Mobile payment systems in Malaysia: Its potentials and consumers' adoption strategies.

Recently, there shown an increasing number of users who start using the mobile payment system in Malaysia. The well-known mobile payment system in Malaysia is Mobile Money (MM wallet), which provides the services via mobile phone. The MM wallet is use by the young person and even the old person. The users can registered at MM wallet in order to make payment via sms by using only a mobile phone coupled with a 6-digit security PIN. The users can make the payment like loan, telephone bills and others at anytime via mobile phone.

This system bring a lot of benefits to the users, the users can avoid crowded in the queue for the long time. The users can also in the convenient because they do not need to bring their credit card or cash along if their want to go ahead for some of the transaction. The users can secure their mmwallet account by create the strong password protection patent.

The most common usage of the mobile payment in Malaysia is use to pay the summons. However, the others may use the mobile payment system to pay their debts such as monthly credit card bills, electric bills, phone bills and others. The easy steps in register the account is the main reason for them using the MM wallet. The users just need to register their phone number and create their password for start using the MM wallet. http://www.mobile-money.com/

In the future, there will be more merchants adopt the mobile money system in order to convenient the consumers since the technology become more and more advances nowadays.

http://www.mmwallet.com/userfaq.htm

http://www.mmwallet.com/download/pocketGuide_eng.pdf