E-Wallets

How Malaysia Measures Up To Southeast Asia’s Payments Landscape

According to SKMM, Malaysia’s smartphone penetration grew from 68.7% in 2016 to 75.9% in 2017, and by all measures, will most likely show an upwards trend this year too. This puts our smartphone penetration at a slightly higher value than

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Grab and Fave Teams up To Tackle The Malaysian and Singaporean Market

Grab and Fave announced a strategic partnership for both parties to grow the respective platforms across the region. The partnership is aimed at capitalising on Grab’s user base of over 110 million downloads and Fave’s strong merchant network of over

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CIMB Introduces QR Terminal — 6 Major Wallets Accepted

CIMB Bank has introduced Quick Response (QR) Payment Acceptance at CIMB terminals. The bank claims to be first in-market to introduce QR payment acceptance to accept six major mobile wallets on one terminal. The six mobile wallet partners to be

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Bursa Listed PUC Unveils Presto Wallet – Will it Survive Malaysia’s Crowded Market?

In a market where there is a lingering fatigue of new e-wallet releases, the ACE Market-listed company, PUC Berhad officially unveils their e-wallet — Presto Wallet. On top of the standard cashless payment options for online and offline retailers, one

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Users Can Finally Pay Tolls with the TNG E-Wallet, but It’s Not Available to Everyone Yet

In Malaysia’s crowded e-wallet space, it is becoming increasingly difficult to carve a niche with each player pursuing similar strategies of giving cash backs and merchant discounts. Among Malaysia’s over 30 players, Touch ‘n Go has an upper hand that

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Finally, TNG’s E-Wallet Gets Crucial Updates, Can it Stay Ahead of The Competition?

After the disastrous release of a Touch ‘n Go reload app in March, the company returns with a newly updated, fully-fledged Touch ‘n Go e-wallet. Many in Malaysia opine that Touch ‘n Go was arguably best positioned to release a Malaysian

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WeChat Pay Launches in Malaysia With An Alipay-Killing Money Gifting Scheme

After a few months of a soft launch WeChat Pay, a QR code-based e-wallet finally makes its official debut in Malaysia into the wallets of at least 20 million active WeChat users. With such a crowded market here in Malaysia,

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Digi’s vcash Will Be on 10,000 Terminals Thanks to AmBank and an SME Strategy

Besides fintech companies, telcos have been making big pushes towards growing and developing their e-wallets for Malaysia to move into the cashless future. Digi was part of that trend, with the launch their e-wallet vcash at the end of last year.

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How Many E-Wallets is Too Many E-Wallets In Malaysia?

I don’t think there are any concrete lines we can draw about how many e-wallets in Malaysia is more than neccesary, but I would argue that over 40 is far too many for one ecosystem. And that’s just the ones

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What Is BNM’s ICTF and What Does It Mean For a Cashless Malaysia

Bank Negara Malaysia has issued the Interoperable Credit Transfer Framework (ICTF) on 20th March 2018, which has taken into account feedback received during the public consultation period on the Exposure Draft released on 7 December 2017. This new policy document

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