Nov 8, 2009 2
Now you tell me, how are we going to lift our ranking here !? Dare the local ISP call their service BroadBand? and hello… even our neighbour Thailand is running at 2.0MBps average ? Is our broadband really this bad and hopeless ? (yes, as an user, this is our experience, period). See the Broadband Ranking list at ZdnetAsia.
Oct 28, 2009 215
Latest Breaking news! Here’s the latest update on PayPal Supporting Malaysian Ringgit (MYR), now, the final piece of the puzzle is finally completed. You can officially link up your PayPal Account (Start selling online now) to a Malaysia Banks (or Overseas banks operating in Malaysia, basically via the MEPS network).
Step 1 – Login to your PayPal Account, Go to Profile > Add / Edit Bank Account
Step 2 – Fill in the account details. If you are not sure about the Bank Name and the MEPS bank routing code (aka SWIFT code, a special code required when you do Telegraphic Transfer), just click on the details link. Seems like there are 21 banks on the list. (Including Bank of America !? never know BOA have a Malaysia branch)
Step 3 – Confirm the details and you are done!
Step 4 – You will receive an email notification on PayPal too upon successful update.
Malaysia Bank Routing Code (also known as SWIFT Code)
==========================================
Here are the bank numbers for some of the major banks in Malaysia.
Bank Name – MEPS Bank Routing Code
AFFIN BANK BERHAD – PHBMMYKL
ALLIANCE BANK MALAYSIA BERHAD – MFBBMYKL
AMBANK BERHAD - ARBKMYKL
BANK ISLAM MALAYSIA BERHAD - BIMBMYKL
BANK KERJASAMA RAKYAT BERHAD - BKRMMYK1
BANK MUAMALAT BERHAD - BMMBMYKL
BANK OF AMERICA - BOFAMY2X
BANK SIMPANAN NASIONAL - BSNAMYK1
CIMB BANK BERHAD - CIBBMYKL
CITIBANK BERHAD - CITIMYKL
DEUSTCHE BANK - DEUTMYKL
EON BANK BERHAD - EOBBMYKL
HONG LEONG BANK BERHAD - HLBBMYKL
HSBC BANK MALAYSIA BERHAD - HBMBMYKL
MALAYAN BANKING BERHAD - MBBEMYKL
OCBC BANK (M) BERHAD - OCBCMYKL
PUBLIC BANK BERHAD - PBBEMYKL
RHB BANK BERHAD - RHBBMYKL
STANDARD CHARTERED BANK MSIA BHD - SCBLMYKX
THE ROYAL BANK OF SCOTLAND BERHAD (RBS) - ABNAMYKL
UNITED OVERSEAS BANK - UOVBMYKL
Around the blogosphere
Oct 27, 2009 22
Long awaiting rumor… Now it’s a reality. You hear it first here!
What are the implications for Malaysia Merchants (and the new countries PayPal starts supporting?). We cannot predict the future, but for every new market which PayPal enters, normally the e-commerce activity will spur as it has become really easy for businesses (esp small businesses) to start accepting online payment and thus making e-commerce a very practical and attractive channel for them to expand their businesses.
In the eye of PayPal, Malaysia has been perceived as a favorite cross-border trading (aka export) and our English based speaking crowd is seen as an advantage (when it comes to product content, still, need to sort out on “what to sell”). Will we live up to the expectation? Well, time will tell.
Transaction fees generally divided into Domestic Payment vs Cross-Border Payment
For Domestic Payment
3.4% + RM2 per transaction or below (for transaction volume less than RM12,000) – Learn more
For Cross-Border Payment ( fees for receiving payments from buyers outside Malaysia)
3.9% + RM2 per transaction or below (for transaction volume less than RM12,000) – Learn more
If you withdraw more than RM400, it’s FREE! – Learn more
Malaysian Ringgits (only for Malaysian users) RM40.00 MYR – Learn more
As easy and affordable as PayPal, it cannot do-it-all. First, you need to know exactly what market you are targeting. If you are targeting local online customers, it’s good to have a local payment gateway too (if budget allows, we normally recommend sign up both) as Malaysia Payment Gateways like iPay88 or nbePay both support Internet Banking Transfer which is not supported by PayPal (and very unlikely to be supported by PayPal in near future)
Well, of course it’s by Malaysia Law. Don’t even think about anything fishy apart from running a serious business. See the details here on PayPal Policy Changes.
“For Malaysian residents who register for the PayPal service with a Malaysian address, this Agreement is governed by and interpreted under the laws of Malaysia as such laws are applied to agreements entered into and to be performed entirely within Malaysia.”
See our PayPal Certified Developer – Sunzi Lim listed on the PayPal Certified Developer List
MalaysiaCrunch.blogspot.com – Breaking: PayPal in Ringgit Malaysia!
Adesblog.com – PayPal Accepts Ringgit Malaysia now
Matzis.com – PayPal Senaraikan Ringgit Malaysia
AnuarMazuki.com – Polisi Baru PayPal
Sifu-lan.com – Matawang Malaysia kini diterima PayPal? Betul ke?
Oct 12, 2009 0
Some interesting statistics from Verisign.com (Yes, the company which operates the .com and .net domain!)
746,934,000 – The number of worldwide Internet users, up 10 percent in 2008. And, for the first time in the history of the Internet, consumer IP traffic surpassed business IP traffic in 2008, most of it being broadband or faster.
Top 5 Internet Markets
(country) (Internet users) (penetration) (worldwide share)
US (182,779,000 ) ( 61% ) ( 16% )
China ( 137,000,000) ( 10% ) ( 12% )
India ( 72,746,000 ) ( 7% ) ( 6% )
Japan ( 67,489,000 ) ( 53% ) ( 6% )
United Kingdom ( 43,752,000 ) ( 72% ) ( 4% )
2 out of 3 - Number of Internet users who visit social networking sites – a number that has more than doubled in the last three years. (needs less to say, facebook is the king of social networking now)
2 out of 3 - Internet users in the United States shopped and made a purchase online in 2007.
$146 billion – U.S. retail e-commerce sales in 2008, greater than the GDP of Switzerland, Sweden, South Africa, Portugal, and Denmark combined.
$1243 - Amount the average American will spend shopping online this year.
$68.88 – The average PayPal Transaction
85% - Number of online shopeers who actually buy thing.
Top Internet Retailers . . . . . . . . . . . . . . . . . . . . . Unique Visitors
eBay . . . . . . . . . . . . . . . . . . . . . . . . . 72,972,000
Amazon Sites . . . . . . . . . . . . . . . . . 57,002,000
Apple Inc.. . . . . . . . . . . . . . . . . . . . . 45,396,000
Wal-Mart . . . . . . . . . . . . . . . . . . . . . 30,398,000
Target Corporation . . . . . . . . . . . . 27,978,000
Shopzilla.com Sites . . . . . . . . . . . . 21,425,000
Yahoo! Shopping . . . . . . . . . . . . . . 19,278,000
Moviefone . . . . . . . . . . . . . . . . . . . . 15,632,000
Best Buy Sites. . . . . . . . . . . . . . . . . 14,585,000
Ticketmaster . . . . . . . . . . . . . . . . . . 13,487,000
You can download the PDF here.
Last but not least, do you know Verisign also owns Thawte.com and Geotrust.com? It makes them the giant in SSL Security Products!
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