MOL to expand One2pay this year

Kuala Lumpur: Online goods and services e-payment enabler, MOL AccessPortal Sdn Bhd (MOL), aims to expand its mobile wallet application One2pay, to 6,000 acceptance touchpoints within a year.Regulated by Bank Negara Malaysia, the One2pay app uses barcode/QR code payment and enables Malaysians to pay at retail stores, shop online, pay bills and send money to one another.

MOL Global Inc. Group Chief Executive Officer, Preecha Praipattarakul said as a starting point, users can use the mobile wallet app to pay at any 7-Eleven store in the Klang Valley area.

"7-Eleven Malaysia is the first-ever retailer to accept the One2pay app and this is an important milestone for us to support Malaysia's aspiration to become a cashless society.

"By Jan 17, all 2,218 7-Eleven stores across Malaysia will accept One2pay," he told reporters after the One2pay app launch and memorandum of understanding (MOU) signing ceremony between MOL and MARA Corporation Sdn Bhd (MARA Corporation), here on Wednesday.

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MOL is currently in talks with other retail companies, including those involved in food and beverage services, as well as the hospitality sector in Malaysia to broaden its Open2pay app usage.

"In the coming months, Starbucks, Wendy's, Rasa Utara, Cosway and Kenny Rogers Roasters in Malaysia will begin accepting the mobile wallet payment," Praipattarakul said, adding, MOL plans to expand the One2pay app payment into Thailand in the fourth quarter of 2018.

Meanwhile, MARA Corporation Chairman, Datuk Dr Yusof Yacob said the collaboration would enable more users and merchants to deploy the One2pay app, especially among MARA staff, entrepreneurs and students.

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"To date we have more than 60,000 entrepreneurs, 22,000 staff and 230,00 students and will encourage them to apply the mobile wallet payment.

"The mobile phone is an indispensable tool now and making payments using it is poised to become a daily habit among millions of Malaysians. I believe today's launch is very timely," he said. –Bernama

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