Among the new features of the platform, one can include a numberless prepaid card that improves security of physical payment transactions, as well as biometric authentication for online transactions to strengthen security and manage fraud. By comparison to QR-code payments that are only accepted in Malaysia and come with limited use, the numberless prepaid card is accepted at more than 80 million merchants and ATMs globally, on top of being a cost-effective alternative to credit cards.
The company’s co-founder, Joe McGuire also mentioned that the next step in biometric authentication will be face recognition, as the Malaysian market for online payments grows amid the COVID-19 pandemic.
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