{"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":"https:\/\/www.bytebot.net\/blog\/archives\/2012\/10\/22\/mol-at-the-center-of-online-offline-payments","title":{"rendered":"MOL at the center of online &#038; offline payments"},"content":{"rendered":"<p>There&#8217;s a chance that Malaysian payments will get shook up. From an online perspective, you&#8217;ve got the former <a href=\"http:\/\/www.netbuilder.com.my\/Malaysia_Online_Payment\">nbepay<\/a> becoming <a href=\"http:\/\/molpay.com\/\">MOLPay<\/a>. From an offline perspective, you&#8217;ve got a <a href=\"http:\/\/www.digitalnewsasia.com\/digital-economy\/mol-and-soft-space-form-mobile-payment-JV-for-your-aunty\">joint venture<\/a> between softspace and MOL to form MOLCube (<a href=\"http:\/\/e27.sg\/2012\/10\/09\/molcube-mobile-payment-startup-gets-nod-from-malaysias-bank-negara\/\">e27<\/a> cover it too). The center of all of this is <a href=\"http:\/\/www.molglobal.net\/\">MOL<\/a>.<\/p>\n<p>For me, I&#8217;ve been waiting for a <a href=\"http:\/\/www.softspace.com.my\/\">softspace device<\/a> for quite a few months. I was <a href=\"https:\/\/www.bytebot.net\/blog\/archives\/2012\/04\/01\/square-like-payment-devices-in-asia\">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 &#8220;general population&#8221;.<\/p>\n<p>I have never met Ganesh Kumar Bangah, the man behind MOL, but being a young CEO, I figure he&#8217;s got the chops &amp; energy to pave the way. Besides, he&#8217;s backed by Berjaya tycoon Vincent Tan.<\/p>\n<p>Ugliness begone, let there be better online &amp; 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 <em>pasar malam<\/em>\u00a0vendor going online).<\/p>\n<p>A lot of this will involve lobbying Bank Negara Malaysia (BNM). I don&#8217;t believe any payment gateway <a href=\"https:\/\/www.bytebot.net\/blog\/archives\/2012\/10\/20\/the-state-of-e-commerce-payments-in-malaysia-still-terrible\">intentionally wants to provide terrible user experience<\/a>, I believe its usually to feed regulatory requirements.<\/p>\n<p>Looking forward to payments in 2013. It can only be better than today.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There&#8217;s a chance that Malaysian payments will get shook up. From an online perspective, you&#8217;ve got the former nbepay becoming MOLPay. From an offline perspective, you&#8217;ve got a joint venture between softspace and MOL to form MOLCube (e27 cover it too). The center of all of this is MOL. For me, I&#8217;ve been waiting for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[25,1405],"tags":[137,729,1445,1443,1444,1022,1375],"class_list":["post-2554","post","type-post","status-publish","format-standard","hentry","category-business","category-malaysia-thoughts","tag-malaysia","tag-mol","tag-molcube","tag-molpay","tag-nbepay","tag-payment-gateway","tag-softspace"],"jetpack_publicize_connections":[],"jetpack_shortlink":"https:\/\/wp.me\/p4vJD-Fc","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"amp_enabled":true,"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.bytebot.net\/blog\/wp-json\/wp\/v2\/posts\/2554","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.bytebot.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.bytebot.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.bytebot.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.bytebot.net\/blog\/wp-json\/wp\/v2\/comments?post=2554"}],"version-history":[{"count":2,"href":"https:\/\/www.bytebot.net\/blog\/wp-json\/wp\/v2\/posts\/2554\/revisions"}],"predecessor-version":[{"id":2556,"href":"https:\/\/www.bytebot.net\/blog\/wp-json\/wp\/v2\/posts\/2554\/revisions\/2556"}],"wp:attachment":[{"href":"https:\/\/www.bytebot.net\/blog\/wp-json\/wp\/v2\/media?parent=2554"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.bytebot.net\/blog\/wp-json\/wp\/v2\/categories?post=2554"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.bytebot.net\/blog\/wp-json\/wp\/v2\/tags?post=2554"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}