Saturday, June 28, 2008 . 5:30:00 PM
Mobile payment systems in Malaysia: Its potentials and consumers’ adoption strategiesMobile Money is a PIN-based Mobile Payment Solution designed by Mobile Money International Sdn Bhd to address the limitations and bottlenecks created by cash, cheques and credit cards. It unlocks the power of the mobile phone to make payments, allowing registered users to pay for goods and services at anytime, anywhere using only a mobile phone coupled with a 6-digit security PIN (Personal Identification Number) via SMS (Short Messaging Service). This gives the freedom to shoppers to buy products online and pay the merchant using his/her mobile phone without being physically present at the store.
Maxis, Maybank, and Touch ‘n Go launch trials for Nation’s first combined mobile 'touch to pay' credit card and travel service. Maxis Communications Berhad ("Maxis") announced that it is currently trialing a mobile phone multi-payment service incorporating credit card and prepaid transit payments with Maybank, Visa International and Touch 'n Go.
By using mobile payment system, it is convenient, safe & secure, and savings:
- Members can pay each other without meeting up.
- Members without credit cards can direct payment to uplines with credit cards for Top Up orders.
- Members can pay Omegatrend directly without having to go to the bank during office hours and can pay for orders at anytime and anywhere by just sending key information to MM via SMS.
http://www.mmwallet.com/download/pocketGuide_eng.pdf
http://www.omegatrend.com/infoglueDeliverLive/digitalAssets/2235_MobileMoney1106.pdf