- Has combined user base of 15 million across both markets
- Enhance customers’ experience, another way to transact online
Malaysia becomes the second country in Southeast Asia for the introduction of Apply Pay after Singapore with Maybank, AmBank and Standard Chartered Bank making annnouncements of the service going live today. While users of Visa and Mastercard issued credit cards by the three banks can start using the service, Maybank also supports debit and prepaid cards. Apply Pay on the American Express cards will happen later in the year.
Maybank announced that its Maybank and Maybank Islamic Mastercard® and Visa Credit, Debit and Prepaid Cards can now be used with Apple Pay service in Malaysia and Singapore effective 9 August while the Maybank American Express® Cards will soon be included. Maybank card members will benefit from access to this safe, contactless and easy way to pay, as part of the bank’s continued efforts to expand its retail digital offerings in tandem with customers’ evolving lifestyle trends.
Maybank Group Chief Executive Officer, Community Financial Services, John Chong Eng Chuan said this showcases the bank’s continued commitment to provide seamless digital payment methods for its customers.
“With our growing presence in this business segment, supported by the combined card user base of 15 million across both markets, Maybank is well placed to leverage the ease, safety and privacy of Apple Pay that would benefit our customers in both countries.”
“As one of the leading financial institutions in the region, we are pleased to bring Apple Pay to our customers in Malaysia and Singapore. This digital payment platform will enhance our customers’ experience, while providing another avenue for them to transact online with increased mobility and in a secured manner,” added John.
Sulaiman Mohd Tahir, Group Chief Executive Officer, AmBank Group said, “The adoption of digital payments has accelerated over the past few years, benefiting both merchants and consumers. Most Malaysians are likely to have their mobile phones ready at hand, and in view of that, we are enhancing our mobile banking services by providing more convenient ways to make payments. We are thrilled to expand the possibilities with Apple Pay to bring easy, secure and private payments to our customers.”
Apple Pay is a safe, secure and private way to pay, as customers avoid handing their payment card to someone else, touching physical buttons and exchanging cash physically. To use this service, customers hold their iPhone or Apple Watch near a payment terminal to make a contactless payment.
Additionally, every Apple Pay purchase is secure because it is authenticated with Face ID, Touch ID, or device passcode, as well as a one-time unique dynamic security code.
As it uses NFC technology Apple Pay can be used across retailers that accept contactless card payments such as Visa Paywave or Mastercard PayPass. Chains that accept these contactless payment options include KFC, McDonald’s, Mydin and Starbucks.
Customers can also use Apple Pay on iPhone, iPad or Mac devices through the app or Safari web browser, without having to create accounts or repeatedly filling up shipping and billing information.