Finally, after months of beta trials, Samsung Pay is going official in Malaysia. This is a mobile payment service that allows you to make payments at card terminals using your Galaxy smartphone. Initially available only for Maybank VISA card holders, Malaysian Samsung Pay users will soon be able to cards issued from other banks and networks.
If you’ve been on Facebook recently, you’ve probably seen a post of an infographic that was published in a local daily about electronic pick-pocketing. The infographic suggests that criminals can use smartphones and other NFC-enabled devices to steal card information, at times, without you even knowing it. Then, they can use that information to make transactions “without authorisation” as well as “clone cards”.
Well, we did some digging and here are 5 reasons why that’s simply untrue.
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.
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Paying by cash is troublesome. You would need to keep a sufficient amount in your wallet and if you don’t have exact change, you’ll end up with bulky coins in your pocket. While Touch ‘n Go is gaining momentum in stores, here’s another way to pay without cash.
Maybank together with Visa has just announced the PayBand, the first payment wearable in Malaysia. According to Visa, Malaysians are moving towards contactless transactions and they are more likely to shop at a place that accepts one.