- MyMy to efficiently enter Beta Testing Part come January 2022
- MyMy unveils new product choices that centre on voices of Malaysians demanding greater safety and fraud discount capabilities
- MyMy set on being on the forefront of FinTech innovation
MyMy, Malaysia’s rising FinTech and homegrown e-wallet supplier, at present launched its wave of modern card and app options because it gears up for focused Beta Testing this January, 2022.
Backed by calls for from in-depth market research, MyMy’s frontline choices embrace a numberless pay as you go card that enhances the safety of bodily fee transactions. As for on-line transactions, MyMy introduces a seamless biometric function to authenticate transactions – a component of safety that replaces dangers related to different cumbersome authentication strategies.
“We hear what Malaysians need and we take the rise of digital fee fraud and on-line scams very critically. That’s why we’ve recognized the need to implement biometric options as a part of our safety measures, and really quickly, facial recognition capabilities as nicely. Our numberless card additionally gives enhanced safety to cut back fraudsters from committing unauthorised purchases,” stated Joe McGuire, MyMy Co-Founder.
With the world slowly opening up for journey from 2022 onwards, he added that MyMy’s numberless pay as you go card isn’t solely a less expensive different to debit and bank cards, however can also be globally accepted at over 80 million retailers and ATMs worldwide – in contrast to QR codes which have restricted use and are solely accepted in Malaysia. MyMy customers can additional get pleasure from peace of thoughts with extra fast management talents on its app corresponding to lock card, pin reset, on and off management for abroad, on-line and contactless transactions, even allowance and restrict setting for ATM withdrawals.
Because the model continues to echo Financial institution Negara Malaysia’s (BNM) imaginative and prescient for extra environment friendly and safe monetary programs, MyMy proceeds to innovate with expertise and is predicted to announce extra breakthroughs within the subsequent few months. In September 2020, MyMy secured a RM10 million capital injection from Koperasi Tentera (KT), and earlier this April, acquired conditional approval for an e-money license from BNM. Most just lately in October, MyMy additional emerged as one of many first Malaysian startups to welcome a principal membership from Mastercard.
“The staff is presently working diligently on perfecting MyMy’s app and product choices,” says Kishore Samuel, MyMy Co-Founder and CEO. “We’re additionally nicely in progress to kick-off the brand new yr with our Beta Testing part which can contain our very supportive and enthusiastic pre-registered customers. We’re organised for progress, and there may be going to be a lot innovation and alternative from MyMy shifting ahead,” Kishore concluded.
For extra particulars, go to www.my-my.com, and comply with MyMy’s social media platforms on Instagram, Fb, LinkedIn and Twitter.