EXPERIENCE IS THE TEACHER OF ALL THINGS
-Julius Ceaser

Friday, March 28, 2008

E-wallet In Malaysia

Going cashless? Get Kedahkad. Hmm....it is not in the market yet but according to its website it will be available for sale in the first quarter of 2008. It is a prepaid card with value-added travel packages for tourist. I am not sure how far the preparation for the use of the card is going on with the new government. This e-wallet application was planned in 2007 to coincide with the promotion of Visit Kedah Year 2008.
I remember when I was in Hong Kong, I used the Octopus card an e-wallet for most transactions and I don't have to carry a lot of cash. Just top up the e-wallet and it is usable in the transportation systems, retail outlets, restaurants and cafes.

If Kedah is going t introduce the Kedahcard, I wonder whether it is usable throughout the country. If the usage is restricted to Kedah only, then I don't think it will get popular outside the state. With the popularity of electronic transactions, consumer will prefer cards that has more choice. However as a Kedahan, I will get one as a show of support and add it to my card collections.

Today I sign up for a Maybankard tr'eats which serves as a ATM card and also has credit card functions. This card replaces my Yellow and Black ATM card and I have to pay RM 12 for the card which is valid for 7 years.




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