MOL launches mobile wallet app One2Pay in Malaysia

• One2pay accepted in all 7-Eleven stores nationwide
• More touchpoints to be opened throughout the year

MOL AccessPortal Sdn Bhd, a wholly owned subsidiary of MOL Global Inc, launched its mobile wallet app called One2pay on Dec 10. The app was designed and developed from the ground up to make payment experience in the physical stores and digital world simpler and more seamless.

MOL Global Inc is an e-payment enabler for online goods and services in emerging and developed markets.

The mobile phone is an indispensable tool in today's modern society and making payment using mobile phone is poised to become a daily habit of millions of Malaysians. One of the key convenience factors of the One2pay mobile wallet is barcode/QR code payment. Merchants only need to scan the One2pay user's unique barcode/QR code for payment. Small retailers and food truck operators, for example, can display the One2pay QR code for their customers to scan and pay.

The One2pay app, regulated by Bank Negara Malaysia, is available for download in the Apple App Store and Google Play. Anyone with a valid Malaysian mobile phone number can register for a free account. To add funds, users can purchase a One2pay top-up PIN at any 7-Eleven store in Malaysia. Alternatively, users can add funds using online banking.

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 though the app. Users can also securely cash out their One2pay wallets into their bank accounts.

One2pay at 7-Eleven

During the launch event, MOL also announced that One2pay will be accepted at 7-Eleven Malaysia, the largest convenience store chain in Malaysia. Users were able to start using the One2pay app to pay at any 7-Eleven store in the Klang Valley area on the launch date. By Jan 17, all 2,218 7-Eleven stores across Malaysia will accept One2pay.

“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,” said Preecha Praipattarakul, MOL Global's Group CEO.

“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.”

“Customer convenience is the cornerstone of our brand promise. Enabling One2pay acceptance at 7-Eleven stores underscoresour commitment to deliver convenience to our customers. Malaysians can now walk into any 7-Eleven store, day or night, and pay using their mobile phones. This could be a game changer for us,” said Ho Meng, Acting CEO of 7-Eleven Malaysia.

In the coming months, leading F&B brands in Malaysia like Starbucks, Wendy's and Kenny Rogers Roasters will begin accepting One2pay mobile wallet payment. MOL aims to expand One2pay acceptance touchpoints to more than 6,000 within a year.

At the event, MOL also announced that MARA Corporation Sdn Bhd has signed a memorandum of understanding with MOL AccessPortal Sdn Bhd to explore opportunities in assisting each other in reenergising the business community and entrepreneurs by introducing mobile electronic payment gateways and an e-wallet supported by MOL’s home-grown fintech mobile wallet technology.

The event was also witnessed by majority shareholder of MOL Global Inc and 7-Eleven Malaysia and founder and executive chairman of the Berjaya Corporation Vincent Tan. Also present were chairman of MARA Corporation Yusof Yacob, deputy director general (Entrepreneurship) MARA Zulfikri Osman and acting CEO of MARA Corporation Lukman Musa.

The joint venture is to enable more users and merchants to deploy One2pay app and to adopt e-payment solutions. MOL will also assist in the deployment of merchant acquiring services via direct integration to merchant's point-of-sales physical or virtual terminals for physical cash and digital payment acceptance.

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