The future of cashless payments is exciting stuff. This utopian future where you don’t have to carry around fat, receipt-filled wallets nor queue up for ages at an ATM machine to withdraw cash. So far, we’ve seen quite a few promising contenders playing in this space already, but the latest one to join the fray may be the most promising one yet.
Visa payWave is the safest and most convenient way to go cashless. However, there are rumours and unverified reports that payWave is unsafe and it is prone to digital theft. Some had alleged that criminals can easily steal your card details using a smartphone and they can use that to make unauthorised transactions.
Visa wants to assure you that payWave is just as secure as any other Visa chip-based cards and it comes with multiple layers of security to keep your card safe.
In the free-for-all slugfest to find the best mobile cashless solution in the world, Maybank has entered the ring with their very own QR-based cashless solution. It’s called Maybank QRPay — not the most original of names but you get the idea.
You’ve heard of Android Pay, Apple Pay and Samsung Pay. Well, it looks like there’s going to be a new Pay in the game and that Pay is called Sarawak Pay. Yep, Bank Negara has just approved Sarawak’s own cashless payment system.