WeChat launches e-wallet in Malaysia, offers free Money Packets ⋆

WeChat launches e-wallet in Malaysia, offers free Money Packets

WeChat started allowing end-users in Malaysia to pay using its app following the launch of its e-wallet component, WeChat Pay My, writes the local paper The Star. Tencent International Business VP Poshu Yeung announced that on the occasion of the launch, ‘Money Packets’ will be given away to all WeChat end-users between 21 and 28 August. WeChat Pay Malaysia

The Money Packet will be filled with a random amount ranging from CNY 3.88 to CNY 88.88. A prepaid top-up coupon of CNY 2 will also be given away.

“As Malaysia embraces the digital economy, we are excited to launch WeChat Pay My, which aims to facilitate the development of the Malaysian market by introducing local users and businesses with a simple, secure and convenient mobile payment experience,” says Tencent International Business Group vice president Poshu Yeung.

READ MORE: Changi Airport will soon accept WeChat Pay

Poshu says that WeChat Pay My has received Bank Negara’s approval to act as an electronic money issuer, and has implemented security technologies that comply with international standards, including 24/7 real-time monitoring of all transactions.

Other features include Quick Pay which allows users to generate a QR code that merchants can scan to pay for a transaction and Debit Card Binding which lets users associate multiple cards to top up their e-wallet.

Users can also withdraw money from their accounts by transferring it to their local bank accounts as long as it doesn’t exceed RM10,000 a month.

WeChat is a social communication platform developed by China’s Tencent Holdings Ltd.

WeChat Pay Malaysia is becoming increasingly popular among Chinese tourists and Malaysian businesses that cater to Chinese customers. WeChat Pay is also expanding its services in Malaysia by partnering with local banks and merchants to offer more payment options and promotions.

Overall, WeChat Pay MaIaysia is a convenient and popular digital payment service that allows users to make payments and transfer money directly through the WeChat app.