The International Finance Awards names Valyou Mobile Wallet as the Fastest Growing Mobile Wallet App—Malaysia 2018. The award was received by Paul Fernandez, Head of Legal and Kevin Tan, Head of Sales who represented Valyou at Grand Hyatt Erawan, Bangkok on 25th January 2019.
Organised by the prestigious London-based International Finance Magazine, the award recognises industry talent, leadership skills, industry net worth and capability on an international platform. The Technology Awards honoured contributions and work in the field of technology, that have incrementally enhanced the quality of financial services. Winners were selected based on the strength of their application and past accomplishments.
“As a pioneer in the remittance and e-money space, we are excited to be recognised for our commitment to delivering convenience to customers through digital technology. Valyou has stayed true to its vision of Enhancing Lives, setting the standard for innovative digital remittance service in Malaysia “said Prasanna Rao, CEO of Valyou.
“We are making an impact by being relevant and our customers are in the heart of everything we do. The award is a testament of Valyou’s aim to revolutionise and digitise financial services as well as promote financial inclusion in Malaysia and in the region through digital technology, for the underbanked communities. Our innovation came in line with Bank Negara Malaysia’s drive toward digitalisation, positioning Malaysia at the forefront of promoting digital technology.” Mr. Rao added.
Valyou Mobile Wallet app enables migrant workers in Malaysia to send money to a bank account, via cash pickup agents or to supported e-wallets overseas directly from their smartphones. These customers can also purchase domestic and international prepaid top-ups and make bill payments using the e-wallet app.
First launched in November 2016, the e-wallet is supported by a network of over 2,000 merchants across Malaysia where users can cash in their account. These cash-in merchants also educate and assist customers to transfer money overseas securely and safely through formal remittance channels. Customers are also able to electronically perform cash in into the Valyou mobile wallet via their Bank Automated Teller Machines (ATM) or Online Banking and perform the remittance services themselves.
To further strengthen our offering, Valyou has also launched an online service providing customers with access to digital remittances via our Valyou Online portal. The online service connects customers to our extensive list of international partners. The service seamlessly and securely integrated with customer’s internet banking account through FPX.
At Valyou we believe in revolutionising financial services through digital technology and we design our products and services with a focus on convenience, reliability and affordability.
Valyou is licensed and regulated as a money services business (MSB) and authorised to issue e-money by Bank Negara Malaysia. The Kuala Lumpur-based financial technology firm is a subsidiary of Telenor Group.