November 22, 2008

Buy Fuel With Your MyKad !

Malaysians can use their MyKad to buy petrol from November.
The service will be available nationwide at all BHP, Caltex and three Shell-branded stations owned by Dialog Group Bhd. Consumers will have to open either a savings or a current account with EON Bank, which is the only bank providing payment transactions through the MyKad at the moment. This facility is similar to the debit card service, where consumers deposit an amount in their debit card account before using it.

EON Bank head of consumer banking Michael Lor said those who wanted to use the service needed to open an account with the bank while existing account holders needed to register at ePetrol kiosks. Currently, there are 250 bank customers using the service at 11 petrol stations in Petaling Jaya and Kuala Lumpur under a two-month pilot project. Local payments solution provider ePetrol Holding Sdn Bhd teamed up with EON Bank for the system.

'We are looking at attracting 30,000 users and there will be no extra charges, except for a simple RM6 registration fee,' said Lor after the launch of the cashless payment service by Bank Negara assistant governor Nor Shamsiah Yunus yesterday.

ePetrol president Ngau said they also used the pilot project to test the rebate system to prepare for the petrol subsidy programme using MyKad when the Government was ready..
'We give a 15-sen rebate per litre up to 150 litres a month as a test,' he said.

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