MyPay Gets Its Own E-Wallet To Expand Its E-Payment Services

Alex Cheong Pui Yin

6th July 2020 - 3 min read

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MyPay, a digital service platform by Dapat Vista (M) Sdn Bhd, has launched its own e-wallet in collaboration with Bank Islam and Fass Payment Solutions. It also aims to expand the use of MyPay for loan repayments and investments by the National Higher Education Fund Corporation (PTPTN).

To clarify, MyPay is a one-stop digital platform that brings together the services of more than 300 government agencies. According to Dapat Vista, which is better known for its government-linked SMS services, MyPay makes it easier for the Malaysian public to search for information, check their statuses, and pay for government services. By including a new e-wallet function, it will further increase the convenience of MyPay’s usage, and also aligns with the government’s vision to enable the rural and suburban communities to become more digital.

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“The e-wallet integration into the MyPay app effectively powers innovation among what is known as the B40 class. With the recent approval from Bank Negara Malaysia to allow our e-wallet to transact with a significantly higher limit, MyPay users can have access to financial facilities which they otherwise would not have been able to, thereby promoting financial inclusion,” explained the chief executive officer of Fass Payment Solutions, Chris Leong.

The chief executive officer of Bank Islam, Mohd Muazzam Mohamed shared a similar sentiment. “Through MyPay, Bank Islam will be able to leverage on Dapat Vista’s expertise in the digital space and transform our business by enabling us to reach a wider range of network, including the unbanked and underserved,” he said. MyPay is not the first collaboration between Bank Islam and Dapat Vista; prior to this, they have already worked together to launch eJamin, a digital bail posting solution for the courts.

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Meanwhile, PTPTN’s partnership with Dapat Vista has seen the government institution recently utilising the app’s mobile payment system for its education loan repayments and Skim Simpanan Pendidikan Nasional (SSPN) savings. Before this, PTPTN collaborated with Dapat Vista for government’s mySMS 15888 SMS initiative to provide SMS checks for student loan balances. As Dapat Vista evolved from messaging solutions to mobile payments via MyPay, PTPTN also made the transition together with them.

“We are pleased to partner with Dapat Vista in this venture to encourage consistent payment and deposits among PTPTN borrowers and SSPN depositors. MyPay is an efficient e-payment service that gives convenience to our customers,” said the chief executive officer of PTPTN, Ahmad Dasuki Abdul Majid.

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Note, though, that the e-payment service for PTPTN via MyPay isn’t actually new; it has already been available since the app’s initial launch back in August 2019. This is in addition to other transactions and processes that can be performed, such as paying for your traffic and council summonses as well as taxes.

YB Dato’ Sri Mustapa Mohamed, a minister from the Prime Minister’s Department (Economy) who was present at the launch of MyPay’s updated e-payment services, further added that he hoped such public-private partnerships can help push the government’s digital transformation agenda further. This is especially so for the rural and suburban (B40) communities so that they don’t get left behind.

You can head on over to MyPay’s website to find out more about the app. MyPay is available for download on Google Play and the App Store.

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Alex Cheong Pui Yin

Previously covered recruitment-related stories and had a short stint as a copywriter for the property industry. She subsequently developed an interest in investment and robo-advisors.

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