Mobile payment systems in Malaysia: Its potentials and consumer adoption strategies

Malaysians now can make a wide range of purchase without cash, credit card and cheque.




Hong Leong bank Team Up with the Mobile Money to create Innovation to payment industry


Where the consumer required a mobile phone and can make any purchase in any where any time , whether in car, office and home.


Hong Leong Bank will team up with local Mobile Money international to introduce this innovative mobile payment which allow the consumer tp pay goods and services via SMS.



Maxis and MayBank testing Mobile phone payment


Maxis Communication Berhad is currently trialling a mobile phone multi payment service incorporating credit card and prepaid transit payments with maybank, Visa International and Tounch n Go.

Maxis touch n pay used Near field Communication (NFC) technology with short range wireless connectivity in mobile phone and this mobile phone current available om Nokia 6131 NFC phones.

• Low transaction and maintance costs


• Low startup or sign up fees


• No minumum monthly transaction, No rental fees


• No merchants account required
  
• Selling and buying to anyone , anywhere, & anytime


• Get paid fast and faster turnover in T= 2 days


• Flexible method to Request for Payment:Fixed line, SmS
  
• Good audit trail and secure tivketing


• Marketing & point system opportunity using mobile payment

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Benefit of Mobile PHONE

references : http://www.neowave.com.my/0doc/mobilemoneypaymentsystem.html