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, πŸ‘‰ "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... ↓↓↓

  1. Boost
    ~ Developed by Axiata Digital Services Sdn Bhd, a unit of Axiata Group
    ~ Instant cash rebate via its addictive shake rewards after each transaction
    ~ Having the most users in Malaysia (around 3.5mil users)
    ~ Notable merchants: Borders bookstore, 99 SpeedMart, SenHeng, Nando's, Tesco, Teppanyaki, Regiustea, Petsmore, Mydin...
    ~ Click here to download from Google Play / App Store (Use code: yeo31ln) to get *RM5 cash back for your prepaid mobile top up

  2. Touch N Go e-wallet
    ~ TNG Digital is a joint venture company between TNG and Ant Financial (a subsidiary of Alibaba group)
    ~ Able to add your physical Touchn'Go card(s) and view the real-time balance and latest 5 transactions (reload/top up feature will be coming very soon)
    ~ Can bind with your RFID and make your toll payments via your e-wallet money
    ~ Default wallet size is RM200, or RM1,500 with debit/credit card binding, or RM5,000 with RFID tag
    ~ Notable merchants: TGV cinema, MPH, Popular bookstore, Tesco, EspressoLab...
    ~ Click here to download from Google Play / App Store

  3. Maybank QR Pay~ Obviously, this is by Maybank
    ~ Linked with the M2U mobile app togther with your saving/current account
    ~ *For transactions below RM250, biometric / M2U password is not required
    ~ Notable merchants: NeneChicken, MyBurgerLab, Coffea Coffee, Gloria Jean's Coffee...
    ~ Click here to download from Google Play / App Store

  4. WeChat Pay~ Backed by the powerful Chinese tech company Tencent Holdings
    ~ One of the duopoly e-wallets in China, together with Alipay
    ~ Notable merchants: Starbucks, Petron petrol stations...
    ~ Click here to download from Google Play / App Store

  5. Fave Pay~ Powered by Fave, the new owner of Groupon since end-2016
    ~ Recently partner with Boost as one of the mobile wallet payment option
    ~ Notable merchants: JuiceWorks, llaollao, AuntieAnne's, PappaRich...
    ~ First you have to download the FAVE app (Use code: FAVEALEX1039) to get *RM5 off your first purchase with a minimum of RM10 spent.
    ~ Click here to download from Google Play / App Store

  6. Grab Pay~ Powered by Grab
    ~ Earn GrabRewards points each time you pay
    ~ Seamless payment for your Grad rides, GrabFood...
    ~ Notable merchants: Fish&Co., Tealive, Inside Scoop, Sakae Sushi...
    ~ Click here to download from Google Play / App Store

  7. BigPay~ Owned by AirAsia
    ~ The only e-wallet which comes with a physical MasterCard prepaid card
    ~ Waive the 2% fee charged by overseas ATM cash withdrawals via the physical card
    ~ Waive processing fees when purchasing AirAsia flight tickets
    ~ Earn BIG points and also able to pay in local currency when you're abroad
    ~ Notable merchants: AirAsia (of course)
    ~ Click here to download from Google Play / App Store (Use code: VDN6123EJ2) to get *RM10 cash reward

  8. MCash~ One of the pioneer to launch e-wallet service in Malaysia
    ~ Homegrown brand (It stands for 'M'alaysia Cash)
    ~ Notable merchants: KK Mart
    ~ Click here to download from Google Play / App Store

  9. Kiple Pay~ Founded by listed company Green Packet Berhad
    ~ Previously known as Webcash
    ~ By signing up with kiplePay, it gives merchants more payment options such as internet banking, e-wallet and prepaid options on your respective online stores --- all under a single platform.
    ~ Notable merchants: Hai-O, Mydin, BeerFactory
    ~ Click here to download from Google Play / App Store

  10. Vcash~ Powered by Digi Telecommunications Sdn Bhd in partnership with Valyou Sdn Bhd
    ~ Recently, Vcash gained access to more than 10,000 Ambank terminals merchants
    ~ Anyone with a smartphone can use this (not only DiGi users...)
    ~ Notable merchants: Manhattan Fish Market, Eggette Lab, New York Steak Shack...
    ~ Click here to download from Google Play / App Store

Interestingly, we noticed that most of these are either in colour of green or blue 😼😼😼

This is a guest article in collaboration with Facebook@EWalletForAll

Don't forget to follow our active updates via Facebook @financemalaysia


  1. Setel Petronas wallet not here? Higher ranked than Kiple and Vcash in Playstore but not listed in this list. crap!

  2. E-wallet best sbb banyak kali dpt cashback so jimat hehe πŸ˜›


Finance Malaysia Blog appreciates your comment. Cheers!