E-wallet Review: Should you download MAE?
If you are seeking alternatives to a bulky wallet, Maybank’s latest e-wallet solution was curated with you in mind. MAE by Maybank2u is very much an online payment feature that enables you to conserve money, keep track of your expenditures, and get all your financial-related tasks accomplished.
The greatest feature is that you can secure an MAE banking e-wallet account in much less than 5 minutes. All you have to do is merely configure an online account on their website or mobile app, there is no need to stress about having to fill pages with documents and transcripts. Do note that it is applicable to users who are not Maybank users too.
There are a multitude of e-wallets that come in various functions to ease our day to day transactions. We have covered 7 prominent features of MAE that makes it a standout in today’s highly competitive market.
1. Efficiently track your spendings and create a budget plan
MAE will automatically process every one of your expenditures and transform your spendings into a pie chart to help you understand, review and adjust your spending habits. This will free you from the hassle of manually keying in all your spending information as the app will take care of it for you.
This ensures that whether you are making payments for your utilities, taking the tab at a restaurant or transferring funds to your relatives- MAE will display where your money is going. You can even highlight the accounts and cards you want to see, giving you a better view of your monthly expenses. This is easy, accurate, and hassle-free!
2. Seamlessly Modify to a proper Maybank Bank account
MAE is set up to give young Malaysians convenient access to funds, but you can also consider upgrading your MAE e-wallet account to a full Maybank account. All you have to do is update a few more details about yourself and submit the application online.
The MAE Visa Debit Card will be delivered to your doorstep; it is applicable to both in-store and online purchases. You could also save on currency fluctuations when you shop overseas, this is ideal for anyone who travels internationally on a regular basis. Don’t worry about ever losing your card, you can easily freeze your MAE account to ensure all transactions will not go through. It is super efficient and secure.
3. Receive a virtual visa card
Upon registering for MAE, you will immediately have access to your very own mobile- based Visa card. As a result, you will be eligible to shop online or attach it to your Maybank Pay or Samsung Pay app in-store. This will give you the privilege of making various purchases in a few clicks.
4. Save more money with your friends and family via a Tabung feature
To anyone who wants to start saving money but lacks the directions on how to get started, fret not, the Tabung feature will aid you in your journey to saving money through a money sharing system. Whether you're saving up for a trip to Europe, new clothes that you have been eyeing for months, or just an emergency fund, MAE has got you sorted.
All you need to do is choose a section, fill in the quantity you want to save, give a date on when you would like to reach your objectives, and MAE's Tabung feature will help you create a strategic and measurable plan. What is absolutely remarkable is that you can even set up a team savings fund and invite friends or family to make a contribution to it.
5. Easily transfer and receive funds from others
You do not have to go through the hassle of keying in a person’s bank details to make funds transfer. If you are sending funds to someone who is also a MAE user, the app comes with a DuitNow feature that will allow you to seamlessly make transfers within a few clicks.
6. Easily go dutch with your friends when the bill arrives
If you ever find yourself in a stressful situation within a large group when the bill comes, MAE has a built-in calculator that will solve the issue for you. You can submit a request to separate the cheque with your friends through the MAE app, and that will help you accurately measure how much everyone has to pay for it. This is extremely useful in social and professional settings.
7. Don’t know what to eat? Use the MAE’s Makan Mana Wheel
Every Malaysian is familiar with the issue of not knowing where to go when it comes to dining! It is not because there are not enough options for us to choose from, but there are simply too many options available! Break the indecisiveness by letting MAE choose for you, all you have to do is (virtually) spin the Makan Mana wheel within the app and it will point you to an eatery within your area. Tadaa, problem solved!
It is safe to say that MAE has made a strong impact on the digital fintech scene and it will only continue to grow and evolve with time. Are you interested to find out how MAE compares to other e-wallets in the digital payment space? Click here!