View all newsletters
Receive our newsletter – data, insights and analysis delivered to you
  1. News
January 11, 2018

MOL introduces mobile wallet app “One2pay”

MOL AccessPortal, an e-payment enabler for online goods and services in Malaysia, has introduced its own mobile wallet app, dubbed One2pay.

Anyone with a valid Malaysian mobile phone number can sign up to the app, which is regulated by the central bank of Malaysia. The app can be used across all 7-Eleven stores in Malaysia.

In order to accept payments through the app, merchants have to scan One2pay users’ barcode/QR code.

Users will be able to buy One2pay top-ups at any local 7-Eleven store or through online banking, and will also be allowed to cash out the e-wallets into their bank accounts.

“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,” MOL said.

MOL plans to expand One2pay’s reach to more than 6,000 touchpoints in one year. The company is also in talks other retailers such as Starbucks, Wendy’s and Kenny Rogers Roasters to accept the app.

MOL global group CEO Preecha Praipattarakul said: “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.

“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.”

7-Eleven Malaysia acting CEO Ho Meng said: “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.”

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy