@ Thomaschai82, I wonder how can Mpay relate to Alipay?? This is because Alipay had GHL tight up in Thailand last year. Therefore, based on the business record, if Alipay would come to Malaysia, GHL stand higher change as their collaboration partner.. shouldn't it? Or can you please share with us should you have better infor that we have omitted previously. (i support Mpay as it is 100% Malaysia based company)
ghl is doing the terminal(the little machine for retailer for "collect money") for alipay. mpay is doing own "alipay"
mpay will only head north if the mpay wallet success. there is high chance mpay wallet will success. alipay is using rmb as the currency, which is inconvenience for msian, and i dont think jibby will allow other currency to be common use in msia. no any country will allow that happen. so msia will have it own "alipay". just the matter of who? mpay, maybankpay, cimbpay, mol wallet, celcom aircash, or others. there is 28 companies got license, and time will tell who is the last standing man or men. there is 2 big players in china, alipay(54% market share) and tenpay(37% market share). so it is oligopoly market game. only 2-3 players will survive and make big profit.
Just a hype....there will be no money coming in for next 2-3yrs. Wrong business to invest....Alibaba has millions user and billions transactions / business before they develop their Alipay to complete their ecosystem. More developed countries like Korea, Japan .....their ewallet etc are still at infancy..get real.
Hi! tan lucy, thank you & I agreed with you. I believed M'sia will heading toward cashless society in the near future. Anyway, i need to try "Mpay wallet", if i can understand(i think most of people will understand too) and is well accept in the market. I believe Mpay will excel in the market. Cheers!! :- )
For those that had tried Mpay wallet, you are most welcome to share some experience with us here!
fishing-leg, it is "master prepaid card". The card is like carrying bank account everywhere and can make payment anywhere & anytime!! Is cool isn't it? We can also trace the spending habit especially for those parent to their children..
you may forget your card but you never forget your phone. use thumb is dumb. robber will cut your thumb off for robbery. you want lose money and thumb in a robbery?
Every bank also issued their own Master prepaid card, why would people bother to use ....a none bank card issuer...like Mpay?......people will have more confident with bank card...beside debit card are better....
Micro payment take up will be slow........because nobody want to invest on expensive hardware etc.....and transaction cost are expensive....that why in more advance countries...they still using cash.
Currently none of our public listed companies does e payments. Only MOUs. Its high time at least one plc will enter the e commerce scene with a full fledged e payment solution. Partnership with Wechat pay will be a good start.
Moving toward cashless society will be future trend. I think mainly due to 1) more environmental friendly - no need to use so much paper, 2) better security - it is dangerous to withdraw in ATM now. We have to look left & right, up & down to make sure no motorcycle is around and surrounding is safe, only we can make withdraw from ATM.. :-( 3) The other strong point for Mpay is their P2P platform. Which in lacking in the banking industry. Therefore, we can not really compare Mpay & banks, this is because they are compete in 2 different spectrum. I think Mpay had all the infrastructure ready. However, it still lack of merchants & market acceptability, their marketing ppl really have to work hard for it..cheers! Happy trading
Actually most banks do offer debit cards which acts like payment card and pay apps from banks which you can use which directly deduct from your account. Only good thing to look forward is the P2P and money lending license.
What is FinTech? Technological projects in the financial services area are considered to be one of the most perspective and in-demand direction for start-ups. We will offer you some options below to create your start-ups in the financial area (according Cleveroad company https://www.cleveroad.com/blog/look-into-how-fintech-trends-can-be-beneficial-for-the-future-of-business). There are two product types developed on the basis of FinTech. The first one provides financial services with fintech apps, so it uses B2B model. This type has been existing for a long time in the market. The second type, which is actively developing these days, is oriented on end-user. Based on B2C model, it was developed for solving a very ambitious task - to compete with the common providers of financial services in attempts to cover as large as possible market share. Specialization range of FinTech projects varies from online and mobile apps to trading area, currency exchange area, and personal finances management area.
Wow ! the report is 有龙有凤 wo, however, it doesn't touch on the law and regulation boh. Another thing, how much will the company need to make to get to 1.17. If on prospect, yes. The tech part will be slightly easier per say as.... got money to burn, buy it off-the-shelf and customized it lar.
Cybercrime ...
I have a something to share as l write program too. Once, in internet, there was an authentication method call captcha then re-captcha. Now, this had been replace by TAC. Why ? Because, that doesn't work as it is hard to use for users as the captcha need to have twisted or distorted word so that, hard to use program to fake it. However, it is still easily decoded by programmer with good mathematical background.
Due to this, now it is almost wipe out in internet. TAC is the last resort for now.
What l want to say is, cybercrime is something to watch out and it will always be there.
Law and regulation, recovery of losses due to cybercrime is "key" to protect the company and user confident.
But, l do hope it can reach as what they mention to 1.17 as l got buy the share (ha ha ha).
Hi @fishing_leg FYI , we have already mentioned Cybersecurity is one of the risk which will affect our Fintech user's confident.
For the law & regulatory section, Bank Negara Malaysia has been implementing ''Financial Technology Regulatory Sandbox Framework'' which also name as The SandBox on 26 October 2016. Basically, it is enable the experimentation of fintech solution in a live environment, subject to appropriate safeguards and regulatory requirements. Please refer to this link --
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
digi2222
81 posts
Posted by digi2222 > 2017-07-07 10:50 | Report Abuse
haha...really ?