07 December 2018

A New Way of Transferring Money via DuitNow !!!

Remember this date, 8 December 2018, it will mark another milestone in the financial industry in Malaysia with the launching of DuitNow money transfer service. The new service was introduced to eliminate the below conversations between all banking users:

"Please give me your bank account details..."
"What's your bank account number again?"
"Which bank is your account? I forgot..."

Now, you don't have to ask your friends their lengthy bank account number anymore. With DuitNow, you can send money instantly on a 24/7 basis to mobile numbers, NRIC numbers or business registration numbers.

Send and receive funds instantly anytime, anywhere.

Instantly?Yes, because the name was 'Do-it-Now' actually.

How can I receive money using DuitNow?

06 December 2018

Salary Deduction Schedule for PTPTN Loan Repayment effective 2019

Under the new mechanism which was announced in Budget 2019, all PTPTN loan borrowers have to abide by the repayment of their student loan via salary deduction starting Jan 2019.

Today, PTPTN chairman Wan Saiful Wan Jan disclose the details via media briefing on this new mechanism called "Scheduled Salary Deductions" or "Potongan Gaji Berjadual" (PGB) in Malay.

So, how many percent % would it be from your salary ???

How about first-class honors graduates?

03 December 2018

10 Most Popular E-Wallet in Malaysia

It's time to go cashless! ❤❤❤ After knowing the unavoidable changes that landed here, e-wallet will take the market by force or by storm. From our previous article, 👉 "Why e-Wallet will be the Future Payment Method in Malaysia?" (click here), we continue with the topic of e-wallet.

No more carrying hefty cash.
You can do it all from your smartphone!

In this article, we will write about the most widely used / popular e-wallets in Malaysia. 

Steps-by-step to make payment

Here is some brief introduction of them... ↓↓↓

18 November 2018

Why e-Wallet will be the Future Payment Method in Malaysia?

Throw away your wallet! Replacing it with e-Wallet! You like it or not, the future of making transactions will be via electronic-wallet or QR code payments. We called it as e-Wallet.

In recent years, QR code payments are increasingly being seen as an affordable alternative 
to cash payments, particularly in Asia where mobile phone penetration is relatively higher. Across different jurisdictions, regulatory approaches have varied.

Considering Malaysia’s market characteristics, Bank Negara Malaysia has adopted a unique approach that aims to ensure a unified and interconnected network amid the proliferation of QR code payment providers. Hopefully, this will be happening very soon.

What's the central bank's initiatives on e-wallet ?

09 November 2018

[EPF-MIS] Revised Basic Savings Table effective Jan 2019

Attention to all EPF members investment scheme (MIS) members, once again, EPF has just announced that they will be revising the basic savings threshold before a member can withdraw for investment purpose effective Jan 2019.

Higher or Lower ???

Of course, it will be revised higher in view of rising inflation or the depreciation of our value of money. The new quantum for the Basic Savings in EPF Account 1 will be revised from RM228,000 (RM 950 per month for 20 years) to RM240,000 (RM1,000 per month for 20 years) at member’s age of 55 years old.

According to EPF, the basic savings refer to the amount that is considered sufficient to support members’ basic retirement needs for 20 years from age 55 to 75 aligned with the Malaysian life expectancy.

How much Higher ???
Related Posts Plugin for WordPress, Blogger...