UOB Mighty offers contactless payments in Malaysia

UOB Malaysia has launched UOB Mighty, a mobile banking app that enables customers to turn their smartphones into electronic wallets and to enjoy great dining deals in Malaysia and across the region. UOB Mighty is the first mobile banking app in Malaysia to incorporate banking, dining and payment features in a single app.

The app offers customers a suite of dining-related services including a directory of more than 2,000 restaurants in Malaysia, Singapore and Thailand. Through the app, customers can search for restaurants, make a booking, submit a review and make cashless electronic transactions when they dine out.

According to UOB Malaysia’s data, the bank’s customers are spending more on dining out and increasingly using contactless ‘wave and pay’ methods to settle their dining bills. In the last 12 months, UOB Malaysia’s cardholders spent 20 times more at restaurants as compared with the year before.  Over the same period, these diners made 10 times more contactless payment transactions than they did the previous year.

Ronnie Lim, Managing Director and Country Head of Personal Financial Services, UOB (Malaysia), said that Malaysian consumers like to dine out and are drawn to the ease and convenience of contactless payment options when paying for their dining bills.

“UOB Mighty not only enables our customers to make restaurant bookings and to view the latest dining offers at their convenience, but also to make payments safely and securely offering the same protection as chip and PIN payments, ” he said.

Usage of UOB Mighty requires a Near Field Communication (NFC)-enabled smartphone and a UOB credit or debit card. The transaction is protected by a security token that encrypts the card payment data on the mobile device.

Customers simply have to launch the UOB Mighty app, select the ‘Pay’ function, enter a PIN and tap to pay at NFC-enabled point-of-sale terminals in Malaysia and overseas. The UOB Mighty mobile app also enables customers to perform daily banking transactions, including checking available balances, paying bills and transferring funds on the go.

UOB Mighty is available for download from Google Play and the Apple App Store. UOB Malaysia credit and debit cardholders who transact with UOB Mighty are also eligible to participate in the RM1 million cashback programme which runs until 4 February 2018. The full functionalities of bank, pay and dine are available to Android users with Android 5.0 and above. iPhone users require iOS 8 and above for banking and dining functionalities.

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