bcum worse when the xplanation changes from 1 up/down-liner to another/ potential networkers...
so.... imho, dun bank in on grey promises from individual when there is no balck & white, get clarification from the company.... sumtime i just mad with those who think they r clever in becuming rich in a quick way without referring to the right party, then complaint when they bcum poor or felt cheated for their own stupidity

hmm..i would like to share my exp with fellow LYn,i hv been to the presentation with my fren yesterday nite..despite of all the promises being made from the sp1 which is the 44k pack,which is a min 5-10% "returns" in a month and a introductory offer that ends at 29-2-2008,all of these are empty promises as my fren's parents are quite interested but when asked for quotation or any other Black n white doc...the presenter said there were no such doc as this will not be printed B&W..and explained that if they printed out the banks will all "closed down",and might take legal actions towards them...and even for them...they hv purchased the sp1 44k they also hv nth B&W printed except for the e-account statement and a certificate that proofed they own the "package".nothing more...pls correct me if i'm wrong...

This post has been edited by yujon1111: Feb 13 2008, 10:54 PM

That means they can just disappear and there's nothing you can do. The only we can read about in their website is their function. Nothing about their rebates. Besides, if all I've to do is to put in 44k and enjoy 5k a month returns, but of course they will pay you RM2,500 on the 5th on every month and another RM2,500 on the 20th of every month. All I have to do is spend some of the returns and I can ensure continuous returns. If thats the case, since 2004,I'm pretty sure non of us have to work anymore.

My friend told me that you can go to the HQ which situated at the 6-6-3, 6th Floor, Block 6, Queen's Avenue, Jalan Shelley, 55100 Kuala Lumpur, Malaysia. to collect your receipt to prove that you have bought the package. All are written on the paper. Black and white.

Yeap, if so susah neeed to pusing here and there, i prefer to use cash or debit card or credit card [which i will pay on time lol]

My advise to LYN forumers - stay out of this. I sense money game here/ 5D - Duduk Diam-Diam, Dapat Duit!
Can u imagine - there's a guy who use his 3 credit card to purchase SP3 worth RM13,000 using "Hutang" card with expectation to get high return?