MAE e-wallet with banking convenience & instant Visa virtual debit card Qorus Banking Innovation Awards 2019
MalaysiaCategory
Offering InnovationKeyword
Operational excellence & efficiency
Innovation presentation
MAE is a first-of-its-kind e-wallet from Maybank which allows new or existing users to open an account via their smartphones within 5 minutes and transact instantly, that is also bundled with an instant Visa virtual debit card, without needing to visit a branch, providing them ease of access, saving time and bypassing lengthy documentation submission processes. MAE’s instant Visa virtual debit card allows users to pay for their shopping on e-commerce apps & websites the very instant the account is opened. Furthermore, users can also add their Visa virtual debit card to Maybank Pay or Samsung Pay to pay for their retail purchases at PayWave-supporting contactless terminals or use the QRPay function to pay cashlessly at over 300,000 merchants throughout Malaysia. Launched on 5 March 2019, MAE aims to enhance the functions of an e-wallet by providing access to wider banking services – ultimately creating a seamless and rewarding experience for the users. MAE’s e-wallet with banking convenience means that all of our digital banking features such as instant transfers, bill payments, prepaid reloads, etc. are available and can be carried out just like a regular banking account. Customers can also transfer funds from another bank account to MAE via inter-bank funds transfer.
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