SHAH ALAM, 8 February 2018 - Participants at the World Urban Forum 2018, held at KL Convention Centre from 8th to 13th February had the opportunity to experience the ease, convenience and security of utilising cashless transactions at the Food Stations with vcash. All they had to do was download the vcash app, scan the merchant's QR code, input the payment amount and verify the transaction via a six-digit PIN or fingerprint authentication to complete their purchases. As an incentive, vcash users at the event were also given a special discount code, enabling them to purchase food and beverages with a RM6 discount.
vcash works with any bank, any telco and any smartphone and is now available for all Malaysians on the Google Play Store or Apple App store for free. The usage of e-wallets has the potential to benefit all segments of society including people who do not have a bank account as well as businesses, both big and small, from roadside stalls to hypermarkets and more.
For businesses, a cashless environment eliminates costs and risks of storing cash and payment bottlenecks in the supply chain. vcash offers significantly lower costs for merchants, including a lower MDR compared to other payment methods, no annual fees, no installation fees and no special equipment or hardware.
Note to Editor:
vcash users do not have to be a Digi subscriber; it is open to everyone who owns a smartphone. vcash works with any bank, any telco and any smartphone and is now available for all Malaysians on the Google Play Store or Apple App store for free. It is a payment option even for Malaysians who do not have a bank account. This is important as it means providing accessibility for youths and the unbanked who commonly deal in cash; and giving them an easy and safe method for payment and transactions.
vcash offers four (4) key benefits over cash. It is safe, with every transaction secured by PIN or fingerprint ; convenient as it can be used anytime, anywhere for anything; trackable as it helps you to keep an eye on your expenditure and effortless as you can pay, send or receive money in a few taps.
To date, vcash is available at 500 physical touchpoints nationwide, with aspirations to grow these touchpoints to 2000 by year-end. In addition, vcash is now available as a payment option for merchants under MOLPay and iPay88’s online payment gateway networks, enabling consumers to transact using vcash with thousands of merchants with online shop fronts nationwide.
vcash is a secure and smart way to carry digital money on your smartphone. This new mobile money experience gives Malaysians the convenience of paying for anything, anywhere on-the-go. vcash is a solution offered by Digi Telecommunications Sdn Bhd in partnership with Valyou Sdn Bhd, a fintech subsidiary of Telenor Group. Valyou is authorised to issue e-money by Bank Negara Malaysia and promises security with every transaction. Discover how vcash can enable your cashless environment at vcash.my