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?