U Mobile GoPayz e-wallet with virtual and/or physical prepaid cards

GoPayz is a challenger e-wallet operated by U Mobile Services. It is a second e-wallet in Malaysia after AirAsia BigPay that issues physical prepaid card to its users. It is the third of its kind in Malaysia that issues virtual prepaid card, after BigPay (Mastercard) and Boost (UnionPay).

In fact, GoPayz has gone one step ahead of BigPay, which only issue virtual and physical prepaid Mastercard to their users. GoPayz accounts by default have 3 virtual prepaid cards, namely UnionPay, Mastercard and Visa.

On top of that, its users have the option to also carry physical prepaid card(s) with a one time card issuance fee of RM16 per card. There is no annual fee nor yearly SST to keep the GoPayz physical card.

Unlike BigPay which  has a large stored-value capacity of up to RM10,000, this GoPayz e-wallet only has a capacity of RM5,000 for its Premium Wallet Accounts (RM200 for Basic Wallet Accounts). The capacity limit is shared among all the UnionPay, Mastercard and Visa prepaid cards.

With a physical card on hand, you can use GoPayz to pay to merchants that accept UnionPay/Mastercard/Visa at their outlets. Another advantage is that you can withdraw cash from your e-wallet at local banks ATM machine, with a very low cash withdrawal fee of RM1.00 only. You can also withdraw from overseas ATM machine, with the cash withdrawal fee of RM10.00. This rate is in fact cheaper than rival BigPay Mastercard.

Beside being yet another e-wallet just like the others in the market, GoPayz seems to have ambition to disrupt the traditional financial services, including the insurance market, unit trust market, and even foreign currency exchange market.

GoPayz introduces self-service financial services for its users to buy insurance and/or unit trust at a very affordable rate, by eliminating the agent commission and reducing the administrative expenses involved. It works together with licensed life insurance company Sun Life, general insurance company Chubb, and online unit trust company FundSupermart Malaysia to come out with its financial services products.

Should their self-service financial services business model be successful, it will affect the insurance agents and unit trust agents who make their living through sales commission. We can foresee that the sales commission rate might be significantly reduced in order to compete with market disruptors such as GoPayz financial services.

KERUI biometric fingerprint padlock

Traditional padlocks typically work by unlocking using a matching key or password.

The drawbacks of a key padlock including:

• It is inconvenient to have to carry the key along with you.
• If you forgot to bring the key, or your key is lost, then you will have trouble unlocking the padlock.
• If your key is broken, you will also have trouble unlocking the padlock.
• The key can be easily duplicated.
• The padlock can be prey open without using the key.
• It takes quite some effort and time to unlock the padlock.

The drawbacks of a password padlock including:

• Password can be forgotten, especially when long time not using.
• It takes quite some effort and time to unlock the padlock.

Now, with a cost of less than RM50, you can actually get a biometric fingerprint padlock from online shop.

The biometric fingerprint padlock just looks like other ordinary padlocks. The different parts are that it has a fingerprint scanner on it, it operates with a rechargeable Li-ion battery inside, and it has a micro-USB charging port.

The padlock also has a small triple-colour LED indicator light. When the battery level is low, the light will be flashing in red. When the battery level is extremely low, it will also produce beeping sound to provide alert for recharging need.

When charging, the LED light stays in red. When recharging is completed, the light will turn off by itself.

The padlock has a standby time of at least a few months before the need of recharging again. It can go through up to 9,000 times of unlock cycle for a full charge.

This padlock can register up to 10 fingerprints. 2 of them will be "administrator" fingerprint which can be used to initiate registering of new fingerprints and also to delete stored fingerprints. The other 8 normal fingerprints can only be used to unlock the padlock.

For new lock without any stored fingerprint, it can be unlocked with any human fingerprint. Once registered with one or more fingerprints, only the registered fingerprint(s) can be used to unlock it.

One thing I like about this padlock is its super fast unlocking speed of less than a second with matching fingerprint.

By using this biometric fingerprint padlock, I no longer need to carry padlock key or remember padlock password. It is really very convenient and easy to use.

Can you park at reserved roadside parking bay after business hours?

Vacant roadside parking is very difficult to be found nowadays. Sometimes when you are able to find a vacant one, the parking bay is marked in red paint instead of yellow or white, indicating that it is a rented as reserved parking space by the city council to possibly the shop right in front of the bay.

If you arrived there after business hours (early in the morning or late at night), or during weekends or public holidays, you might wonder can you park your car at that "reserved" parking bay as legally allowed by the city council?

The answer is YES because the reserved parking bays are rented during specific working hours only, and is free for any car parking outside the rental hours.

The reserved parking time slot of those parking bays marked in red paint is usually following the same time slot which the city council is collecting parking fee for the other roadside parking bays.

For Kuala Lumpur City Hall (DBKL), the reserved time is from 7.30am to 6.00pm, Monday to Saturday, except public holidays.

For Petaling Jaya City Council (MBPJ), the reserved time is from 8.00am to 6.30pm, Monday to Friday, except public holidays.

For Subang Jaya City Council (MBSJ), the reserved time is from 8.00am to 10.00pm, Monday to Friday, except public holidays. However, MBSJ is also renting out a kind of reserved parking at higher rental price, which include reserved time during weekends and public holidays.

Normally, when you see the shop in front of the reserved parking bay is closed, and the time is outside the reserved hours, it is safe for you to park at that parking lot.

Anybody who illegally blocking a public parking bay, including those "reserved" parking bays outside their rental hours, is an act against the law and can be fined for penalty by the city council.

Anyhow, if there is any argument, normal citizens should not take the law into your own hands, and should report the case to the city council instead.