Ready or not, QR-based payment system could very be the next big thing in our market next year. So many companies have begun to announce their own take on the QR payment solution as of late including TaPay which was launched in Cyberjaya earlier this week.
In cooperation with Cyberview and Affin Bank, TaPay was developed by Fullrich Malaysia which is a fintech company that is the result of the joint venture between Barrington Group and Beijing Fullrich Information Technology. These two companies are also working together with Cyberview to establish a regional fintech hub which is one of 11 major projects that are aimed to help transform Cyberjaya into a smart city.
Just like many solutions out there, TaPay can be used for payments at merchants that support it and fund transfer between users. At the same time, TaPay also features loyalty card storage as well as support for cashbacks and coupons.
However, TaPay is still under trial at the moment and still in the process of obtaining approval from Bank Negara Malaysia. Despite that, certain businesses and retailers already starting support it according to its official website.
Among them are OldTown White Coffee and Padi House in Cyberjaya together with online fashion store Picksum and storage service provider Myrelo. The site has also listed several food trucks such as Pilot Café, The Kopiboy, Haengbok Kitchen, First Order and Dapoq Metal.