View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
December 1, 2005

Maybank launches contactless credit card

Malaysian bank Maybank has launched its Visa Wave, a credit card that allows card holders to perform contactless payment for their purchases by simply waving their card at the point of payment.

By CBR Staff Writer

The card is designed for purchases that total less than RM110, and is expected to find application at gas stations, convenience stores and fast food chains. For any amount exceeding RM110, customers can still use their wave cards to pay by inserting the chip-based credit card into the reader.

The bank said the card is usable at over 2000 outlets, with a further 2000 been added in the next 10 to 12 months.

Ashraf Ali Abdul Kadir, head of cards business, said This contactless payment mode offers greater convenience because customers need to only wave their credit card at the reader without the card leaving their hand or being required to sign. It will also reduce queues at counters as payment is done quicker.

Content from our partners
Powering AI’s potential: turning promise into reality
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.
THANK YOU