Things are getting more interesting in Malaysia.
And the conventional banking system is one of them that is being challenged.
A lot of them would have said that, "oh! This is an evil system! (of AI)" but then I believe that AI is still at its infancy stage where it is not THAT scary just yet, but we can still make use of it as our tool, with wisdom and care.
With the inconveniences of conventional banking in Malaysia raises higher (such as lack of physical banks and low interest rates), it is time to look into various ways to be able to make full use when the system is still a friendly helpful tool.
Moreover the promotional of this wallet is the best in the e-wallet Malaysia financial industry at the moment, and when you need to stretch your wallet, you'd try anything with limited amount.
Of course, there's a catch, there is always a minimal amount that you need to set aside there in order to see the daily interest as little as 1 sen (cent) MYR, which is between MYR 50 to MYR 100, but to activate the e-wallet account and straight away to have that special savings privilage, it was recommended to add MYR 100.
I mention "stuck" and not "gone" because this e-wallet is insured up till MYR 250,000. The standard limit for all banks operating in Malaysia.
Another attractive part is this 1.2% cash back with the "PayLater" service. I have not tried this yet but I think it should work pretty good if it allows cash back at the same time allows 0% interest if settled the next month.
However, I didn't see any clause of how much % is charge just yet. Maybe I haven't finished combing through the Terms and usage
The most interesting function I want to test is actually this one. Because as AI prompting (like ChatGPT) is more used, I want to see how powerful the AI language model can detect.
It also has an image language model engine running in this mobile app, and that's what I want to try see, to reduce error typing for bills and invoices should it had the standard merchant payment feature - JOMPay
According to the guide, it looks pretty simple and straight forward, so I actually decided to test to pay a utility bill of a minimal amount and see if there really is a MYR 1 cash back (during this promotional period)
So first, to make things clearer for the bot, I actually screen captured the bill payment code that the Bot needs for the JOMPay feature.
And if you want to add an additional reference (like what it is paid for) for me it is the mobile phone bill, I just add on.
The next thing is that it asked to state the amount to pay.
And true enough, there's a MYR1 being rewarded as cash back.
And it goes straight into the 4% APY "pocket" and let it grow.
So far, not too bad for a new launch. Its parent company also is one of the first 4G telco launch and now though the rest of the telco giants are trying to overtake it with connection technology, the parent company had a different direction and invest on data mining and data centers.
(The next day...)
Yes! The interest is here already! I have 2 cents because there's another savings pocket that is almost RM100 and the bonus 1% interest managed to add into the default pocket
