I have received more than 3 call from Mobile Money over the last few weeks from difference Sales Executive from that company to market their company products to my company.
Mobile Money is a company that demerge from Redtone, a company listed on Mesdeq Malaysia. It claim it is a competitor to VISA and Master Card, joint venture with bank to create a platform that pay via mobile phone rather than credit card. As they claim everybody has a mobile phone. They have more advantages over Credit Card.
The company claim Hong Leong Bank has agreed to act as their bank and they are currently recruiting Merchant aggressively and try to sign up my company as one of their merchant. They will start to recruit member via Hong Leong Bank once they have recruit sufficient critical mass of merchant accounts. They claim they are in negotiation with BumiputraCommerce Bank and some other bank like Maybank as well.
I ask any of their product has been launch successfully in other country. They said non. That means Malaysia is the first country in the world to launch this kind of product if they successfully launch this product. They also claim their product has obtain approval from Bank Negara Malaysia.
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Tag Computers and internet
4 comments:
This seems new. I think is a great way to make payment as Visa, Mastercard & Amex are monopolising the market.
But security view, Mobile Money better be prepared as Malaysian are pretty smart in altering this stuff and all other credit cards have spend countless years and investment to counter fraud.
First of all, are we (the non-bumis, that is) really to believe that the government will abolish or tone down the New Economic Policy in the near future? We must be realistic, if you have the right to buy a property at a discount and have scholarships for your children, would you let go of these rights?
With Chinese population dwindling in Malaysia, what needs to be done depends on the Chinese themselves.
There is nothing wrong with the brain drain. In fact, we should encourage our children to move to Singapore, Taiwan, China etc. if we disagree with Malaysian government policies that are based on race and religion.
When it comes to the matter of the dwindling number of Chinese Malaysians, we should talk about quality, not quantity.
We should resolve why the Chinese-Malaysian population is reducing. Official figures have more than one million Chinese Malaysians emigrating over the past 25 years. Why did they emigrate? I am sure the government knows.
Straight A students can't get scholarships or university places. Nothing new, it is been that way for the past 35 years. Nowadays, even enlightened malay Malaysians are speaking up on this injustice. The MCA and Gerakan? Busy making money from private colleges.
What is so great about having TAR College or Utar which took more than 35 years of begging? Why should it be so difficult to set up an independent university when we have scores of public ones?
While we push young talented people away, other countries notably Singapore, the US and Australia welcome them with open arms.
Is it logical that we drive away our young talented ones and then invite retired Mat Sallehs to live here and exploit our low-cost of living?
Singapore's success in particular owes much to these ex-Malaysians or their descendants including Hon Sui Sen, Goh Keng Swee, Goh Chok Tong, just to name a few.
About 30 percent of top management in both Singapore's government and corporate sector are ex-Malaysians. We export them so that Singapore can compete with, and then whack us.
Korea and Taiwan, both way behind us in the 70s and 80s are now way ahead. Thailand is breathing down our necks.
Sadly, there is just no integrity in the nation's leadership.
It is over in San Francisco and I love respond to the question. Emigration is very common. Our family had been emigrated to USA (me), my elder brother (UK), my younger brother (Taiwan) and youngest brother (Canada).
All of them are doing very well. I am almost light year ahead of my Malaysian counterpart who did not move. Believe me, I do not have much grudge against the government.
As far as I am concerned, it is a matter of survival for our family. I just cannot wait for the 'system' to be totally fair. Because there is no such things. Even in many countries where there is only one race, there will be other self made problems such as left and right, and so on.
My vision from the point of Malaysian Chinese to be educated (real), not getting just a 'silly' diploma, diversify all portfolio internationally. You must understand that there are many Americans who are doing well, they always have some portfolio oversea, it does not mean that they are being disloyal.
The world is getting so small. I really do not see getting a job in Hong Kong or Taiwan or the US is such a big deal anymore. I am happy that we left, I do not think we could achieve in Malaysia 'even' if the system is totally fair. It is because we are lacking of vision for ourselves. We are always responding retroactively and try to catch up.
For example, Malaysia want to start the biotech, but I am worry that the educational level 'even' from the top university (UM, USM) is not good enough. I did research some of the top professors of said colleges. Sorry, I am not too impressed. We have to really catch up.
My wife is another brain drain. She just got a research grant from NIH by being the top 1% of all US scientists. Her boss always said: You must be the top 5% or above. Her group has a total of US$147000000 research grant (147 millions). We have no clue what we can contribute to Malaysia's science if we return. We will be dealing with silly racial politics and intransigent bureaucrats.
Same thing happened to my brother in Taiwan, he is one of the top civil engineer in Taiwan and very successful one. It will be a torture for him to return home. What do you guys think?
My greatest concern is that if Malaysians are not serious about progress, I am a little pessimistic about the future. We will be seeing too tidal wave from China and India, and not to mention Japan, Korea or Taiwan.
We are so spoon fed by government, we can't think anymore. You see, I have little respect for governments (Malaysia, Taiwan or USA) because they are run by a lot of incompetent peoples especially in science.
For example, all the chancellors in the university in Malaysia are from royal family. I am skeptical of their scientific achievement except they are great in giving themselves all the meaningless titles.
You see, my wife's chancellor was the 1987 Nobel laureate in Medicine. He discovered the 'Oncogene'. They are the people who started companies like Genentech (www.gene.com) or Chiron (www.chiron.com), just to name a few.
Final suggestion: Education, I mean real. I accept only doctorate level. My wife has two, PhD and MD as well. Compete internationally.
Sorry for the bragging.
gr
Well it just appeared on the google page when I searched for racism subject this afternoon.
I have been in New Zealand for 15 years and I have no intention to go back to Malaysia simply because there is an equal opportunity here for everyone, and I don't feel less ranked in the society.
I am not sure if I am part of the cream but I do have both bachelor and master degrees, and I am currently serving the New Zealand community.
I love the place I was brought up in (Sungai Petani) and the memory I had when I was attending primary and secondary schools, but the way the Chinese and Indian people are treated by the Malaysia government is just flawed.
I have no intention to go back, until I see a non-malay PM.
Way to go!
Let's celebrate the human spirit that strives against the odds!
Persistence definitely bears fruits! And certainly they are sustainable and cherish-able!
Universal truths!
One got to be prepared to look for challenges, in any areas of your interest, beyond the shores of Malaysia.
Malaysia's economy is very small and unsophisticated.
Australia's economy is bigger than all of the South East Asia countries combined. Imagine USA and Europe!
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