MYCASH ONLINE (MC ONLINE
e-Marketplace for the Unbanked Migrants
MyCash Online is an e-Marketplace specially designed for massive pools of Migrants in Malaysia & Singapore. MyCash Online is offering easy, secure and convenient online services to the foreign workers, who do not have access to online banking or credit cards. With years of experience of working for migrants, we take pride in providing quality & convenient online services 24X7.
Currently, there is around 4.3 Million migrant workers in Malaysia (both legal & illegal) and most of them do not have any bank account or any way to save money. They need to receive cash salary and also save cash (if they want). This is very vulnerable for them, and there is numerous reports of money theft, hijack in this very community.
We are solving this issue by providing a web & app (online solution) and our agent network (offline solution), where they can purchase various services, without using any bank account or credit / debit card. In our platform, currently they can purchase mobile reload, pay bill, gift voucher, bus ticket, air ticket, digital gift, micro health insurance and also can do cross border remittance . We have started our operation last year April. Until today, we have served 60,000 unbanked customers and did more than 250,000 transactions worth 3.6 Million Malaysia Ringgit.
MYCASH ONLINE (MC ONLINE SDN. BHD.) TEAM MEMBERS
Looi Yin LinCEO
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