What ismerchant wallet

A Merchant Wallet is a digital wallet that stores electronic funds and commission earned by merchants. It is maintained by a bank or other financial institution licensed under Malaysia’s Banking and Financial Institutions Xxx 0000 or through an MM System. The system is designed to make transactions easy and quick by transferring money into the merchant’s wallet via QR scanning from the customer’s smartphone.

Benefits of Merchant Wallet

  • Convenient: Merchants can transfer funds quickly and efficiently at their convenience through a digital wallet.
  • Efficient: No more waiting for long queues at banks to deposit money.
  • Real-time transactions: Instant bank transfers can be made to the merchant’s wallet eliminating the need to wait for funds to clear.
  • Cost-effective: The use of digital wallets saves on bank transaction fees.
  • Secure: Merchant Wallets provide end-to-end encryption to ensure secure transactions.

Frequently Asked Questions

What is the MM System?

The MM System is a financial system used to transfer funds electronically and is licensed under Malaysia’s Banking and Financial Institutions Xxx 0000.

What happens if the customer’s smartphone fails to scan the QR code?

The merchant can generate a payment link that can be sent to the customer for payment or, alternatively, enter the customer’s account details then transfer the money directly into the merchant’s bank account.


The Merchant Wallet is a digital solution that simplifies financial transactions for merchants. It is easy to use, cost-effective, real-time, and secure. Merchants can use it to improve their business operations and customer relations by providing quick and efficient transactions.

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