MOLPay has partnered with 7-Eleven to allow customers to pay real cash for online shopping. The idea is that people will be able to fill a shopping cart and then head over to the nearest 7-Eleven outlet to pay for it. It’s not the most convenient solution, but it does solve some problems for some people.
The idea behind MOLPay Cash is that it allows people who don’t have credit or debits cards to shop online. It also caters to those who do have these cards, but would rather not deal with having to use them online. As far as security goes, it sounds like a much safer option.
Actually using the system is easy enough. All users have to do is select the MOLPay Cash as their preferred method at checkout. The vendor will then generate a transaction code and ID. This is turn must be taken to any 7-Eleven (the promotional video says Petronas stores work too) within 48 hours to be paid off. In the event that the customer takes too long, the transaction will be cancelled.
For now, we can confirm that MOLPay Cash is an option on Lazada, All Young, Stubapp, and Hermo.
This feels somewhat like a reverse version of selling codes to top up digital wallets; which MOL technically already does. As far as applications go, it definitely looks more convenient than keeping online accounts topped up with cash.