WeChat Pay is finally in Malaysia
Good news everyone! Sources at Vulcan Post have reported that WeChat Pay is finally available in Malaysia!
WeChat Pay is supposed to be launched in Malaysia sometime in June. No doubt there’s already a tsunami of e-wallets in Malaysia. We already have Vcash, Samsung Pay, Alipay, Visa Checkout, Masterpass, PayPal and CIMB Pay. But what makes WeChat Pay any different?
While cash is still king in Malaysia, WeChat Pay is changing the entire payment ecosystem in China! One doesn’t need a wallet in China, just a smartphone. You can pay for a local delicacy at a simple food stall, order a cab or even rent a bike! Not using mobile payment is increasingly considered backward.
“Malaysia is actually quite large in the sense that we have 20 million WeChat users, huge potential, and the market is quite warm towards internet products from China,” said Tencent senior vice president SY Lau.
Here is some information about WeChat Pay that will get you up to speed:
1. Malaysia will be the first country to receive WeChat Pay in our local currency—the ringgit, RM.
Payment methods that will become available in Malaysia include Quick Pay, where vendors can scan a QR code on a customer’s mobile phone once they’ve made a payment for a quick transaction. Or, users can scan a QR code set up by the vendors to see a product’s information or transaction guides.
2. WeChat Pay Malaysia has been in a beta phase for 2 years now
Beta testing an early run of the ringgit-enabled wallet has in process for two years now, by selecting 10,000 Malaysian WeChat users.
3. Local banks are already on WeChat Pay
Hong Leong Bank has already enabled merchants to accept payments for WeChat Pay, in anticipation for the wallet’s launch in Malaysia as early as November 2017.
It was done to ensure that Chinese tourists can continue using their WeChat accounts while visiting Malaysia, though once WeChat Pay launches for Malaysians, then there will already be a list of merchants that accept the e-wallet from day zero.
Will Malaysia soon be living a cashless future?
Is the Customer at the heart of your Digital Transformation?
On 19th of July, MARKETING will be organising a conference on Customer-Centric Digital Transformation (#DTCX2018) to help you answer that question. The conference will be driven by Paul Stewart who authored the best-seller ‘Branded Customer Service’ and currently is the Special Advisor, Strategy & Transformation for TMI Malaysia. Drawing from his 25 years of diverse experience as a Chief Economist, CEO and consulting in organisational change, transformation and innovation Paul will be sharing his learnings and current trends in this realm.
He will be joined by key thought leaders in the areas of transformation, data analytics, customer service, branding, marketing, digital, human resources and more! Some of the key names who will be joining us include:
* Imran Kunalan Abdullah, Advisor/Principal Consultant – Digital Talent Development & Leadership and People Analytics
* George Aveling, CEO, TMI Malaysia
* Laurence Smith, Head, Asia Region, SmartUP
* Falko Leonhardt, Principal Consultant Transformation Strategy and Change, TMI
* Mohd Adam Wee Abdullah, Group CMO & Chief Customer Experience Officer, CIMB Group
* Rene Werner, Chief Customer Service & Customer Experience Officer, Celcom Axiata Berhad
Get ready to be inspired by case studies on transformation, honest conversations on driving change and actionable insights you can take back to implement in your organisation.
Date: 19th July 2018
Time: 8.30 am -6.00 pm
Venue: Sime Darby Convention Center, Bukit Kiara
For more information on DTCX 2018:
Click to visit DTCXJuly19 Microsite.
Download PDF Programme here.
Contact Amira firstname.lastname@example.org | 03 7726 2588
Book your spot early to avoid disappointment!