Maybank targets 20,000 users for mobile wallet payment

KUALA LUMPUR: Maybank has launched Malaysia's first mobile wallet called MaybankPay and is targeting to register at least 20,000 users within the first year.
MaybankPay will enable customers to make cashless payments via smartphones and other handheld devices, which will then be charged to their Visa cards.
Payment is effected simply by scanning their mobile phone at merchant card terminals, which carry the Visa PayWave capability nationwide.
Head of community financial services Datuk Hamirullah Boorhan said the launch of MaybankPay is part of Maybank's strategy to strengthen its digital offering.