Telenor's Digi yesterday launched its flagship e-Wallet – vcash – offering Malaysians a mobile payment app to help Malaysians go cashless.
Vcash overcomes the risks of using cash, hassle of opening bank accounts and approval processes for debit and credit cards, or using device-specific payment solutions that require you to purchase high-end devices. Beyond payments, vcash also lets you to transfer funds to virtually anyone, facilitate cash deposits and withdrawals at any time, and purchase of items from the in-app vcash store.
The company today also announced its nationwide merchant line-up with notable brands in the cuntry where Malaysians can use vcash to pay for purchases. To date, vcash is available at 500 physical touchpoints nationwide, with aspirations to grow these touchpoints to 2000 by year-end, said Digi. This in addition to the twenty thousand online merchants who could potentially use vcash as a payment option via Digi’s partnership with online payment gateways MOLPay and iPay88.
According to Digi, Vcash is a customisable solution that suits all business types and sizes. It can work with zero integration, in which case vcash is treated as a cash transaction and a replacement of physical cash, or it can be fully integrated into a merchant’s POS system, which allows for vcash transactions to be customised according to the merchant’s needs. These factors make vcash particularly attractive to merchants, big and small, including your neighbourhood nasi lemak seller or your favourite mom-and-pop mini mart.
