{"id":2554,"date":"2012-10-22T01:15:18","date_gmt":"2012-10-22T06:15:18","guid":{"rendered":"http:\/\/www.bytebot.net\/blog\/?p=2554"},"modified":"2012-10-22T01:15:25","modified_gmt":"2012-10-22T06:15:25","slug":"mol-at-the-center-of-online-offline-payments","status":"publish","type":"post","link":"http:\/\/www.bytebot.net\/blog\/archives\/2012\/10\/22\/mol-at-the-center-of-online-offline-payments","title":{"rendered":"MOL at the center of online & offline payments"},"content":{"rendered":"

There’s a chance that Malaysian payments will get shook up. From an online perspective, you’ve got the former nbepay<\/a> becoming MOLPay<\/a>. From an offline perspective, you’ve got a joint venture<\/a> between softspace and MOL to form MOLCube (e27<\/a> cover it too). The center of all of this is MOL<\/a>.<\/p>\n

For me, I’ve been waiting for a softspace device<\/a> for quite a few months. I was excited<\/a> since April 2012. I was told a device would be coming my way from 18 June 2012, and never heard back; the presumption is that people are using this device according to their website. But it is not available for the “general population”.<\/p>\n

I have never met Ganesh Kumar Bangah, the man behind MOL, but being a young CEO, I figure he’s got the chops & energy to pave the way. Besides, he’s backed by Berjaya tycoon Vincent Tan.<\/p>\n

Ugliness begone, let there be better online & offline payments and this will pave the way for e-commerce as well as physical versions of e-commerce (pop-up stores, bazaars, heck, imagine your pasar malam<\/em>\u00a0vendor going online).<\/p>\n

A lot of this will involve lobbying Bank Negara Malaysia (BNM). I don’t believe any payment gateway intentionally wants to provide terrible user experience<\/a>, I believe its usually to feed regulatory requirements.<\/p>\n

Looking forward to payments in 2013. It can only be better than today.<\/p>\n

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