Advancing the Future of Malaysia ’ s Digital Landscape with WeChat Pay MY

July 07, 2019

WeChat
Pay
MY
,
one of the most popular mobile payment
solutions
in Malaysia
,
has seen considerable growth since it
was
launched
in Malaysia
last
August
.
WeChat Pay is
the mobile payment feature of WeChat, one of the largest social
communica
tion platforms owned by Tencent.
As of
December
2018, Weixin and WeChat
combined
had
1,098 million
monthly active user
acc
ount
s
(MAUs), while
WeChat Pay has more
than 800
million MAUs
(as of
the second quarter of 2018
)
,
making
them one of
the most widely
used social network
s
and one of the most popular mobile payments
in the world respecti
vely
.
WeChat Pay MY
supports various types of
value
-
added
servi
ces
from
online
service
s
such as
mobile credit
top
-
ups
as well as
flight and bus ticket purchases
,
to
offline transactions at retail
outlets
.
Currently,
a
WeChat Pay MY user can purchase items at
retail
stores
by
just
scanning
a QR code
and punching in his payment PIN
on
his
mobile
phone
.
With
a continuously growing
number
of
m
ercha
nts and
users, WeChat Pay
MY
is now looking
to further
empower a secure and convenient digital lifestyle in
Malaysia.
Malaysia is one of the standout emerging markets that has quick
ly
adopt
ed to
mobile
payments
. Our mission is to
facilitat
e
the development of the Malaysian
digital economy
by
introducing local users and businesses with a simple, secure and convenient mobile payment
experience.
We believe that with
enhanced public awareness
,
engagement
s
and exposure, we
will be able to
play a
role in leading
Malaysian
s
digital ecosystem into
the
next
level,
said
Poshu Yeung, Vice President of International Business
Group
at Tencent
.
We are currently working on expanding our merchant base to include more outlets
similar to
KK Mart and Starbucks. This will
sequentially
give users more opportunities to use WeChat Pay
MY for easier and more seamless payment transactions,
said
Jason
Siew
, CEO of WeChat Pay
M
Y
.
To
demonstrate
WeChat Pay
MY
s commitment to leading the way forward in the
digital
payment arena, WeChat Pay
MY
put together
its first
showcase of how
it
intends to encourage
adoption and usage of mobile payments in the near future. An
experience
zone
,
simulating
various
innovative
payment service
experiences
at
a
convenience store,
a
food
and
beverage
outlet, a petrol station, and even a regular
roadside vendor stall
,
presents
how WeChat Pay
MY
can be
applied to users
daily li
v
e
s
.
More advanced services
ha
ve
also
been
presented
during the event. WeChat Pay
MY
has
unveiled
a fully digitised
vending machine to guests where payments
can
be made via WeChat
Pay
MY
instead of
sorting
through
small notes or coins to purchase an item.
WeChat
Pay
MY
,
one of the most popular mobile payment
solutions
in Malaysia
,
has seen considerable growth since it
was
launched
in Malaysia
last
August
.
WeChat Pay is
the mobile payment feature of WeChat, one of the largest social
communica
tion platforms owned by Tencent.
As of
December
2018, Weixin and WeChat
combined
had
1,098 million
monthly active user
acc
ount
s
(MAUs), while
WeChat Pay has more
than 800
million MAUs
(as of
the second quarter of 2018
)
,
making
them one of
the most widely
used social network
s
and one of the most popular mobile payments
in the world respecti
vely
.
WeChat Pay MY
supports various types of
value
-
added
servi
ces
from
online
service
s
such as
mobile credit
top
-
ups
as well as
flight and bus ticket purchases
,
to
offline transactions at retail
outlets
.
Currently,
a
WeChat Pay MY user can purchase items at
retail
stores
by
just
scanning
a QR code
and punching in his payment PIN
on
his
mobile
phone
.
With
a continuously growing
number
of
m
ercha
nts and
users, WeChat Pay
MY
is now looking
to further
empower a secure and convenient digital lifestyle in
Malaysia.
Malaysia is one of the standout emerging markets that has quick
ly
adopt
ed to
mobile
payments
. Our mission is to
facilitat
e
the development of the Malaysian
digital economy
by
introducing local users and businesses with a simple, secure and convenient mobile payment
experience.
We believe that with
enhanced public awareness
,
engagement
s
and exposure, we
will be able to
play a
role in leading
Malaysian
s
digital ecosystem into
the
next
level,
said
Poshu Yeung, Vice President of International Business
Group
at Tencent
.
We are currently working on expanding our merchant base to include more outlets
similar to
KK Mart and Starbucks. This will
sequentially
give users more opportunities to use WeChat Pay
MY for easier and more seamless payment transactions,
said
Jason
Siew
, CEO of WeChat Pay
M
Y
.
To
demonstrate
WeChat Pay
MY
s commitment to leading the way forward in the
digital
payment arena, WeChat Pay
MY
put together
its first
showcase of how
it
intends to encourage
adoption and usage of mobile payments in the near future. An
experience
zone
,
simulating
various
innovative
payment service
experiences
at
a
convenience store,
a
food
and
beverage
outlet, a petrol station, and even a regular
roadside vendor stall
,
presents
how WeChat Pay
MY
can be
applied to users
daily li
v
e
s
.
More advanced services
ha
ve
also
been
presented
during the event. WeChat Pay
MY
has
unveiled
a fully digitised
vending machine to guests where payments
can
be made via WeChat
Pay
MY
instead of
sorting
through
small notes or coins to purchase an item.
WeChat
Pay
MY
,
one of the most popular mobile payment
solutions
in Malaysia
,
has seen considerable growth since it
was
launched
in Malaysia
last
August
.
WeChat Pay is
the mobile payment feature of WeChat, one of the largest social
communica
tion platforms owned by Tencent.
As of
December
2018, Weixin and WeChat
combined
had
1,098 million
monthly active user
acc
ount
s
(MAUs), while
WeChat Pay has more
than 800
million MAUs
(as of
the second quarter of 2018
)
,
making
them one of
the most widely
used social network
s
and one of the most popular mobile payments
in the world respecti
vely
.
WeChat Pay MY
supports various types of
value
-
added
servi
ces
from
online
service
s
such as
mobile credit
top
-
ups
as well as
flight and bus ticket purchases
,
to
offline transactions at retail
outlets
.
Currently,
a
WeChat Pay MY user can purchase items at
retail
stores
by
just
scanning
a QR code
and punching in his payment PIN
on
his
mobile
phone
.
With
a continuously growing
number
of
m
ercha
nts and
users, WeChat Pay
MY
is now looking
to further
empower a secure and convenient digital lifestyle in
Malaysia.
Malaysia is one of the standout emerging markets that has quick
ly
adopt
ed to
mobile
payments
. Our mission is to
facilitat
e
the development of the Malaysian
digital economy
by
introducing local users and businesses with a simple, secure and convenient mobile payment
experience.
We believe that with
enhanced public awareness
,
engagement
s
and exposure, we
will be able to
play a
role in leading
Malaysian
s
digital ecosystem into
the
next
level,
said
Poshu Yeung, Vice President of International Business
Group
at Tencent
.
We are currently working on expanding our merchant base to include more outlets
similar to
KK Mart and Starbucks. This will
sequentially
give users more opportunities to use WeChat Pay
MY for easier and more seamless payment transactions,
said
Jason
Siew
, CEO of WeChat Pay
M
Y
.
To
demonstrate
WeChat Pay
MY
s commitment to leading the way forward in the
digital
payment arena, WeChat Pay
MY
put together
its first
showcase of how
it
intends to encourage
adoption and usage of mobile payments in the near future. An
experience
zone
,
simulating
various
innovative
payment service
experiences
at
a
convenience store,
a
food
and
beverage
outlet, a petrol station, and even a regular
roadside vendor stall
,
presents
how WeChat Pay
MY
can be
applied to users
daily li
v
e
s
.
More advanced services
ha
ve
also
been
presented
during the event. WeChat Pay
MY
has
unveiled
a fully digitised
vending machine to guests where payments
can
be made via WeChat
Pay
MY
instead of
sorting
through
small notes or coins to purchase an item.
E-wallet is the latest mobile payment whereby Malaysia evolves into a cashless society. WeChat use to be a communication platform has expanded it's function by introduce WeChat Pay MY , one of the most popular mobile payment solutions in Malaysia. WeChat Pay MY has seen considerable growth since it was launched in Malaysia last August. WeChat Pay is the mobile payment feature of WeChat, one of the largest social communication platforms owned by Tencent. As of December 2018, Weixin and WeChat combined had 1,098 million monthly active user accounts (MAUs), while WeChat Pay has more than 800 million MAUs (as of the second quarter of 2018), making them one of the most widely used social networks and one of the most popular mobile payments in the world respectively.  


WeChat Pay MY supports various types of value-added services from online services such as mobile credit top-ups as well as flight and bus ticket purchases, to offline transactions at retail outlets. Currently, a WeChat Pay MY user can purchase items at retail stores by just scanning a QR code and punching in his payment PIN on his mobile phone. With a continuously growing number of merchants and users, WeChat Pay MY is now looking to further empower a secure and convenient digital lifestyle in Malaysia. 

“Malaysia is one of the standout emerging markets that has quickly adopted to mobile payments. Our mission is to facilitate the development of the Malaysian digital economy by introducing local users and businesses with a simple, secure and convenient mobile payment experience. We believe that with enhanced public awareness, engagements and exposure, we will be able to play a role in leading Malaysian’s digital ecosystem into the next level,” said Poshu Yeung, Vice President of International Business Group at Tencent.  


“We are currently working on expanding our merchant base to include more outlets similar to KK Mart and Starbucks. This will sequentially give users more opportunities to use WeChat Pay MY for easier and more seamless payment transactions,” said Jason Siew, CEO of WeChat Pay MY. 

To demonstrate WeChat Pay MY’s commitment to leading the way forward in the digital payment arena, WeChat Pay MY put together its first showcase of how it intends to encourage adoption and usage of mobile payments in the near future. An experience zone, simulating various innovative payment service experiences at a convenience store, a food and beverage outlet, a petrol station, and even a regular roadside vendor stall, presents how WeChat Pay MY can be applied to users’ daily lives.


 

More advanced services have also been presented during the event. WeChat Pay MY has unveiled a fully digitised vending machine to guests where payments can be made via WeChat Pay MY instead of sorting through small notes or coins to purchase an item. 






Frankly this is my first time use WeChat Pay MY and I will say the mobile payment app is advance and user friendly. It took me 5 minute to order and make payment via WebChat Pay MY. Payment and ordering is via WebChat Pay MY without need to proceed to the counter. The new service available in certain Mamak restaurants and will expand it business to Mamak around the Klang Valley is the online ordering service that allows users to order their choice of food and beverage through WeChat Pay MY and make payment instantly. This service provides regular mamak goers a smoother way of ordering and paying for food without having to wait for a waiter to take their orders or queue up to pay for their bill. There was also a ‘kuih-muih’ stall fashioned to show potential merchants at the event just how easy it is to conduct transactions using WeChat Pay MY, as plans are already underway to get local ‘pasar-malam’ or roadside stall vendors to adopt the payment solution.

The most futuristic presentation, however, is about WeChat Pay MY’s plan to enable users to purchase petrol. The mini-kiosk demonstrates a smart solution where users can select a petrol station, key in the amount of fuel that they would like to purchase and once they arrive at the kiosk, a camera will detect the car plate number to activate the pump. Users can then fill their tanks immediately and be on their way in no time. These are amongst the few ideas that WeChat Pay MY has in store for the Malaysian market.  

WeChat Pay MY envisions a convenient and rewarding lifestyle for both its users and merchants and will continue to leverage its payment platform's experience, technologies, and abilities to offer users an excellent mobile payment experience to ease everyone’s daily life. 


About WeChat 

WeChat envisions and innovates new ways for people to connect, communicate and share. WeChat is a mobile social communication app designed for smartphone users. WeChat empowers users in fun and dynamic ways, by bringing together messaging, social communication and games in one seamless, interactive experience, with comprehensive privacy and security settings that can be tailored as needed. WeChat provides a central point of control for users to share voice, photos, videos, and text messages across their entire social ecosystem. Through Official Accounts, WeChat allows brands to deliver rich and hightouch appealing content experiences to engage with and grow their communities. WeChat is available free to download on Android, iOS, Windows operating system, web version and Mac for desktop version. Learn more about WeChat and download the app at WeChat.com. Check out the WeChat Malaysia’s Facebook Page.

You Might Also Like

0 comments