Tech Sharing

Tech Sharing


Posts Tagged ‘ Malaysia ’


Bank Negara Malaysia (BNM) has announced that by October 2017, standards for the electronic Know-Your-Customer (e-KYC) are expected to be finalized.


BNM will be issuing proposed regulatory parameters for the conduct of e-KYC processes for remittance transactions. Thus, the existing requirements for face-to-face verifications for onboarding new customers would be removed for companies that received approval to conduct e-KYC. Commenting on BNM’s initiative on e-KYC, the Malaysian Association of Money Services Business President said the move would help the money services business (MSB) industry to grow faster.


The central bank considers important regulatory changes as they facilitate innovation; furthermore BNM strives to provide an environment that encourages innovation in the financial industry, including in the MSB sector, according to bank’s representative.


In May 2017, BNM Governor, was reported by Daily Express as saying the central bank hoped to operationalise an industry-wide implementation of e-KYC for the onboarding of customers by 2018.



With the Samsung Galaxy Note8 now officially out in the open, Malaysians looking forward to owning the new flagship phablet will be glad to know that Samsung Malaysia will be opening and structuring a special pre-order package for the Malaysian consumers.


The pre-order period will begin on September 5 and end on September 10, just several days before the launch of the phone in the country. The local pricing has yet to be announced, but given the dates, it is possible that Samsung will only announce it at the start of the pre-order period.


That being said, what we do know is that consumers will have four color variations to choose from: Midnight Black, Orchid Gray, Maple Gold, and Deepsea Blue.


In preparation of the upcoming SEA Games 2017, the Malaysian Red Crescent Society (MRCS) has launched its first ever First Aid app for mobile devices.


The app was developed and made in partnership with the Prudence Foundation, as well as with the support from the International Federation of Red Cross and Red Crescent Societies (IFRC).


The MRCS touts the apps as the first of its kind in the country. It is designed to provide first aid advice through videos, animations, as well as interactive quizzes, all of which will be easy to access. There is something that makes the entire thing.


“During an emergency, a lack of first aid knowledge could lead to lasting injuries and disabilities, and even unnecessary deaths,” Dato’ Sayed A. Rahman bin Sayed Mohd, Secretary General of the MRCS said. “As a national society that is advocating the importance of first aid, we believe that having this mobile app allows users to access crucial, life-saving information at the touch of their fingertips.”


The app is already available on both the Google Play Store and Apple App Store. The contents of the app be delivered in both English and Bahasa Malaysia, thus making accessible the Malaysian majority. However, Dato’ Syed did state that while the app itself provides first aid information, it is in no way a replacement for proper first training and certification, or the need to seek medical advice when (and where) necessary.



Tencent has applied for a license in Malaysia to offer local payment services via its WeChat Pay, reports Reuters.


If approved, users in Malaysia will be able to link their local bank accounts to WeChat Pay and pay for goods and services in ringgit.


WeChat Pay and Alibaba Group’s affiliate Alipay are turning China cashless by enabling payments or money transfers via code scan.


The pair are also expanding internationally in tandem with outbound tourism, getting more businesses to accept their services which allow users to make payments using bank accounts in China without complications posed by currency exchange.


Licenses for such cross-border payments differ from those required for local payment services. Hong Kong is currently the only location outside mainland China where WeChat Pay and Alipay offer payment services executed entirely in the local currency.


Alipay introduced a separate app for the Hong Kong market in May, its first non-yuan payment app.


Dato’ Sri Najib at the Cyberjaya Smart City Launch event held in conjunction with its 20th year anniversary.

Cyberjaya has just launched Malaysia’s first 1Gbps broadband for businesses and homes throughout the city. This allows Cyberjaya to host a high number of users accessing multiple devices simultaneously, helping Cyberjaya achieve its envisioned Smart City status.

This high speed gigabit connection will not only encourage more creative content development, but also as a testbed for high data usage and transfer applications, turning Cyberjaya into a living lab of sorts. Multiple organizations in Cyberjaya have already signed up for the service, including the Malaysian Global Innovation and Creativity Centre (MaGIC) and the Cyberjaya University College of Medical Sciences (CUCMS). The Malaysian Communications and Multimedia Commission (MCMC) have also voiced interest in the gigabit speed service.

So what’s the cost of this service? For now, the 1Gbps broadband will cost RM399 a month for homes, and RM3,499 a month for businesses.



EasyStore and SiteGiant, two Malaysia-based shopping cart providers, will provide all online businesses with cash payment method.


Through their partnership with MOLPay, a payment gateway in Southeast Asia, both EasyStore and SiteGiant are providing multi-channel payment options to the ecommerce platforms, including cash payment.


MOLPay’s latest channel, MOLPay CASH, has attracted customers since its launch in 2014. With its collaboration with 7-Eleven Malaysia, ecommerce players are able to reach their customer base. MOLPay reported that MOLPay is in the 4th place after credit card, Maybank2U and CIMBClicks in the payment options favored by Malaysians.


With its key objective to provide other payment options than VISA and MasterCard, MOLPay CASH is believed to increase merchant’s sales by 40%. Malaysians who do not own bank accounts and credit cards can also shop online. This method also adds another option for customers who prefer cash transaction and those who are doubtful with the online security.


Customers go to any online store supported by MOLPay, select all the items that they want and add them to the cart. Then, they can proceed to checkout, select the MOLPay cash option and the shipping method they prefer. MOLPay will generate Transaction ID and Verification Code to the buyer.


Buyer brings the Transaction ID and Verification Code (with MOLPay logo) to make payment at a physical outlet. 7-Eleven staff confirms the payment upon the completion with a receipt. MOLPay will update merchants on the payment status.


Through the partnership of the largest shopping cart providers with MOLPay, many business owners and consumers will start to acknowledge the cash payment method. This is due to the fact that the people who use the service provider is already connected with the payment gateway.


EasyStore and SiteGiant aimed to support small businesses in their previous collaboration with MOLPay. This partnership has attracted the small businesses to establish their own ecommerce and handle it even from home or during vacation. They also provide the options for the businesses with a monthly subscription which lower the barriers for the businesses to get started.


Since 60% of Malaysians still prefer using cash, the partnership between these companies enables the ecommerce to cater cash-preferred consumers along with convenient checkout processes.



Tesco Malaysia`s online sales are expected to grow in 2017, due to online shopping growth of 18% per year, according to Tesco Stores (Malaysia).


As of 2016, online sales contributed only 2% to the company’s total turnover. Online grocery shopping is growing at a relatively slow pace, as Malaysians still prefer to shop at traditional markets or grocery stores.


Tesco was the first grocery chain in Malaysia to introduce online grocery shopping two years ago. To date, its delivery coverage has grown to reach 50% of the nationwide population. Tesco Malaysia has also partnered with Lazada and Happy Grocer to extend its online shopping services.


Grocery stores larger than 60,000 square metres are challenging to sustain. The optimal solution, which Tesco is also implementing in some of its stores, is to use space better by offering a wider and improved range of products in a smaller floor space.


In 2017, Tesco Malaysia will be opening two new stores and four to six next generation stores (smaller sized stores with a proportionally wider range of products).


Unless you’re some kind of sadist, the thought of having to travel and search for a parking space within the heart Kuala Lumpur during rush hour should leave you trembling in fear.

But that doesn’t mean you should completely avoid attending meetings that are held in the city center, because from now until February 26, 2017, uberX rides within the Klang Valley that are shorter than 4km will cost you a flat rate of RM0.99!

Bear in mind that the RM0.99 fare isn’t applicable for scheduled rides, and that if you were to be caught in unexpectedly heavy or standstill traffic, the fare will revert back to the standard time and distance calculation rate. The RM0.99 fare will still be applied during peak hours when surge pricing might be in effect, however.


Tan Nyat Chuan, Director of the Payment System Policy Department at Bank Negara Malaysia said that credit card holders will be given six months, starting January 2017, to familiarize themselves with the new system before it is implemented on July 2017.

“The targeted completion of the infrastructure rollout and card replacement is expected by Dec 31, 2016,” said Tan.

With the new pin and pay system, PIN enabled cards allows users to make a purchase without a signature. Instead, it uses a six-digit PIN. This new payment method is said to be more secure and safer than the current system.

Tan said that 44.3 million cardholders would be able to enjoy the new system, and added that by January 2018, cardholders will be able to pay for low-value transactions via a ‘tap-and-go’ system.

He said this at a roadshow jointly organized by Bank Negara, the Association of Banks in Malaysia, and the Association of Islamic Banking Institutions, in Miri Sarawak.



You’ve probably already heard many things about webe – the telco company that was formerly known as P1 – over the past couple of months, especially the juicy details regarding its mobile plan that seemed too good to be true.

Well, we can assure you that it isn’t. webe has officially been launched earlier today, and the single mobile plan that they have to offer will indeed only cost from as low as RM79 (or RM83.74 including GST), and it will grant you unlimited data, texts and calls.

Notice the ‘from as low as’ catch? You’ll only be entitled to the very attractive RM79 monthly price if you are an existing TM customer or webe member, and if you have a webe certified phone. If you don’t meet both the criteria, you’ll unfortunately have to cough up RM199 per month. Meet either one of them, and you’ll be paying RM139 a month instead.


Before you go rushing to be a webe subscriber, we should probably mention that registration is still on an invite-only basis, and only selected TM and P1 customers will be eligible to receive the invite. During the post-event press conference, Azizi A. Hadi, Chief Executive Officer of webe digital Sdn Bhd, mentioned that registration will be open to everyone “in early Q4.” Although you can, however, register your interest here.