20 reasons to use e-wallets in 2021
A new year presents a clean slate for us to make better choices and make peace with yesteryear’s events. It is an opportune moment for us to build better habits, pursue new endeavors and incorporate new tools that will elevate our daily lives. One of the tools we can use to enhance our day-to-day routine is the utilization of e-wallets.
As we move towards a digitalized society, there will be an increased use of e-wallets. It is going to influence our mode of payments, spending habits, product preferences and so much more! The integration of e-wallets will be visible in almost every market. So, if you’ve yet to download an e-wallet, here are 21 reasons why you best get to it!
1. Eat healthier
Boost is partnered with numerous health-conscious F&B outlets such as Salad Atelier and The Daily Grind. Boost Coins will be credited to every dine-in purchase that is made via Boost.
GrabPay allows users to order various healthy meals from a long list of nutritious F&B outlets such as Eatomo and The Fish Bowl, that’ll be delivered to their doorstep.
TnG e-Wallet allows users to shop at grocery stores that are recognised for providing wholesome foods such as BIG Supermarket, Giant Tesco Village Grocer, Jaya Grocer and so much more.
2. Never miss your bills
Boost is able to manage multiple utilities at once in a few simple steps.
GrabPay allows users to directly credit their biller’s account, as long as the funds are being transferred to merchants that are partnered with Grab.
TnG e-wallet users are able to secure TNB bills through 7-11 and secure Maxis bill payments.
3. Save money with cashbacks, vouchers, rewards and promos
Boost is notorious for providing instant cashbacks and rewards upon any Boost purchases. It offers exclusive deals with many esteemed brands.
FavePay is one the most favourable e-wallets in Malaysia. Users are able to enjoy up to 70% in savings on the city’s finest attractions, such as a full tour of Langkawi, ATV rides at Tadom Hill Resort, dining at Dinner In The Sky, spa packages at Urban Retreat Spa and so much more.
GrabPay comes with a loyalty programme that rewards almost every GrabPay transaction in the form of discounts and vouchers.
4. Easy checkout options
Boost comes with a “Scan & pay” icon that enables users to secure payments through scanning the respective merchant’s QR code, keying in a 6-digit PIN and shaking for instant rewards in the form of cashbacks or vouchers.
GrabPay purchases are secured through scanning the respective merchant’s QR code paired with a “swipe to pay” feature. It also provides an instalment plan known as PayLater , which now offers a 20% rebate for a minimum spend of RM150. This promotion is limited to the first 3,700 shoppers.
TnG e-wallet purchases are secured through scanning the respective merchant’s QR code and keying in a 6-digit PIN.
5. Make gift giving easy
Boost grants users access to a variety of vouchers that can be sent as a gift to both Boost users and non-boost users.
GrabPay allows users to send out GrabGifts, fun greeting cards that are convenient for numerous occasions such as Christmas and Chinese New Year! These E-cards are also available in multiple designs.
6. Easy fund transfers
GrabPay comes with a Transfer icon that enables users to transfer funds to selected recipients. When all details reviewed are correct, users can secure their payment by tapping “confirm”.
Boost comes with a “send money” icon that allows users to perform instant fund transfers. Users just have to enter the recipient's mobile number to secure the transaction.
7. Insurance benefits
Boost Protect by Boost is one of the largest insurance investments to date. It offers several packages that are powered by Aspirasi and underwritten by Great Eastern’s General Insurance, Life Assurance and Takaful.
TnG eWallet provides insurance for accidental death/permanent injuries, unauthorised transactions and special Covid-19 coverage.
8. Use it at night markets
Hawker stalls in Penang have started to provide customers the option to pay via Maybank’s Scan & Pay app.
TnG e-Wallets can be utilised at the pasar tani near Bukit Bintang.
9. Easily top-up prepaid mobiles
Boost enables users to make prepaid top ups via the app itself. Users can also shake for instant rewards with every top up made.
TnG e-wallet allows users to easily make prepaid top ups through a 6-digit PIN security. It also comes with an auto-reload option to ensure users will never run low on credits.
10. Money management
GrabPay has an extensive transaction history that allows users to review details of every merchant they’ve made a purchase from. GraPpay also sends a summary of each user’s monthly expenses via email at the end of the month.
TnG e-wallet comes with spending limits to help users avoid splurging. It also provides users an e-statement of all purchases they’ve made which can be downloaded via email.
11. Access global marketplace
Lazada’s e-wallet known as Lazada Wallet allows users to shop for discounted products that are not available in the nation.
Paypal is a key player in e-commerce global markets as many international shopping sites such as Amazon, eBay, Macy’s and so much more provide a Paypal checkout option.
12. Portability
Boost, GrabPay and FavePay purchases only require users to carry their mobile devices with them.
TnG e-wallet only requires users to carry their mobile devices with them. However, they may also need their TnG RFID tags with them for toll, parking and petrol purchases as these tags can be directly linked to their TnG e-wallets.
13. Store multiple cards in one platform
TnG e-wallet allows users to link a maximum of 3 cards to the e-wallet.
GrabPay allows multiple credit/debit cards to be used as long as each card comes with a EMV chip technology.
14. Manage different currencies
GrabPay is usable across millions of online & offline Mastercard merchants on a global scale. It is able to process different currencies and it only charges a 2% fee.The conversion rate will be shown in real-time.
PayPal accepts 25 currencies in each country’s respective language with no set-up fee required. Users can also easily convert their current balance to a different currency as Paypal comes with a “Manage currencies” tab.
15. Top notch security
Boost comes with a transaction PIN that is encrypted and stored securely in our databases with enterprise-grade TLS/SSL security features.
GrabPay comes with an award winning end-to-end anti fraud protection system. It has a 24/7 detector on unauthorised payments.
Scan & Pay by Maybank comes with multiple security systems paired with a function to scan in the SELangkah QR code.
16. Split bills among a large group
BigPay comes with a "split bills" icon that allows users to select the people they want to split the bill with and adjust the amount required from each party.
Boost allows users to split bills using either a QR code or each party’s mobile numbers.
17. User-friendly
The user-friendly features of e-wallets appeal to all walks of life. It suits both personal and business usages, and there are a total of 53 e-wallets in the country, with the industry occupying 19% of Malaysia’s fintech space. E-wallets will continue to stay true to its user-friendly nature, particularly after the government's recent plans to promote the adoption of e-wallets in Malaysia as part of the PENJANA recovery plan to revitalise the economy crippled by Covid-19.
18. Discover new products
There’s an overflow of industries partnered with e-wallets as it has become a great asset to varied industries. It adds great value to a consumer-centric generation as it allows people to constantly be exposed to the newest products, services and technologies. This helps people make informed purchasing choices, develop profound brand preferences and continuously discover advanced makings that meet their needs.
19. Free for download
It only takes seconds to become an e-wallet owner and it is FREE for download through the app store. E-wallet ownership doesn’t require a joining fee. Users are free to thoroughly explore the app before putting funds into it.
20. Use multiple e-wallets to reap the most rewards
Start employing multiple e-wallets to take advantage of a variety of deals, cashbacks, discounts and special deals out there! Using multiple e-wallets enables people to split and compartmentalise their expenses. For example, GrabPay can be used for transport & food-related purchases, Boost can be used for utilities and TnG e-wallet can be used for transport expenses.
Start comparing and understanding the unique qualities and latest e-wallet promotions of every prominent e-wallets available in the market in a single view here.