Cashless shopping at 7-Eleven with MOL’s One2Pay e-wallet

  • TECH
  • Wednesday, 10 Jan 2018

7-Eleven Store

Consumers can now go cashless at 7-Eleven with the roll out of MOL AccessPortal Sdn Bhd (MOL) mobile wallet app, One2Pay.

MOL Global Inc group CEO Preecha Praipattarakul said the chain of convenience stores was the first merchant to accept One2Pay and marked a milestone towards the company’s efforts to making Malaysia a cashless society.

For now the e-wallet is accepted at 7-Eleven stores in the Klang Valley, with the service expected to be made available at 2,218 stores across the country by Jan 17.

The app, which was regulated by Bank Negara Malaysia (BNM), could be used by anyone with a valid Malaysian mobile number.

Top ups are purchasable at 7-Eleven or via online banking, while users could also cash out the e-wallets by transferring the money into their bank accounts. Wallets are capped at RM1,500.

Praipattarakul said One2Pay was more convenient than credit or debit cards as merchants only needed to scan the unique QR code to accept payments, rather than using a terminal. This meant even small retailers and food trucks could accept e-wallet payments.

He said MOL, a wholly-owned subsidiary of MOL Global Inc, had the largest user and merchant base locally with around 4,000 registered merchants and 20,000 users, even before the launch.

“We know many e-wallet players are trying to enter the region, but we will leverage on our familiarity with the locals to stay ahead. Plus the market is still fairly open,” he said, during a press conference after the launch at the ANSA Hotel in Kuala Lumpur.

Praipattarakul targeted to have a seven-figure user base by year’s end, and expand to over 6,000 merchants including Berjaya Corporation Bhd’s F&B brands like Starbucks, Wendy’s and Kenny Roger Roasters.

The launch was witnessed by Berjaya executive chairman Tan Sri Vincent Tan, who is also a majority shareholder of MOL Global, and MARA Corporation chairman Datuk Dr Yusof Yacob.

MOL is joint-venturing with Mara to deploy One2Pay as a payment system among its members.

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 1
Cxense type: free
User access status: 3
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Science & Technology , MOL , Berjaya , 7-eleven


Next In Tech News

SAP to stop developing new functions for Business ByDesign software -Handelsblatt
FTX founder Sam Bankman-Fried 'willing to testify' at panel hearing - tweet
StanChart told to probe suspicious credit card charges in Hong Kong
US woman, father found dead after her toddler answers phone call from worried co-worker
The hype around esports is fading as investors and sponsors dry up
Elon Musk Twitter leak raises concern about outside data access
‘Honest grandma’, 92, repays US$3mil in debt in 10 years after refusing to declare bankruptcy wins ‘most beautiful’ citizen award in China
French President Emmanuel Macron slams TikTok algorithm over censorship, ‘addiction’
Gaming firm Razer wins lawsuit against IT vendor over data leak, awarded S$8.7mil in damages
Man tries to sell stolen bike rack on Facebook – to its owner who showed up with cops

Others Also Read