Mobile payment systems in Malaysia: its potentials and consumers' adoption strategies.

In Today news seldom hear people using phone to make payment because most of the people are using the Internet such as e-banking. However, has anyone know or hear about the mobile money? Is it mobile money is pre-paid card? Now let introduce you the mobile money also know as MM wallet.


Mobile Money is a PIN-based Mobile Payment Solution created by Mobile Money International Sdn Bhd where this service is tries to replace the limitation of cash, credit card and cheque. Moreover, this service provide easy and simple step to make payment via SMS (Short Messaging Service) to give more freedom to the user to make any payment for the goods and services at anytime and anywhere the user like.


However, this service very limited in Malaysia due to no much merchants using this kind of services but this company think this might be a niche market for the future is because this might be benefit to merchants if apply this kind of services such can sell to anyone, anywhere at anytime so the merchant no need to open shop to wait customer come and make the customer find them. Another benefits are no minimum monthly transaction, no rental fee, no merchant account required and also super low transaction fee at 1.5% some more the safe and secure where no need to worry the fraud case of paying cash, cheque, and credit card.


By the way, the mobile user is keep increasing in Malaysia maybe one person at least have one or two hand phone(s) so it might be chances of business might be increase so you might think to join this kind of business so for more information about mobile money please go this website to know about it http://www.mobile-money.com/