U Mobile Unveils A Comprehensive Fintech Ecosystem With Digital Financial Services Consisting Of Gopayz And Gobiz

• By CompareHero.my
• June 20, 2019

U Mobile Sdn Bhd (“U Mobile”), the data-centric and multiple award-winning telco, today announced that it would be rolling out a fintech ecosystem this July. The comprehensive ecosystem will be the telco’s first foray into the fintech world and it consists of two distinct platforms, GoPayz and GoBiz. GoPayz is a universal e-wallet offering digital financial and lifestyle services targeting consumers while GoBiz is a digital payment acceptance solution created to benefit all types of businesses. U Mobile aims to make fintech services a lot more accessible,affordable and inclusive.

GoPayz’s distinct features are as follows:

1) Affordable Digital Financial Services – A wide range of insurance, online currency exchange, and wealth products tailored based on individual needs. For example, the micro insurance product GoLife Plus features premiums as low as RM13 per month, with coverage of up to RM 76,000.

2) Widely Accepted Anywhere – From online to retail, make payments anywhere locally and overseas via GoPayz’s Mastercard, UnionPay, Visa virtual and physical cards.

3) Accessible Anytime – Customers can perform everything at their convenience via mobile app.

4) Rewarding – Earn GoPointz loyalty points from various transactions and receive surprise rewards for qualifying transactions.

5) Secure and Safe – All transactions are performed in a safe and secured manner in accordance to regulatory and card scheme standards. As for GoBiz, the digital payment acceptance solution platform is designed to benefit all businesses, big or small. The key features of GoBiz are as follows:

• Hassle Free Application Process – Approval within 3 working days.
• Customised Solutions – Businesses can digitise their payment acceptance with solutions such as mobile point-of-sale (mPOS), or mobile virtual terminal (MVT).
• Wide Acceptance – GoBiz partners with Mastercard, UnionPay and Visa giving merchants the flexibility to accept payments from local and international customers.
• Opportunity to Increase Revenue – GoBiz merchants may opt for additional revenue-generating services such as telco prepaid top-ups, bill payments and even game points to offer to their customers.
• Secure and Safe – All transactions are performed in a safe and secured manner in accordance to regulatory and card scheme standards.

During the media briefing, Jasmine Lee, CMO of U Mobile, explained that GoPayz is a significant milestone not just for U Mobile but for the fintech industry. “With GoPayz, we can now offer affordable digital financial services to everyone. We have GoLife Plus, the micro insurance which premium is as low as RM13 a month with coverage of up to RM76,000. The premium is unheard of prior to this as life insurance has always been deemed to cater to those with higher disposable income.”

She added that GoBiz, like GoPayz, stand to benefit many too. “U Mobile’s intention with our fintech ecosystem is to empower all, be it consumers or businesses. Hence, GoBiz seeks to enable all businesses, even the smallest of traders, to accept digital payments from customers and offer additional revenue-generating services like telco prepaid top-ups and bill payments to their customers.”
[tags]

Malaysia Tech Week Brings the Best of Future Tech to Malaysia

• By CompareHero.my
• June 18, 2019

Malaysia Tech Week brings the top businesses and tech minds together in Kuala Lumpur.

Leaders from Maxis, IBM, Hong Leong Xchange, UOB Bank, U Mobile, Merchantrade, YES Communication and Facebook will be among the 40 industry influencers to share their knowledge with the startup ecosystem by leading over 30 side events by 200 over speakers at Malaysia Tech Week on 17 to 21 June 2019. This inaugural event is organised by Knowledge Group of Companies, supported by Malaysia Digital Economy Corporation (MDEC), Bank Negara Malaysia, Cradle Fund Sdn Bhd (Cradle) and Malaysian Global Innovation and Creativity Centre (MaGIC).

This event will have more than 1,000 delegates from all over the world together with some of the biggest tech and innovation companies including IBM and Maxis who are the tech leader sponsors, with U Mobile as platinum sponsor, Razorpay as Official ePayment partner and Axiata Digital represented by Apigate and Boost, HLX, YES Communication, Facebook, Merchantrade, TechNode, UOB, UEM Sunrise Fusionex and Futurelabs as the signature sponsors.

The schedule is packed with pitching sessions, meetup with investors, workshops, launching events, satellite shows, developer’s lab, talks, end with night crawl and networking session every night. Malaysia Tech Week covers a vast collection of topics including, proptech, e-commerce, Blockchain, Islamic Digital Economy, fashiontech, fintech and many more in multiple locations such as Wework, Common Ground, Dojo KL, WORKQ, Wotso, Orbit and Co-labs.

The Event kickstarts with MyDroneX, Malaysia Drone Expo at Cyberjaya hosted by Futurise and MDEC on the 17 June 2019. The tech disruption starts with Connexus the flagship conference of Malaysia Tech Week on 18 June 2019 at Connexion@Nexus, Bangsar South, where all the tech ecosystem players will gather to discuss on the current technology trends over industry talks, business matching, breakout tracks and exhibition by various corporations and startups.

The next 3 days are decentralised events of Corp Innov8 and TechXperience at various co-working spaces and corporate offices. This concept of decentralised series of events is the first ever attempt by Malaysia Tech Week for the delegates to experience the business culture in Malaysia. The event ends on Friday with sessions by World Bank, Technode and UOB covering topics on inclusive economy, accessing China and Southeast Asia market and the launching of their Jom Transform program in Malaysia Powered by UOB.
[tags]

6 Ways You Are Wasting Money

• By CompareHero.my

Cost of living in Malaysia is still high, despite a low inflation rate of 1% in 2018. In order to cope with soaring expenses, Malaysians have been searching for useful tips to save money to get them through tougher times. But instead of focusing on money-saving tips, how about placing emphasis on your spending habits can effectively help you manage your finances better.

These are examples of how you could be mindlessly wasting your money:

1. You buy for the sake of buying

Nothing beats the pleasure of running your fingers down a brand new leather bag. The feeling of walking in a new pair of heels? Satisfying. Nevertheless, not being able to suppress the desire to buy anything and everything which appeals to you might result in unnecessary spending and this in turn will lower the possibility to set aside sufficient money for savings.

Unless you are diagnosed with Compulsive Buying Disorder (CBD) or Oniomania, which are actual mental illnesses characterized by the obsession with shopping, it is advisable to start investing your money in something that is actually useful and that will bring a return instead.

2. You buy things just because they are on sales

Sales in Malaysia take place during every festival – Hari Raya, Chinese New Year, Deepavali, Christmas, New Year’s, Valentine’s Day, and the list goes on. Sometimes, there are even pre-festive and post-festive sales, not forgetting the famous Year End Sales (YES!). Hence, it is not a big deal if you refrain yourself from shopping this coming sale. If there is something you really need to buy, chances are that it will be on sale just a few weeks from now.

Photo credit: Free Malaysia Today

3. You buy things you do not actually need

Your wardrobe is filled to the brim with clothes you did not even know existed. You have five bottles of body lotions, four still sealed and unused. Three out of six bottles of fruit jams that you bought are expiring in less than thirty days. You buy everything in excess, without the intention of actually consuming them. Fret not, because you are not alone. There are so many people out there who practice similar habits – so much so that author and expert Pamela N. Danziger has written an entire book about it called Why People Buy Things They Don’t Need. According to researches conducted by other experts, it is concluded that people buy things they do not need because this satisfies them emotionally or brings higher status to their lives.

4. You would rather eat out than to cook your own meal, even if it’s Maggi Goreng

You have a kitchen at home but you still prefer the comfort of indulging in someone else’s cooking. The idea of having to get all the ingredients together, chop them up, and have them stirred around in a frying pan leaves you terrified. And don’t forget about the unavoidable cleaning process that comes with it later on!

Cooking may seem like a chore, but it is perhaps the most effective way to save up. Thanks to the rapid development in our country (along with the re-implementation of GST), price levels have been on the rise. One single meal at a decent restaurant (with roof and air-conditioning) in Kuala Lumpur would usually start at around RM15, while that amount worth of fresh groceries would be able to keep you well-fed for a day or two.

5. You buy because you want to keep up with trends

It sure feels great to own the latest iPhone or Samsung devices, but that would mean having to change your gadgets every six months. You would either end up having more than ten perfectly functional phones by the time you reach 35, or you would be forced to sell your perfectly functional phones away just to give way to newer, more popular ones. Trends are ever-changing, and having to keep up honestly takes a lot of effort (and money).

6. You have been shopping at the same supermarket… without a loyalty card (or credit card)

Shopping for foodstuff and essential household items is inevitable. The total money spent on grocery shopping every month will add up to a large amount. Almost every supermarket and hypermarket in Malaysia offers some sort of loyalty card which entitles you to seasonal promotions, daily member discounts, and reward programs based on the amount of points collected. It is advisable to sign up for a member card the next time you are shopping at your favorite grocery store to ensure that you are able to make the most out of all the benefits offered.

Then there’s using a credit card to pay for your groceries. Why not take advantage of the cashback or reward points?

Maybank Cardholders, No Cashback And Rewards Points For E-Wallet Reloads From 8 July 2019

• By CompareHero.my
• June 17, 2019

Maybank has announced, starting 8 July 2019, that any reload to all Malaysian third-party e-Wallets using Maybank Cards will no longer earn any Maybank rewards (TreatsPoints / Membership Rewards™ Points / Treats AirMiles) and Cash Back.

This move will affect all Maybank cardholders using e-wallet apps, especially GrabPay and Boost, both of which accept American Express cards, especially the popular Maybank 2 Gold/Platinum Amex that earns 5% weekend cashback and 5x weekday TreatsPoints.

Photo credit: Fintech News Malaysia

Comparison of the Prices of Boba Teas in KL

• By CompareHero.my
• June 13, 2019

Gone are the days where social media would be flooded with coffee cups and cafe sessions, cause now it’s all the craze for boba tea! Be it bubble tea,  pearl tea or boba tea, whichever way you call it, we have to admit, it has become a global phenomenon. These little squishy drinks has become such a massive part of our existence that it almost feels bizarre to lepak with your friends without getting one.

However, it’s declared as one of the most unhealthiest drinks around. So it kind of burns a hole through your wallet! It really isn’t one of the cheapest tea drinks around, right?

But hey, we’re not asking you to completely cut out the little black pearls from your life because let’s face it, that would be preposterous! What you can do, however, is to drink it less frequently and find the best boba that fits for your budget! We’ve got your back, read on and find out the price comparisons between 18 of boba teas you can find around. For an accurate comparison, we will be compiling the price for Brown Sugar Boba Milk or Milk Tea with Pearl across all the bubble tea brands.

If you often get serious boba milk tea cravings, then we have the Cheapo Range solution for you! These brands list their teas as one of the cheapest in the market. And while they may be cheap, they’re still packed with flavour. Ranging from some of the oldest bubble tea brands in Malaysia, to the latest addition from Family Mart, these bubble milk tea is super tas-tea, and they help you save your money!

Now let’s paint a weekend picture and you’re out on a date with your significant other, suddenly she says “Hey, I’m craving for some boba, can we please get some?” Now, you want to seem like a gentleman but at the same time, you want to save some money. We all know how a lavish cup of boba can be (sometimes we can hear the burning sizzle in our wallets) but this happens occasionally, so what are you waiting for? The bubbles are bouncy and chewy, the milk tea is creamy, but just be mentally prepared to queue up for the tea though!

So we’ve gone from daily boba, to weekly boba and now it’s probably the once a month boba. Gaji dah keluar and you have some money to splurge, why not go big with these top of the range boba teas. From cheese foams, to tiger stripes in your drink, these outlets give you some what of a different engagement when it comes to boba tea.  You can expect your drink to be on the pricey side, but the ingredients, experience, and the enhanced flavour they market to the crowd, you’ll be finding yourself returning to the outlets, thirsty for more.