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.
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.
Apart from the usual credit and debit cards, Samsung Pay is now accepting PayPal as a mode of payment. This allows users to use their PayPal funds at more places than ever before.
Petronas is first oil and gas company in Malaysia to introduce Samsung Pay contactless payment throughout its 1,000 petrol stations nationwide. This offers customers a safe and convenient way to make payment using your smartphone.
Touch N Go is easily one of the most used cashless payment systems in the country. With its widespread adoption in toll booths, public transports and selected merchants, it’s really hard to escape using it. And it’s a convenient service…for the most part.
Now, the company has begun beta testing their brand new ‘cashless’ mobile payment system, Touch N Go Wallet. The only problem is that I don’t think they fully grasped what made TNG convenient in the first place. Why? Well, this new mobile system uses QR codes and PIN numbers instead of NFC.
After seeing Maybank Pay and CIMB Pay, Samsung Pay is finally rolling out in Malaysia. It isn’t officially launched yet but Samsung has commenced Beta trials in partnership with Maybank. With Samsung Pay, you can make debit/credit card payments using your Galaxy smartphone.
CIMB Bank has jumped on the mobile payment bandwagon with CIMB Pay. Similar to MaybankPay, you can make debit/credit card payments using your NFC enabled smartphone.
Maybank has officially announced MaybankPay, a mobile wallet service that lets you pay using your smartphone. This allows you to make cashless payments by tapping your phone onto existing Visa PayWave terminals nationwide.