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

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

Kuala Lumpur, Malaysia — 10 January 2018 — MOL AccessPortal 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 PINs 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 7-Eleven 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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About MOL Global, Inc.

MOL Global, Inc. is a leading e-payment enabler for online goods and services in emerging and developed markets. MOL operates a payments platform that connects consumers with digital content providers, telecommunications service providers and online merchants by providing a vast network of distribution channels that accepts cash and online payment methods. Its physical distribution network comprises more than 970,000 locations in 11 countries across four continents. The Company also has mobile payment channels, electronic distribution channels that accepts major credit cards and online banking from more than 100 banks.MOL’s diverse products and services include the MOLPoints, an online micropayment system which sells payment credits that can be used to purchase online game credits and digital content; MOLReloads, a distribution network that distributes prepaid mobile airtime and digital content; MOLPay, a payments solution for online merchants; and MMOG.asia, an online games portal; Gift Cards, a perfect gift for any occasion and One2pay, a mobile wallet app. For more information, please visit http://molglobal.mol.com/

About 7-Eleven Malaysia

7-Eleven Malaysia Sdn. Bhd. is the owner and operator of 7-Eleven stores in Malaysia. Incorporated on 4 June 1984, 7-Eleven Malaysia has made its mark in the retailing scene and have been a prominent icon for over 28 years. We are the pioneer and the largest 24 hours convenience store operator in Malaysia. Upon achieving its 1,000 mark in stores network, 7- Eleven Malaysia opened its door to local entrepreneurs through its unique franchising program in 2009. We are the first franchisor in the local market to offer existing profit-making stores to franchisees. The largest convenience store in Malaysia with over 2100 outlets nationwide, 7-Eleven Malaysia serves more than 900,000 customers daily. 7-Eleven stores can be found across bustling commercial districts to serene suburban residential compounds throughout Malaysia, from petrol stations and LRT stations to shopping malls and medical institutions. 7-Eleven is Always There For You.

About MARA Corporation

MARA Corp is a commercial strategic investment arm and a holding company established by Majlis Amanah Rakyat (MARA.  MARA Corp is an impact economy investment firm focused on active investments in the development of Entrepreneurs, Commercial and Industrial Community with innovative ventures that deliver economic value creation and a social good.   MARA Corporation aims to be the Global Leader in Impact Investing while retaining MARA’s core objective of Bumiputera social development. From its current pool of assets, it will increase its investments and partnerships to cover additional strategic areas as outlined in the MARA Corporation Investment Blueprint.

 

Media Contact:
MOL
Shyla Sangaran
Tel: +603-20821318
E-mail: shyla@mol.com

 

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