MOL Launches One2pay, A Mobile Wallet App That Makes Going Cashless Easy for Malaysians

MOL Launches One2pay, A Mobile Wallet App That Makes Going Cashless Easy for Malaysians

Kuala Lumpur, Malaysia 10 January 2018 – MOL AccessPortaI Sdn Bhd (”MOL”), a wholly owned subsidiary of MOL Global Inc., today launched its mobile wallet app, called One2pay, designed and developed from the ground up to make payment experience in the physical stores and digital world even more seamless and simpler than before.

Mobile phone is an indispensable tool in today’s modern society and making payment using mobile phone is poised to become a daily habit of millions of Malaysians. One of the key convenience factors of the One2pay mobile wallet is barcode/QR code payment. Merchant only need to scan One2pay user’s unique barcode/QR code for payment. Small retailers and food truck operators, for example, can display One2pay QR code for their customers to scan and pay.

The One2pay app, regulated by Bank Negara Malaysia, is available for download in the Apple’s App Store and Google Play. Anyone with a valid Malaysian mobile phone number can register for a free account. To add funds, users can purchase One2pay top-up PIN at any 7-Eleven store in Malaysia. Alternatively, users can add funds using online banking.

With One2pay app, users can send cash easily and quickly to family and friends. They can top-up their telco accounts, pay utility bills, buy game Ple and more right inside the app. Users can also securely cash out their One2pay wallets into their bank accounts.

 

One2pay at 7-Eleven

During the launch event, MOL also announced that One2pay will be accepted at 7-Eleven Malaysia (”7-Eleven”), the largest convenience store chains in Malaysia. Starting today, users can start using the One2pay app to pay at any 7-Eleven store in the Klang Valley area. By 17th January 2018, all 2,218 7-Eleven stores across Malaysia will accept One2pay.

”We are thrilled to have 7-Eleven Malaysia as the first-ever retailer to accept the One2pay mobile wallet in Malaysia. This is an important milestone for us at MOL, as we support Malaysia’s aspiration to become a cashless society,” said Preecha Praipattarakul, MOL Global’s Group CEO. “We will continue to focus on innovation and invest in cutting-edge fintech technologies and functionalities, in order to make One2pay the preferred mobile wallet among Malaysians.”

”Customer convenience is the cornerstone of our brand promise. Enabling One2pay acceptance at 7Eleven stores underscored our commitment to deliver convenience to our customers. Malaysians can now walk into any 7-Eleven store, day or night, and pay using their mobile phones. This could be a game changer for us,” said Ho Meng, Acting CEO of 7-Eleven Malaysia.

In the coming months, leading F&B brands in Malaysia like Starbucks, Wendy’s and Kenny Rogers Roasters will begin accepting One2pay mobile wallet payment. MOL aims to expand One2pay acceptance touchpoints to more than 6,000 within a year.

At the event, MOL also announcement that MARA Corporation Sdn. Bhd. (MARA Corporation) has signed a Memorandum of Understanding (MoU) with MOL AccessPortal Sdn. Bhd to explore Opportunities in the area of cooperation towards assisting each other in reenergising the business community and entrepreneurs by introducing mobile electronic payment gateways and e-wallet supported by MOL’s home-grown Fintech mobile wallet technology.

The event was also witnessed by Tan Sri Vincent Tan, majority shareholder of MOL Global, Inc. and 7-Eleven Malaysia and Founder and Executive Chairman of the Berjaya Corporation. Also present were YBhg. Datuk Dr Haji Yusof bin Haji Yacob, Chairman of MARA Corporation, En Zulfikri Osman, Deputy Director General (Entrepreneurship) MARA and En. Lukman Musa, Acting CEO of MARA Corporation.

The joint venture is to enable more users and merchants to deploy One2pay app and to adopt e-payment solutions, as well as MOL will assist in the deployment of merchant acquiring services via direct integration to merchant’s Point-of-Sales (POS), physical or virtual terminals for physical cash and digital payment acceptance.

MARA Corporation was created to be the strategic investment arm for all of the MARA’s commercial ventures. MARA Corp activities leverage various partnerships in high-growth sectors that creates opportunities for development of Bumiputera Commercial and industrial Community.

One such high-growth sector is e-commerce, and its convergence with other sectors such as retail, transportation and transit oriented development (TOD). Like smartphones, the e-wallet concept will soon become a feature of everyone’s life. It is the safest and most convenient way to transact for consumers and businesses.

MARA Corp collaboration with MOL will support the ecosystem strategy that focuses on innovation, convergence and world-class enterprises for Bumiputera Commercial and Industrial Community.

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