Mobile money is a pin based mobile solution designed to pay without having any cash, credit cards or without any physical presence at the store that you wish to buy stuffs from. We can now use our mobile phone to pay our bills with a 6 digit pin number password via sms. This method is safe to use and could cause less danger to consumers because there is no cash needed. Read more about mobile money through http://www.neowave.com.my/mobilemoney_overview.asp.It is important for us to know about this new mode of payment.
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There is another kind of mobile payment available in Malaysia which call SCAN mobile payment system (mps). What is SCAN mobile payment system? It enable people to send and receive money via mobile phones. There is no installation needed to start using the mps and it is a new experience of mode of payment. You can make a payment as easy as just sending an sms through phones.
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Is mps safe? It is absolutely secure with the standard of ISO/ICE 27001/2005 certification awarded by SIRIM QAS International Sdn Bhd. It is a very convinient payment system as there is no installation of any softwares required. Log on to http://www.scan-associates.net/product_mobilepay.htm to know more about the SCAN mps.
According to Bank Negara Malaysia, there is a tremendous potential for mobile telecommunication network to become a mode of payment. This is because 88% of our Malaysian citizen have subscribe for mobile phone service. Furthermore, it is more convinient compare to other mode of payment such as cash and credit cards and it would be safer if we can adopt a cash free society. The rate of crime and roberry would decline.
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