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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