Translate
09 December 2017
Grab, Malaysia has received the go-ahead from Bank Negara Malaysia to offer GrabPay e-money services in Malaysia.
Grab gets Bank Negara nod to offer e-money services
Managing Director of GrabPay Jason Thompson (left) and Grab Malaysia country head Sean Goh displaying the app.
KUALA LUMPUR: Southeast Asia’s leading on-demand transportation group Grab, Malaysia has received the go-ahead from Bank Negara Malaysia to offer GrabPay e-money services in Malaysia.
It said on Friday the services will be launched in stages in the first half of 2018 and they would allow Malaysians to enjoy a simple, safe and rewarding mobile payment system.
The new GrabPay e-money services would help customers and merchants in emerging economies like Malaysia and elsewhere in Southeast Asia go cashless and cardless, it said.
Through the same Grab app, consumers will be able to access not just transport services, but all of the most important everyday services, whether it’s paying for food and drinks, the latest gadgets in shops or making transfers to friends.
Managing Director of GrabPay Jason Thompson said cash was still the most important payment method for many Malaysian SMEs and middle-class consumers, despite most adults having a deposit account.
“As one of the region’s most frequently used consumer apps with 72 million downloads, we are happy to work with Bank Negara to drive mass adoption of mobile payments in Malaysia and across Southeast Asia,” he said.
Demonstrating the GrabPay e-wallet at the Bank Negara Payment Systems Forum, Thompson said according to statistics by Bank Negara, cash handling and services cost RM 1.8bil a year to the banking industry and electronic-based payments may result in savings amounting to up to 1% of acountry's economy due to lower retail payment cost versus cash transactions.
He said Malaysia was poised to rapidly move towards a digital-first economy thanks to a combination of technological innovation and progressive policies, such as the Malaysian Financial Sector Blueprint 2011-2020 which aims to increase the number of electronic payments per capita to 200 by 2020.
Thompson also affirmed Grab has taken a number of measures to ensure the privacy and security of GrabPay transactions, including a six-digit GrabPay PIN as a second factor authentication (2FA):
“Customers with a certain amount in their GrabPay e-money wallet account are required to activate the PIN. The Grab app will automatically prompt users to input their pin number when it detects any unusual activities.”
Grab Malaysia country head Sean Goh said the enhanced GrabPay e-wallet was secure, simple and rewarding to use.
“Moreover, SMEs can tap into Grab’s large pool of consumers without the hefty burden of big advertising and marketing budgets. For our many Grab consumers, it means they can benefit from mobile payments without having to download a new app,” he added.
Read more at https://www.thestar.com.my/business/business-news/2017/12/08/grab-gets-bank-negara-nod-to-offer-emoney-services/#zrc10Wly1qGd1Px5.99
Popular Posts - Last 7 days
-
Budget 2025: Govt allocates RM470 mil to empower women's participation in PMKS Bernama 18/10/2024 The government allocated RM470 million...
-
Polis kesan pemandu kereta langgar lari penunggang motosikal di Lebuhraya SILK Bernama 20/10/2024 23:15 MYT KUALA LUMPUR: Polis sedang meng...
-
Bekas ejen perumahan didakwa pecah amanah duit penyewa rumah RM2,117 Bernama 17/10/2024 Hakim Azrul Darus membenarkan tertuduh diikat jamin...
-
A new documentary on Indonesian pop queen Datuk Seri Rossa Roslaina Handiyani or Rossa, explores her journey in music, career, and lov...
-
PM Anwar tinjau persiapan Belanjawan 2025 Bernama 17/10/2024 \ Semasa tinjauan kira-kira setengah jam itu, Perdana Menteri turut beramah me...
-
SEKRETARIAT PRESIDEN INDONESIA KOMPASTV DEWATA CNN INDONESIA TVONE NEWS OKEZONE
-
Who is Prabowo Subianto, incoming president of Indonesia? Reuters 19/10/2024 Indonesia will transfer power on Sunday to Prabowo Subianto, an...
-
Sri Mulyani kekal Menteri Kewangan Indonesia Agensi 21/10/2024 Sri Mulyani Indrawati kekal sebagai Menteri Kewangan, menandakan kesinambunga...
Popular Posts - Last 30 days
-
Tourism Malaysia lancar jualan tengah malam untuk warga Singapura sempena Deepavali di JB Bernama 12/10/2024 Edisi pertama Jualan Tengah Mal...
-
Budget 2025: Govt allocates RM470 mil to empower women's participation in PMKS Bernama 18/10/2024 The government allocated RM470 million...
-
Malaysia raih jualan lebih RM400 juta di Ekspo China-ASEAN 2024 Bernama 03/10/2024 Abu Bakar berkata Matrade kekal fokus dalam menyokong pe...
-
Indecent dress run: Three men were arrested to help with the investigation Screen capture of participants dressed indecently in the 2024 Pa...
-
Bekas CEO 1MDB bukan saksi yang boleh dipercayai - Peguam Najib Bernama 30/09/2024 Wan Azwan Aiman, yang mewakili Najib, berkata saksi pend...
-
Paip pecah, sebahagian KL tiada air - Air Selangor Astro Awani 08/10/2024 Pengguna boleh mendapatkan maklumat berhubung gangguan bekalan air...
-
Property tycoon Ong Beng Seng charged with two offences linked to Iswaran's case 04 Oct 2024 SINGAPORE - Property tycoon Ong Beng Sen...
-
Ringgit diniaga kukuh pada paras 4.1235 berbanding dolar AS Bernama 27/09/2024 Ringgit meningkat semula berbanding dolar Amerika Syarikat p...
Blog Archive
-
▼
2017
(3888)
-
▼
Dec 2017
(268)
- Pokok Sena MP Datuk Mahfuz Omar has announced his ...
- 29-year-old man has been arrested for allegedly st...
- Kelantan police thwarted and detained a man for at...
- Traffic Enforcement Investigation Department (TEID...
- Malaysia's Queen of Soul Elvira Arul performing at...
- Chef Wan Membuat Laporan Polis Terhadap Laman Mala...
- 56-year-old man who got into a fight with his son-...
- MALAYSIAN actress and model Yumi Wong is on the l...
- Tun Dr Mahathir Mohamad might contest in Langkawi,...
- Tahniah Zizie Izette Dapat Baby Kembar
- Light and motion visual spectacle in Putrajaya
- The Competition Appeal Tribunal (CAT) fined R6.4 m...
- 82,840 dengue cases nationwide in 2017; 171 deaths...
- Tun Dr Mahathir Mohamad has apologised for past mi...
- Several major roads in the federal capital will be...
- ISIS Gunman Attacks Coptic Christian Church in Cai...
- Fasha sandha menangis, panik & takut giler dalam k...
- New Chairman Shahrir holds Press Conference provid...
- Siti Nordiana Tepuk Dahi Melayan Iqram Dinzly Live...
- 50-year-old Male hairstylist arrested over the mol...
- Malaysia's New foreign maid hiring system online s...
- Pribumi President Muhyiddin Yassin told that 54 F...
- Liberian Football Superstar George Weah to Become ...
- Tony Ferandes has been redesignated executive dire...
- Two Teens charged with murder of Nur Amira who was...
- Thomas Grant man who plays the Flash in the TV ser...
- Facing lawsuits and consumer outrage after it said...
- Ustaz Azhar Idrus Lambasted for stating girls shou...
- Australian Maria Elvira Pinto Exposto tricked into...
- Many Still Not Aware of Single Pricing Law in Mala...
- Several long weekends to look forward to in 2018.
- Adegan My Coffee Prince v Coffee Prince Korea
- RM27mil worth of fireworks, ciggies and beer confi...
- BMW used in JB petrol station murder found
- Five vigilantes were sentenced to death over the f...
- Anugerah Instafamous, Anugerah Media Sosial Pertam...
- Kehilangan Intan Ladyana Terjawab
- Malaysian Police Car Clamped by Putrajaya Corp for...
- “Jangan Popularkan Orang Tukar Jantina, Mainkan Ag...
- Man who claimed to be a “Datuk Seri” cheated five ...
- Model, 28, dies after suffering bleeding in the br...
- Premier League Boxing Day - Manchester United figh...
- A 44-year-old man was robbed and had his throat sl...
- ROS receives notice of PPBM annual general assembl...
- RM5000 fine only for cosmetics entrepreneur who bl...
- Netizen's Bewildered Its A Just a fine for stealin...
- Second Finance Minister Datuk Seri Johari Abdul Gh...
- National laureate Datuk Dr Shahnon Ahmad passed aw...
- IGP says Malaysian Police will act according to th...
- A traffic policeman sustained serious injuries whe...
- Police arrested a 32-year-old man suspected of sen...
- KIMMA Against move to limit Mamak Outlets operatin...
- 13 Year old masseuse says she was raped by client,...
- Another underage girl raped
- 10 Most Expensive Sunglasses in The World
- A newborn baby boy, was found in a box at a house ...
- 4 killed when bus crashes into underground passage...
- Christmas Eve was a black day for Malaysian wildlife
- Malaysia Airports has apologised for an erroneous ...
- Police: ‘Ah Chiu’ murder solved with another eight...
- Buffalo Joins Passengers in Porsche Cayenne Throug...
- Manchester City extend their record-breaking run t...
- Man stuns traffic police by claiming to be 'Datuk'...
- A Malaysian man suspected of having links to the I...
- Federal Police Responds to NST Burning Questions
- Arsenal and Liverpool draw 3-3, Arsenal score 3 go...
- When selling your house, avoid these following mis...
- Police arrest duo who allegedly stole Buddha statu...
- Pakatan Harapan chairman Tun Dr Mahathir Mohamad m...
- Mangsa pembunuhan kejam di sebuah stesen minyak di...
- From January 2018 Employees Statutory Contribution...
- 17-year-old girl was abducted and repeatedly raped...
- International Drug Trafficking Ring Buster After D...
- 13 suspects have been arrested in relation to the ...
- 128 countries voted in favour of the United Nation...
- Current Hit Video Camila Cabello - Havana (Vertica...
- Netizen Terkejut Dengan Aksi Lucah Pelakon Ikram D...
- Memang Comel Habis Anak Aaron Aziz yg fluent giler...
- Bristol City Scored in third minute of Extra Time ...
- Woman loses RM135,000 in parcel scam
- Two armed men were shot dead in a confrontation wi...
- Video from a surveillance camera of a Biker Killed...
- HARGA runcit bagi petrol RON95 dan RON97 masing-ma...
- Police have arrested a man and a woman over the mu...
- Police arrested an Indian national last Thursday o...
- Massive Cover Up in the Mass Killings in Wang Keli...
- 66-year-old man was arrested after he was alleged ...
- Two female acquaintances of a moneylender murdered...
- Saga Michael Ang dan Zarina Anjoulie berterusan ap...
- Prime Minister Datuk Seri Najib Razak today introd...
- Murder at Petrol Station: Police launch manhunt fo...
- The body of the Jalan Sri Pelangi petrol station m...
- Malaysia Superstar Hockey Goalkeeper who is one of...
- Mother of two's Half naked body found murdered and...
- K-pop group SHINee member Kim Jong Hyun, 27, died ...
- Russell Peters is all geared up to meet Malaysian ...
- Azminda terpalit pula dengan satu lagi kontroversi...
- Johor petrol station murder: Don’t jeopardise inve...
- Seorang koperal tentera dihukum penjara 13 tahun s...
- McDonald's Malaysia fail laporan polis berhubung s...
-
▼
Dec 2017
(268)