Must-Have E-wallets for Students

The perplexed nature of being a student in today’s generation is a whole new playing field; between studying for exams, participating in school clubs, working part-time jobs and learning the ropes of adulthood-it can be overwhelming. Year by year, students are expected to perform better than the last in every aspect. E-wallets are a great solution to time and money management, which will help students keep their daily errands in check.

Boost

The award-winning regional lifestyle e-wallet is partnered with 17 banks and 200,000 merchants. It gives student access to the following: 

• Reload prepaid mobile credits from the comfort of their home. Students can easily top-up within the Boost app; this is a great time saver and it helps students easily track their top-up expenses.

• Students can make quick purchases when they are on the go with Boost. All Boost purchases are secured through a scan and pay process; this eliminates long lines and allows students to get from one place to another at ease. 

• Every Boost transaction is awarded with Boost Coins, which can be used to redeem gifts and vouchers from the BoostUp catalogue. This allows students to get the best bang for their buck while they’re on a budget. 

• Students can receive affordable insurance plans with large coverages. This aids students in unfortunate events such as cracked mobile screens and lost credit cards. There are currently 7 types of coverage plans under the Boost’s protection scheme: ScreenProtect, Cardprotect, HospiCash, BillProtect, ProtectSuper6, ProtectActive and SME OwnerProtect.

• It makes online shopping easier. Sometimes students need to purchase materials that will improve their learning, such as noise canceling headphones and ergonomic laptop risers. These items can be purchased online with Boost Coins. Students don’t have to go out of their way to shop; they can get the items they need while saving time and money.

GrabPay

Grab’s wide range of services allows GrabPay to be used on multiple occasions. It is partnered with 17 banks and 3,000 merchants. It gives student access to the following:

• Earn GrabRewards Points with every GrabPay purchase. Every GrabPay transaction reaps more points than cash transactions; this helps students avoid high touchpoints, which is vital during this global pandemic Covid-19. Find more reasons to use GrabPay transactions here. 

• Students can offset their Grab payments with GrabRewards Points for a minimum spend of RM4 on any Grab-related services such as GrabFood, GrabExpress, Grab transportation and so much more. This will help students become strategic with their spendings and put them on the road to becoming financially-savvy young adults. 

• Every purchase, fund transfer and top-up on GrabPay is recorded on a user-friendly transaction history. This helps students avoid overspending and implement strategic expenses that will yield more savings and rewards. 

TnG e-wallet

One of the nation’s leading e-wallets for its road and transport related services isTnG e-wallet. It is partnered with 27 banks and 250,000 merchants. It gives student access to the following: 

• Students who just got their license can drive with comfort as TnG e-wallet enables seamless toll payments through PayDirect and RFID Tag. For PayDirect users, they would still have to use their physical Touch ‘n Go card at tolls, but the money will be deducted from their TnG e-wallet balance, while RFID Tag users do not have to step out of their vehicles, the tag placed on their windshield will be scanned and only then the transaction will be made from the users’ TnG e-wallet balance. This also helps remove heavy traffic to ensure students will have a safe drive. 

• #LebihBanyakEkstra offers attractive and exclusive promotions/deals for TnG e-wallet users such as getting a Allianze e-wallet shield, RM5 off EZCab rides and so much more. This helps students enjoy the luxury of multiple goods without excessive spending. This also helps them discover new products available in the market. Hence, this will enable them to compare the quality and value of products before buying anything. 

• Avoid scams with TnG e-wallet money-back guarantee program. Most young people are victims of fraud, but students can take comfort in this safety feature that guarantees full compensation for unauthorised payments. 

RazerPay

This is an e-wallet aimed largely at gamers. In other words, it has a strong appeal towards students. It is a part of the global hardware manufacturer and gaming giant Razer Inc., and it is partnered with 7 banks and 1,000 online merchants. It gives student access to the following: 

• RazerPay users can top-up from any 7-Eleven store in Malaysia, or top up through the app itself. This makes it easy for students to track the frequency of their top-ups either through digital or physical receipts. 

• It allows users to easily purchase PINs for various entertainment services such as zGold MOLPoints, Steam Wallet, Garena, Sony PlayStation, Spotify, iflix and more. This feature makes it easy for students to carve time for their hobbies and pleasures. 

• It is generous in providing coupons, rebates, promotions and giveaways. This gives students a chance to claim free or discounted products which will help them save money. 

• In the midst of completing homeworks, preparing for finals and sorting out all school-related activities, it can be hard for students to convey their care to their  loved ones in the form of gifts. RazerPay allows users to send care packages to frontliners, family members and friends.  

WeChat Pay

WeChat Pay originated from China but has quickly made a home for itself here as Malaysia is the first foreign country outside of China to have WeChat Pay enabled in a local currency.  It is only available for Mastercard or Visa debit cards issued by local banks, and it is partnered with 8 merchants. Even though it does not come with a long list of partnered merchants; it still brings forth a number of good benefits for consumers, especially for young people. It gives student access to the following: 

•  Pay for prepaid telco plans such as Altel, Celcom, Digi, Friendi, Maxis, Merchantrade, Tune Talk, U Mobile and XOX. Although students might not be the one paying for their own phone bills (yet), this feature helps them get the task done on behalf of their parental figures which gives them a sense of responsibility. 

• Purchase bus tickets directly from the app; it also allows users to book their seats through a third-party bus service provider.

• It allows users to easily transfer funds through WeChat’s chat function. This enables students to keep track of who they sent or received funds from and why. 

The growth of e-wallets does not dismiss the growing needs of students. From transportation to entertainment purchases, most e-wallets make it a worthwhile experience for young people. If you want to learn more about how e-wallets serve consumers, we’ve got you covered here.