Tencent’s WeChat announced today the launch of WeChat Malaysia’s payment feature called WeChat Pay MY. The all payment solution from China will enable local businesses to engage with their customers under the same platform and make or transfer payment in Malaysian Ringgit (RM).

To celebrate the launch, Malaysian users of WeChat Pay MY will receive an amount ranging from RM3.88 (US$0.95) to RM88.88 (US$21.70) and a prepaid top-up coupon randomly from today until August 28.

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The most highlighted feature of WeChat Pay MY would be Money Packet, which works by allowing users to transfer money without any charges. With two options of Individual Money Packet and Group Money Packet, users can have peer-to-peer (P2P) transaction within WeChat for good wishes.

Other features available are Quick Pay, a QR code payment method in the merchant store, and Debit Card Binding to eliminate the need for carrying a separate card. Users can also buy mobile top-ups and bus and airline tickets with their WeChat Pay account.

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“Our aim is to facilitate the development of the Malaysian market by introducing local users and businesses with a simple, secure and convenient mobile payment experience through WeChat Pay. KK Super Mart is now the first chain store in Malaysia to accept WeChat Pay MY,” said Poshu Yeung, Vice President of Tencent International Business Group. Yeung added that the launch is also aligned with Bank Negara Malaysia (BNM)’s move towards a cashless society.

WeChat Pay MY ensures that they have the BNM’s blessing to officially become one of the mobile payment tools available in the country. WeChat Pay MY guarantees 24/7 real-time monitoring of all of the transactions made through its transaction monitoring system with 6-digit payment password defaulted to users before any payment is authorised.


Image Credit: Sampi