Publication: ecInsider Date: 12th December, 2018 Headline: The E-Wallet Infinity War In Malaysia – Everything You Need to Know About E-Wallet Starts Here

Screenshots of e-wallet payment option supported by iPay88 online payment gateway

E-money is categorized as one of the Payment Instruments (PI) (Source: BNM website)

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)

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

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.

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

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

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

Non-Banks Products

JuruQuest Consulting Sdn Bhd

QBpay e-wallet

ManagePay Services Sdn. Bhd.

MPay e-wallet

Maxis Broadband Sdn. Bhd.

Maxis Pay

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)

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

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

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)

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

Non-Banks Products

TNG Digital Sdn Bhd

Touch 'n Go eWallet

Valyou Sdn. Bhd.

Vcash e-wallet

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

China Mobile Payment (covering wholesale, retail, online, offline, P2P etc) is larger than the

China GDP (Source: Kai-Fu Lee Ted Talk)

"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

KK Super Mart, reaping the benefits of acquiring new customers by working closely with e-

wallet providers (Source: Revenue Monster FB Page)

Types of e-wallet in Malaysia (click to enlarge)

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)