E-Money
What is e-money?
E-money is an instrument that contains monetary value that has been paid in advance by the user to the e-money issuer. Thereafter, the user will be able to use the e-money to purchase goods and services from merchants who accept the stored value in the e-money as payment. When users pay using e-money, the amount will be automatically deducted from their e-money balance.
The money transfer is done thronght the Mobile phone. You need to send a SMS to the Handphone company. The electonic payment gateway is instant. This e-wallet had been approved by Bank Negara Malaysia.
Click here to visit Bank Negara Malaysia
http://www.bnm.gov.my/index.php?ch=17&pg=671&ac=581
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