Big Pay (Digital Payment)

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Another payment service has come into the picture. More apps, more interface and more complexity is added into the whole scheme of things now. It feels abit like delivery and food services in the yesteryears. I don’t know about you but I do feel like many of these are popping up as if they are the next super app. I choose to believe that they want the users in order to sell more marketing money to another sucker. But well, as long as there are benefits to consumers and data is kept confidential. Why not?

What or who owns BigPay?

As defined from the website, AirAsia founder and CEO Tony Fernandes officially unveiled BigPay, the budget airline new digital payments platform, at the Money 2020 conference in Singapore

BigPay offers a mobile wallet which can store up to 10 credit and debit cards, and has partnered with MasterCard to offer its own top-up cash card that can be used for payments and withdrawals worldwide. Users can view transactions in real-time on the app to keep track of their daily spending.

What set them apart? As they have claimed

BigPay allows you to spend in 150 supported currencies without transaction fees at Visa’s exchange rate, and also allows you to withdraw money from overseas Via, Maestro, or Cirrus ATMs. It also allows you to make international bank transfers. I’m not too sure if this is the best way to do this as there are so many other options that can also do this.

Rewards

The app has a interface that would reflect spending categories and that separation would be suitable for someone who appreciate such stuff to track their monthly expenses.

Of course, all wallets would have their rewards to keep you using their app for a pro-longed period until you are dependant on it. t

The reward: 1 BIG points for every $5 spent on payments only. I think that for now, they have not figured out the main touch points that people want for rewards other than implementing their own services. This will come unless the app decided that they do not wish to invest more money on this. So this is a very good way to measure how serious a company is when they start expanding their business.

The Deal – $5 for referrer and referee

The key benefits now: We’ll both get $5 credited to our BigPay wallet when you complete the sign-up process by activating the physical card that’d arrive in your mail. After that, you can refer your friends and so on and so forth. It doesn’t seem like there is any cap at the moment since they are new.

Easy transfer back to account

BigPay allows you to withdraw your balance in cash to your bank account. The thing to note is that it’s limited to $100 a day, $300 a month, and you have to pay $1 fee each time you withdraw as a transaction fee. Okay, that isn’t too great a news. Most people don’t even want to pay $0.01 for anything.

That being said, as my philosophy, don’t sweat the small stuff. Smaller or new companies need to pay their overheads and salaries so this mindset would take a least a decade for people to understand.

Sidetrack a little to those who think that saving every cent is considered thrifty. Don’t blame companies for raising prices or dropping interests.

  1. No one owes you anything
  2. It is a free world. Anyone is free to choose – Do not use what you determine as best to define good.
  3. Treat customer service with respect.
  4. Companies have overheads and salaries to pay. Directly or indirectly it saves someone a job and income so increased costs have to be translated back to consumers.
  5. Don’t sweat the small stuff.

Able to stack with other cards

BigPay can double stack with prepaid cards, which is also something that is virtually impossible. For now, you can still use your Grab Card to top up your BigPay wallet. Nice.

It also seems like the Razer Card (which is still in beta) works with BigPay for now.

Delivery

It takes about 4-7 business days for the card to transit and reach you via a registered courier. From there, you will then receive your card.

Conclusion

The Pros:

  • Works with some prepaid cards
  • Withdrawal can be done but at a cost.
  • Hard to find more

The Cons:

  • Low and limited withdrawal amount of $100 per day; $300 per month.
  • Rewards seems pretty and limited so I probably will not use it.

Disclaimer

This is not a sponsored post. This is just a tool and exploration to find out discounts and deals. It is never too much to learn and know more about.

If you like what I am sharing, use my BigPay referral code and both you and I will get $5 sign up bonus. Sign up with the referral code CQDU0PRU7X or tap on this link BigPay Referral now

This picture image was taken off BigPay website for illustration purpose only.

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