Merchantrade Money cardholders can now make contactless payments through Google Wallet and Samsung Wallet using their smartphones.
The company said it is the first homegrown non-bank e-money issuer in Malaysia to support native tap-to-pay transactions across both wallets.
Users can add their Merchantrade Money Visa Prepaid cards to either wallet and pay at contactless Visa terminals in Malaysia and overseas.
Payments can be deducted from supported foreign currencies that users have converted in advance through the platform’s multi-currency wallet.
Users will not incur foreign transaction fee markups when spending from those balances.
The service can also be used on supported contactless public transport networks and at retail outlets.
Transactions are secured through Visa Token Service, which replaces card details with a digital token during payment.
Cindy Loo, Executive Vice President for Merchantrade Money, said,
“Enabling native NFC payments in Google Wallet and Samsung Wallet was a natural evolution to ensure a uniform, cardless experience at physical card terminals. It removes the hassle of searching for your card in your bag or fumbling with your phone.
Whether our cardholders are tapping at a local store in Klang or navigating payments overseas, we believe this update gives them the ultimate speed and convenience upgrade.”
Cardholders can add their cards through the Merchantrade Money app or directly through Google Wallet and Samsung Wallet.
