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Alongside the convenience, online purchases are usually comparatively more affordable and allow merchants to increase their number of customer acquisitions at a cheaper rate. This is one of the reasons businesses in Malaysia are promoting their online payment methods more and more, using discounts and reward programs.

Moreover, the arrival of mobile payment apps has really helped merchants grow their businesses at a faster rate, while also helping customers make more purchases with ease and security.

The best mobile payment apps in Malaysia are listed below.

1. Boost

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Boost is the best mobile payment apps in Malaysia

With the Boost app, Malaysia’s favorite mobile wallet app, you can pay for things like purchases, energy bills, cellular top-ups, and more instantly. Boost is a Malaysian digital wallet company with 7 million users that is available at 140,000 physical locations across the country. Moreover, customers can pay bills for companies like Astro, Syabas, and Telekom using Boost. It is also accepted by merchants who take UnionPay cards as well.

2. Touch ‘n Go

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Touch ‘n Go e-Wallet is a digital wallet that is based in Malaysia and has over 15 million users nationwide. Touch ‘n Go, which started out as a key card for toll payments, now provides online payment services through its e-Wallet. Touch n’ Go can be used 150,000 retailers across the country to make purchases. Additionally, it can be used to make toll payments on participating roadways all around the country.

3. Grabpay

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Grabpay

GrabPay Wallet is an award-winning mobile payment app that has numerous well-documented collaborations with prominent digital wallet firms. It also offers a fraud-prevention service that is available 24/7. GrabPay’s cybersecurity technology encrypts and safeguards all of your personal information and financial transactions. Allowing guests to travel, eat, buy, and do other activities without having to worry about anything.

4. Wechat Pay

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WeChat Pay is a leading mobile payment app operating across Asia that enables customers to make seamless mobile payments and conduct digital transactions. WeChat provides users with multiple payments options, including Quick Pay, QR Code payments, web-based purchases, and In-App Payments as well. Currently, it has more than 300 million users worldwide and is one Malaysia’s leading mobile payment apps.

5. MAE by Maybank2u

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MAE by Maybank2u

The official digital wallet of MayBank, MAE by Maybank2u can be used to make purchases and payments instantly. Furthermore, it has several useful tools that help users manage their finances, estimate their budget, and save. Interestingly, non-Maybank users can also use this app to facilitate online transactions. Customers will also receive a virtual debit card after completing the registration process and use this app to pay at more than 200,000 retailers.

6. BigPay

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BigPay is a free mobile payment app that provides users with a card which can be used anywhere across the world. Its aim is to provide the people of Southeast Asia with transparent, convenient, and affordable banking services. Currently, it is one of the best financial apps available for Malaysians in the app store. Moreover, you can use your phone to make local or international bank transfers, send or receive money, make payments and more.

7. Alipay

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Alipay is a Chinese mobile and digital payment app that is currently available throughout Malaysia as well. Its stunning features and efficiency has made it a widely used mobile payment app in Malaysia. Currently, AliPay is a global leader in terms of facilitating mobile payments, with over a billion active users. Moreover, you can use AliPay to scan and pay for items in shops or when buying online, just like other digital wallets in Malaysia.

8. PayPal

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PayPal is the fastest and securest way to make payments, transfer money or set up a business account. It is one of the leading money transfer and digital payments companies in the world, operating in more than 200 countries, including Malaysia. Using the PayPal app, you can transfer money to friends or family members without having any bank account information. Moreover, you can connect your PayPal app to other third-party apps to make purchases more easily. PayPal is also a great option to make cashless payments in many stores nationwide.

9. GoPayz

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GoPayz is a global e-wallet that makes digital banking, lifestyles, and Islamic services accessible to everyone. Using GoPayz’s stunning features, you can invest, pay insurance, trade, and remit funds, among other things. This easy-to-use app provides simplicity and flexibility to pay bills, shop online and collect reward points.

10. Zapp

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Zapp is the newest lifestyle digital wallet to arrive in Malaysia’s rapidly growing digital payment industry. It offers unique contactless payment options and texting capabilities. Alongside making cashless payments, you also top up this digital wallet using debit cards or credit cards. Additionally, Zapp provides an easy payment method in stores where you can just scan QR codes to make payments.

Most Malaysians nowadays prefer cashless digital payment options over cash-based payments. Digital payments not only provide simplicity, but it also saves time and is usually hassle-free. The apps mentioned above have made the lives of many Malaysians a lot easier, while also saving a lot of their precious time.

Author

I am Richard Bruns, currently living in Dover, Delaware and working on payment related projects. I have completed my Bachelor's in Economics and willing to contribute in fintech industry.

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