KUALA LUMPUR (Sept 7): PUC Bhd, formerly known as PUC Founder (MSC) Bhd. said that it has received the approval from Bank Negara Malaysia (BNM) to issue electronic money (e-money) through its mobile application.
In a filing today, PUC said the approval, granted to its wholly-owned unit EPP Solution Sdn Bhd, entails the subsidiary to launch its e-money scheme within one year from the date of BNM’s approval letter dated Sept 6, 2017.
“E-money is a payment instrument that contains monetary value that is paid in advance by the user to the e-money issuer.
“The user of e-money can make payments for purchases of goods and services to merchants who accept the e-money as payment,” said PUC.
There are two types of e-money schemes, said PUC, namely small and large schemes, which are determined by the purse size and the outstanding e-money liabilities. “The approval from BNM to EPP is for the large scheme,” it added.
Kihkihkih.... diehardunited, your moment to hit back those 'sweetmouths' kaw kaw... However hope it won't be a one night stand like the last one and no UMA to disturb..
Hopefully I m not the "badmouth" guy ... today is my 1st day here, I have never say any bad thing about PUC ... let us all make money together ... cheers ...
diehardunited, salute you for your patient and not hitting back sarcastically but still using your good humanise nature way to explain your belief in this counter. May you make your money and those who share with you...
Just to warned the newbies here.....it said approval only so mean it not yet started so no contribute yet in near future.... trade with cautious...cheers!
The Smart PUC management can use the release of 40+ million loan from solar to develop a e payment process to match Alipay or better for MY market. Giant in the Making!
I understand ahhuat....i believe also if they manage it well it will have a bright future like Alipay, just want to advise newbies not to chase high n get burn only....i never say this is bad counter....cheers!
e-wallet still not popular in Malaysia yet. And hardly to compete with those big player. Anyway.. think short term can goreng first.. middle/long term still doubt it
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palermo
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Posted by palermo > 2017-09-07 08:04 | Report Abuse
You are not alone....