Publication: ecInsider Date: th 12 December, 2018 Headline: The E-Wallet Infinity War ... · 2019....
Transcript of Publication: ecInsider Date: th 12 December, 2018 Headline: The E-Wallet Infinity War ... · 2019....
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Publication: ecInsider Date: 12th December, 2018 Headline: The E-Wallet Infinity War In Malaysia – Everything You Need to Know About E-Wallet Starts Here
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Screenshots of e-wallet payment option supported by iPay88 online payment gateway
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E-money is categorized as one of the Payment Instruments (PI) (Source: BNM website)
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What ICTF does for Interoperable QR Payment in the near future?
Singapore Education Minister Ong Ye Kung, who is also a board member of the Monetary Authority of Singapore (MAS), holding a selfie board with the 27 payment schemes onboard
on SGQR (Source: MAS Twitter)
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E-money Issuers (Banks) - Total 5
Banks Products
AmBank (M) Berhad
Prepaid Card (MasterCard)
Bank of China (M) Berhad
Prepaid Card (China Union Pay)
CIMB Bank Berhad
Prepaid Card (MasterCard) CIMB Pay
Malayan Banking Berhad
Prepaid Card (Visa) Maybank Pay
Maybank QR Pay
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Banks Products
RHB Bank Berhad
Prepaid Card (Visa)
E-money Issuers (Non-Banks) - Total 37
Non-Banks Products
AEON Credit Services (M) Berhad
AEON e-wallet
Alipay Malaysia Sdn Bhd (formerly known as helloPay Malaysia Sdn Bhd)
Alipay - Enable merchants in Malaysia to accept payment from Chinese tourists.
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Non-Banks Products
Axiata Digital eCode Sdn. Bhd.
Boost e-wallet
Bandar Utama City Centre Sdn. Bhd.
ONECARD
BigPay Malaysia Sdn. Bhd.
BigPay e-wallet
Celcom eCommerce Sdn. Bhd.
N/A
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Non-Banks Products
(formerly known as Celcom Multimedia (Malaysia) Sdn. Bhd.)
DIV Services Sdn Bhd (formerly known as ePetrol Services Sdn Bhd)
Whatlet.com.my - Card for school
Fass Payment Solutions Sdn. Bhd.
Fasspay e-wallet
Finexus Cards Sdn. Bhd. (formerly known as MAA Cards Sdn. Bhd.)
Kedah Pay (State-driven initiative) Has not gone live yet.
Fullrich Malaysia Sdn Bhd
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Non-Banks Products
TaPay e-wallet
GPay Network (M) Sdn Bhd
GrabPay e-wallet
Ipay88 (M) Sdn Bhd
White label e-wallet solutions to partners who provide wallet solutions for their community / vertical etc.
I-serve Payment Gateway Sdn Bhd
Upay
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Non-Banks Products
JuruQuest Consulting Sdn Bhd
QBpay e-wallet
ManagePay Services Sdn. Bhd.
MPay e-wallet
Maxis Broadband Sdn. Bhd.
Maxis Pay
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Non-Banks Products
Merchantrade Asia Sdn Bhd
Merchantrade Money e-wallet
Mobile Money International Sdn. Bhd.
Mobile Money
MobilityOne Sdn Bhd One Pay (for agents, bill payment, reload providers)
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Non-Banks Products
MOL AccessPortal Sdn. Bhd.
Razer Pay e-wallet (Formerly known as One2Pay)
MRuncit Commerce Sdn. Bhd.
MCash e-wallet
Numoni DFS Sdn. Bhd.
NAPP - Money Transfer App
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Non-Banks Products
(formerly known as Com2U Sdn. Bhd.)
PayPal Pte. Ltd. PayPal
Petron Fuel International Sdn. Bhd.
Petron Fleet Card
Presto Pay Sdn Bhd (formerly known as EPP Solutions Sdn Bhd)
Presto e-wallet
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Non-Banks Products
Raffcomm Sdn. Bhd.
HotWallet e-wallet
Shell Malaysia Trading Sdn. Bhd.
Shell Fleet Card
SiliconNet Technologies Sdn. Bhd.
Sarawak Pay e-wallet (State-driven initiative)
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Non-Banks Products
Silverlake Global Payments Sdn. Bhd.
UTAR Silver Card
SMJ Teratai Sdn Bhd
eWang e-wallet
Touch 'n Go Sdn. Bhd. Touch 'n Go Card
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Non-Banks Products
TNG Digital Sdn Bhd
Touch 'n Go eWallet
Valyou Sdn. Bhd.
Vcash e-wallet
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Non-Banks Products
WeChat Pay Malaysia Sdn. Bhd.
WeChat Pay e-wallet
Webonline Dot Com Sdn. Bhd.
KiplePay e-wallet
XOX Com Sdn. Bhd MyXOX
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China Mobile Payment (covering wholesale, retail, online, offline, P2P etc) is larger than the
China GDP (Source: Kai-Fu Lee Ted Talk)
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"We always overestimate the change that will occur in the next two years and underestimate
the change that will occur in the next ten" Bill Gates, Microsoft Co-founder
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KK Super Mart, reaping the benefits of acquiring new customers by working closely with e-
wallet providers (Source: Revenue Monster FB Page)
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Types of e-wallet in Malaysia (click to enlarge)
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MCash e-wallet pioneered the "Pay-for-Parking" feature - such feature solves real pain
points of the consumer, something people would use without much incentive (subsidization)