{"id":18647,"date":"2023-11-01T04:10:00","date_gmt":"2023-10-31T20:10:00","guid":{"rendered":"https:\/\/www.comparehero.my\/blog\/uncategorized\/best-ewallet-malaysia.html"},"modified":"2026-03-27T15:22:14","modified_gmt":"2026-03-27T07:22:14","slug":"best-ewallet-malaysia","status":"publish","type":"post","link":"https:\/\/www.comparehero.my\/blog\/e-wallets\/best-ewallet-malaysia.html","title":{"rendered":"Ultimate Guide To E-Wallets In Malaysia – Which Should You Get?"},"content":{"rendered":"\n

E-wallets are one of the fastest-growing payment trends in Malaysia, with over 53 e-wallets now available in the country. This growth is being driven by a number of factors, including the government’s aim to transform Malaysia into a cashless society, the convenience and security of e-wallets, and the growing popularity of online shopping and mobile payments.

<\/p>\n

What is an e-wallet?<\/span><\/strong><\/h2>\n

E-wallet is a digital version of your wallet. You can use it to pay for things online, in stores, and in apps without carrying cash or credit cards.<\/p>\n

To use an e-wallet, you download an app and create an account. Then, you add your payment information to the app. To pay for something, you simply scan a QR code or tap your phone on a contactless payment terminal.

<\/p>\n

Types of e-wallets

<\/span><\/strong><\/h2>\n

Open-loop e-wallets<\/span><\/strong><\/h3>\n

These e-wallets can be used to make payments to any merchant that accepts e-wallets. Some examples include Touch ‘n Go eWallet<\/a><\/span>, GrabPay and Boost.

<\/p>\n

Closed-loop e-wallets<\/span><\/strong><\/h3>\n

These e-wallets can only be used to make payments to merchants that are affiliated with the e-wallet. For example, the Shell Go+ is a closed-loop e-wallet that can only be used to make payments at Shell petrol stations.

<\/p>\n

Prepaid e-wallets<\/span><\/strong><\/h3>\n

These e-wallets need to be topped up with money before they can be used to make payments. Prepaid e-wallets are a good option for people who want to control their spending or who do not have a bank account. Some examples of prepaid e-wallets in Malaysia include BigPay and Setel.

<\/p>\n

Bank e-wallets<\/span><\/strong><\/span><\/h3>\n

These e-wallets are linked to a bank account. This makes it easy to transfer money between your bank account and your e-wallet. Some examples of bank e-wallets in Malaysia include MAE and CIMB Clicks.<\/p>\n

 <\/p>\n

Perks of using e-Wallet<\/span><\/strong><\/h2>\n

Convenience<\/span><\/strong><\/h3>\n

Using e-wallets saves you time. With a few clicks, you can make a transaction in just a few minutes. It saves the hassle of typing out bank account numbers for online transfers or counting bill changes physically.

<\/p>\n

Security<\/span><\/strong><\/h3>\n

Your payment information is encrypted and stored on your device, making it difficult for unauthorized users to access it. E-wallets also offer features such as two-factor authentication to further protect your account.

<\/p>\n

Rewards<\/span><\/strong><\/h3>\n

Many e-wallets offer rewards programs that allow you to earn cashback and discounts on purchases. You can also redeem your rewards for products and services from participating merchants.

<\/p>\n

How to Choose the Best e-Wallet<\/span><\/strong><\/h2>\n

Acceptance rate<\/span><\/strong><\/h3>\n

Where can you use the e-wallet? Some e-wallets are more widely accepted than others, especially in smaller towns and rural areas.

<\/p>\n

Types of merchants<\/span><\/strong><\/h3>\n

Look for e-wallets that can be used for multiple purposes such as online shopping, food delivery, or transportation.<\/p>\n


<\/span>Promotions and benefits<\/span><\/strong><\/span><\/h3>\n

Some e-wallets offer cashback, discounts, or other rewards for using their service.<\/span>

<\/span><\/p>\n

Top eWallet Comparison in Malaysia<\/span><\/strong><\/h2>\n\n\n\n\n\n\n
\n

Feature<\/strong><\/p>\n<\/td>\n

\n

Touch ‘n Go<\/strong><\/p>\n<\/td>\n

\n

DuitNow QR<\/strong><\/p>\n<\/td>\n

\n

MAE<\/strong><\/p>\n<\/td>\n

\n

Apple Pay<\/strong><\/p>\n<\/td>\n

\n

Setel<\/strong><\/p>\n<\/td>\n<\/tr>\n

\n

Payment Acceptance<\/p>\n<\/td>\n

\n

Over 1.4 million merchants nationwide like Giant, Mydin, Tesco, Watsons, Lazo Diamond, Converse<\/p>\n<\/td>\n

\n

Over 1.5 million merchants nationwide like 7-Eleven, FamilyMart, Harvey Norman, Malaysia Airlines<\/p>\n<\/td>\n

\n

Over 500,000 merchants nationwide like AEON, Jaya Grocer, Krispy Kreme, TGV Cinemas, Mydin<\/p>\n<\/td>\n

\n

Over 200,000 merchants worldwide like Apple, H&M, and Air Asia.<\/p>\n<\/td>\n

\n

Over 1,200 Petronas stations nationwide<\/p>\n<\/td>\n<\/tr>\n

\n

Rewards<\/p>\n<\/td>\n

\n

TNG points for every transaction can be redeemed for rewards.<\/p>\n<\/td>\n

\n

Earn cashback and rewards for using DuitNow QR.<\/p>\n<\/td>\n

\n

Earn MAE points for every transaction, which can be redeemed for rewards.<\/p>\n<\/td>\n

\n

Earn cashback and rewards for using Apple Pay at participating merchants<\/p>\n<\/td>\n

\n

Earn Setel points for every transaction, which can be for rewards.<\/p>\n<\/td>\n<\/tr>\n

\n

Additional features<\/p>\n<\/td>\n

\n

Pay for Touch ‘n Go toll and parking charges, reload prepaid cards, and make online payments. TNG has a Money-back Guarantee policy that promises full compensation within five days if your e-wallet is being charged with unauthorised purchases or reload.<\/span><\/p>\n<\/td>\n

\n

Peer-to-Peer transfer, Pay bills, buy tickets, and make donations<\/p>\n<\/td>\n

\n

Open to non-Maybank customers as well.<\/span>

<\/span><\/p>\n

Upon registration, users will get a Maybank account number and a virtual debit card.<\/span>

<\/span><\/p>\n

You can pay bills, buy insurance, and invest<\/p>\n<\/td>\n

\n

Make contactless payments at stores and online<\/p>\n<\/td>\n

\n

Pay for parking, tolls at selected highways and petrol at Petronas stations<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n


E-wallet Vs <\/span><\/strong>Credit Card <\/strong><\/a><\/span>Vs Debit Card – What\u2019s The Difference?<\/span><\/strong><\/h2>\n

Credit Card<\/p>\n