Maybank2u Pay to facilitate online shopping

Info versi Bahasa Malaysia, klik di sini.

maybank2u_pay_blogshopKUALA LUMPUR: Maybank2u Pay, a payment gateway for blogshops, is expected to facilitate RM5 million worth of online shopping transactions in Malaysia next year as consumers look to blogshops as a convenient and reliable online shopping experience.

Malayan Banking Bhd (Maybank) president and chief executive officer Datuk Seri Abdul Wahid Omar said the Maybank2u Pay will likely attract at least five per cent of the 3,000-strong local blogshop community this year.

This customer base is projected to increase to 30 per cent with expected transaction value of RM105 million in five years.

Within Maybank itself, there are some 2.3 million active users who performed more than 2.5 million online shopping transaction, worth about RM675 million last year.

Abdul Wahid said Maybank will establish the Maybank2u Pay service locally before expanding it to Indonesia, the Philippines and Singapore next year.

“We intend to introduce this to other key markets in the region, where we believe we can make a significant impact on the lives of micro entrepreneurs,” he said at a media briefing yesterday.

Maybank is the first in Malaysia to launch such a payment gateway for the blogshop community.

Originally hosted on free blog sites, blogshops are now becoming regular online stores while retaining more personal customer relationships.

The country’s biggest lender, which has been a leader in Internet banking since it introduced the service in 2000, commands nearly half of registered users in the market for its services, which include the bill payment facility and online fund transfers.

Over the years, Maybank found an increasing trend of blogshops using its website as a payment facility. They were, however, too small to be registered as payee corporations and in most cases, were using online fund transfers as a mode of payment from buyers to sellers.

Maybank2u Pay eliminates the current need to send proof of payment to blogshop owners. Instead, Maybank2u Pay will send email alerts to both buyers and sellers when a payment is made.

News Source: (Published: 17/4/2013)

Maybank2uPay_logo Perhatikan logo Maybank2u Pay ini di kedai online MYORDER




Both comments and pings are currently closed.