A few weeks ago, Tencent had announced plans to introduce WeChat Pay in Malaysia. Now we are a step closer as Hong Leong Bank has received approval from Bank Negara Malaysia to offer WeChat Pay payment solutions together with Tencent’s payment arm.
Hong Leong Bank offers an easy way to send cash from your mobile device. Called PEx, it is similar to Maybank’s Cardless Withdrawal feature which only requires the recipient’s mobile phone number. To get started, you would need to install the Hong Leong Connect app and it lets you choose who to send cash from your contact list.
There are 3 options available – Direct, ATM collection and Internet collection. For PEx direct, the recipient must be an existing Hong Leong Bank customer and they can get to choose which account to receive the money through the mobile app. Since it is an internal transfer, the transaction is free or charge.