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I dont really like the idea of mobile-wallet as phone can be lost easily and the max limit for Paylah is $999. Recently OCBC has launched PayAnyOne which has a wider exposure and it works something similar like paypal. I would prefer this as the max withdrawal is $100 & with the use FAST system, the other party needs not install similar app and they can choose to deposit the incoming funds to any of 14 banks locally as long as the person has the account with them.
ReplyPaylah and all those payment options via smartphone are easy and convenient. But with viruses now attacking Android and iOS, we should guard against that. My solution is simple, do not install/use such apps. I make payments via smartphone with AXA and the banks only if they require 2FA. Remember this latest case of compromised SingPass? We have to be careful!
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