A new e-wallet is launched with a Malaysian Visa prepaid card – Wired PR Lifestyle Story

As far as we know, Malaysia has a large number of e-wallet players, some only for life, travel, or specific situations (such as refueling or use in a particular situation).

While not everyone has had a massive reception in Malaysia, it can be said that Boost, GrabPay and Touch ‘n Go eWallet are the leaders in terms of user base size.

But this tough competition doesn’t stop players from getting into the fight, and now Virtualflex, Fasspay, and Visa have joined forces to launch KA $ Hplus, a new e-wallet.

Meet KA $ Hplus

Virtualflex is a wholly owned subsidiary of Johor Corporation (JCorp), a subsidiary of Fasspay SoftPOS player Soft Space. Meanwhile, Visa is known as the leading global payment technology company.

The KA $ Hplus e-wallet comes with a virtual and physical Visa prepaid card, similar to Kiplepay It did so in August 2021 and is what Touch e n Go eWallet wants to do for 2022.

This prepaid card basically works as an extension of the app and can be used for mobile commerce, in-store shopping, paying bills, and charging.

In terms of in-store purchases, this partnership with Visa allows KA $ Hplus users to make payments at more than 70 million merchant locations worldwide.

Like most other e-wallets, KA $ Hplus allows for the transfer of P2P funds between users, offers promotions and refunds, and more. Users can do that too book travel tickets or ride through the app.

At the moment, the app does not seem to have any special features among other Malaysian e-wallets, but it does have its basic users and low turnover rate, Virtualflex CTO and COO Heng Wa Seng. shared.

In partnership with Visa, KA $ Hplus will be a more viable option for users because of the global trading network built by the payment technology company.

According to the group, the application offerings also meet the regulatory requirements set by Bank Negara Malaysia as an electronic money provider.

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Consumers may find the number of e-wallets available in Malaysia to be overwhelming and choose to use a well-known brand, but having more options is not a bad thing.

To capture the larger market, KA $ Hplus needs to build its reputation as an e-wallet by offering more exclusive and unique offerings, as well as ensuring that its system works well for users.

If content users are happy, they will be more likely to contact Malaysia’s leading e-wallet providers.

• Read more about what we wrote about Malaysian e-wallets here.

Featured Image Credit: Virtualflex / Fasspay / Visa