MyMy is a digital wallet designed specifically for Malaysians, utilizing advanced biometric technology to streamline account creation through secure passport chip scanning. It addresses the financial inclusion gap by providing easy access to digital payment services for the underbanked and underserved populations in Malaysia.
Funding
$3.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many Malaysians, particularly those who are underbanked or live in rural areas, face challenges in accessing convenient and secure digital payment solutions. Traditional banking processes can be cumbersome, requiring extensive paperwork and physical visits, which creates barriers to financial inclusion.
Solution
MyMy is an e-wallet designed to streamline digital payments and enhance financial inclusion for all Malaysians. By leveraging biometric technology, MyMy simplifies account creation through secure passport chip scanning and MyKad verification, reducing the need for lengthy branch visits. The e-wallet provides users with a one-of-a-kind card control screen, offering greater control over their finances with just a few clicks. MyMy aims to reimagine financial services by combining modern technology with traditional values, providing a user-friendly platform that caters to the diverse financial needs of the modern Malaysian.
Target Audience
MyMy targets all Malaysians, with a particular focus on the underbanked and underserved populations, offering them easy access to digital payment services.
Features
- Streamlined account creation using passport chip scanning and MyKad verification for enhanced security
- Card control screen for managing financial services with ease
- Multi-currency account and card, supporting 11 different currencies with real-time exchange rates and zero hidden fees
- E-wallet services for convenient digital payments
- Shariah-compliant products and services