Hello. This is the MVL team.
Did you read MVL’s article and weekly news last week?
(▶2nd December Weekly News: https://ewhk4.app.goo.gl/fmVf)
Today, we will introduce the collaboration with Shinhan Bank for TADA’s e-wallet service.
Last June, MVL partnered with Shinhan Bank.
Since then, we have planned and developed financial products and services
that are specialized in the mobility industry with Shinhan Bank.
The first result of this collaboration is the TADA Wallet.
If you are wondering what the TADA Wallet is and why it was created, you have to pay attention.
We will solve your curiosity right away.
# Why was the TADA Wallet created?
The TADA Wallet was created for convenient payment and withdrawal services.
While the existing payment methods on TADA was also convenient,
TADA Wallet helps to make payments a little more intuitive.
For example, in the case with TADA’s QR scan payment method,
after arriving at the destination, the rider has to switch on their QR Pay app and pay for the fare.
Sounds quite inconvenient right?
Also, the withdrawal system for drivers needed improvement.
Originally, earnings withdrawal was only possible 48 hours after the ride was complete,
causing some inconveniences for drivers.
(Reference: <Embracing a Globalizing World with MVL> – 5. World Within: MVLERs in Cambodia)
To solve these problems,
the TADA Wallet, TADA’s first financial service was created
via the collaboration with Shinhan Bank who has advanced payment solutions.
# Introducing TADA Wallet!
Where can we find the TADA Wallet?
TADA users in Cambodia can find the yellow button of the TADA Wallet
on the menu bar from TADA App (on the version released on 6th December 2019).
In the TADA Wallet, users can check their ID number, balance and usage history.
The Top Up function allows users to charge their wallet
and the Cash Out function allows them to withdraw their earnings.
➡️ Top Up Process
➡️ Cash Out Process
TADA users will also be able to
connect their Wallet and bank accounts to pay for their ride fares.
Users can also transfer the money in the balance to their friend's Wallet.
In other words, the TADA Wallet is a user’s “Mobile Mobility Account”!
The biggest feature of the TADA Wallet is automatic payment.
The TADA Wallet runs within the TADA app,
allowing the fares to be paid automatically when one arrives at their destination.
This means that there isn’t a need to open a separate app or worry about forgetting to pay for a ride.
What's more is that the TADA Wallet enables drivers to manage their own income.
The fare paid by the riders through the TADA Wallet is immediately deposited into the driver's TADA Wallet.
This allows drivers to immediately check their income through the transaction history
and withdraw money through the Cash Out function when necessary.
# The cornerstone of mobility finance
The TADA Wallet will be the cornerstone of MVL's future mobility finance.
As many mobility companies enters the financial industry,
interest in the mobility finance market is increasing.
An example of this is Uber. Uber is setting up “Uber Money,” a financial service division in October,
and are preparing to develop a variety of financial services.
Grab has already launched Grab Pay in 2017, preoccupying the Fintech market
and becoming a must-have app in Southeast Asia.
Mobility companies are entering the financial industry
in order to create new income sources while locking in existing consumers.
MVL will also continue to cooperate with Shinhan Bank
to launch various financial products and services.
By analyzing big data such as all transactions, driving and locality data
collected through vehicle service operation
(these big data are safely stored in the blockchain technology!)
we plan to develop auto financial products such as auto loans and mortgages.
As the auto finance market expands with the growth of the auto market,
the potential of the auto finance is endless in the Cambodian market,
where automobile demand is rapidly increasing, with an annual growth of 7%.
Please look forward to MVL and TADA's success as a Mobility Fintech company in Cambodia!
Thank you.
Trust-Driven MVL
Hello. This is the MVL team.
Did you read MVL’s article and weekly news last week?
(▶2nd December Weekly News: https://ewhk4.app.goo.gl/fmVf)
Today, we will introduce the collaboration with Shinhan Bank for TADA’s e-wallet service.
Last June, MVL partnered with Shinhan Bank.
Since then, we have planned and developed financial products and services
that are specialized in the mobility industry with Shinhan Bank.
The first result of this collaboration is the TADA Wallet.
If you are wondering what the TADA Wallet is and why it was created, you have to pay attention.
We will solve your curiosity right away.
# Why was the TADA Wallet created?
The TADA Wallet was created for convenient payment and withdrawal services.
While the existing payment methods on TADA was also convenient,
TADA Wallet helps to make payments a little more intuitive.
For example, in the case with TADA’s QR scan payment method,
after arriving at the destination, the rider has to switch on their QR Pay app and pay for the fare.
Sounds quite inconvenient right?
Also, the withdrawal system for drivers needed improvement.
Originally, earnings withdrawal was only possible 48 hours after the ride was complete,
causing some inconveniences for drivers.
(Reference: <Embracing a Globalizing World with MVL> – 5. World Within: MVLERs in Cambodia)
To solve these problems,
the TADA Wallet, TADA’s first financial service was created
via the collaboration with Shinhan Bank who has advanced payment solutions.
# Introducing TADA Wallet!
Where can we find the TADA Wallet?
TADA users in Cambodia can find the yellow button of the TADA Wallet
on the menu bar from TADA App (on the version released on 6th December 2019).
In the TADA Wallet, users can check their ID number, balance and usage history.
The Top Up function allows users to charge their wallet
and the Cash Out function allows them to withdraw their earnings.
➡️ Top Up Process
➡️ Cash Out Process
TADA users will also be able to
connect their Wallet and bank accounts to pay for their ride fares.
Users can also transfer the money in the balance to their friend's Wallet.
In other words, the TADA Wallet is a user’s “Mobile Mobility Account”!
The biggest feature of the TADA Wallet is automatic payment.
The TADA Wallet runs within the TADA app,
allowing the fares to be paid automatically when one arrives at their destination.
This means that there isn’t a need to open a separate app or worry about forgetting to pay for a ride.
What's more is that the TADA Wallet enables drivers to manage their own income.
The fare paid by the riders through the TADA Wallet is immediately deposited into the driver's TADA Wallet.
This allows drivers to immediately check their income through the transaction history
and withdraw money through the Cash Out function when necessary.
# The cornerstone of mobility finance
The TADA Wallet will be the cornerstone of MVL's future mobility finance.
As many mobility companies enters the financial industry,
interest in the mobility finance market is increasing.
An example of this is Uber. Uber is setting up “Uber Money,” a financial service division in October,
and are preparing to develop a variety of financial services.
Grab has already launched Grab Pay in 2017, preoccupying the Fintech market
and becoming a must-have app in Southeast Asia.
Mobility companies are entering the financial industry
in order to create new income sources while locking in existing consumers.
MVL will also continue to cooperate with Shinhan Bank
to launch various financial products and services.
By analyzing big data such as all transactions, driving and locality data
collected through vehicle service operation
(these big data are safely stored in the blockchain technology!)
we plan to develop auto financial products such as auto loans and mortgages.
As the auto finance market expands with the growth of the auto market,
the potential of the auto finance is endless in the Cambodian market,
where automobile demand is rapidly increasing, with an annual growth of 7%.
Please look forward to MVL and TADA's success as a Mobility Fintech company in Cambodia!
Thank you.
Trust-Driven MVL