Merchantrade Money Now Supports Google and Samsung Wallets

What Is Merchantrade Money?

Merchantrade Money is a digital wallet and prepaid card service provided by Merchantrade Asia Sdn Bhd, a Malaysian fintech company licensed under the Bank Negara Malaysia e-money regulations. The service enables users to store funds, make online payments, transfer money domestically and internationally, and now tap into contactless payments via Google Wallet and Samsung Wallet. It solves the problem of limited digital payment acceptance for unbanked and underbanked users in Malaysia by offering a reloadable e-money account linked to a virtual or physical prepaid Mastercard.

Merchantrade Money is a Bank Negara Malaysia-regulated e-money service that now integrates with Google Wallet and Samsung Wallet for contactless payments across Malaysia.

Key Facts

How Does Merchantrade Money Work with Google Wallet and Samsung Wallet?

Users add their Merchantrade Money virtual or physical prepaid Mastercard to Google Wallet or Samsung Wallet through the respective wallet app. Once added, the card token is stored securely on the device, enabling tap-to-pay at any contactless payment terminal that accepts Mastercard. No physical card needs to be present at the point of sale.

According to Merchantrade Asia, the integration allows users to "make secure, contactless payments at millions of merchants worldwide that accept Google Wallet or Samsung Wallet." The tokenization process replaces the actual card number with a unique digital token, reducing fraud risk. As of 2025, over 1.3 million merchants in Malaysia accept contactless payments, according to industry data cited by Merchantrade.

Merchantrade Money users can now make contactless payments at over 1.3 million merchant touchpoints in Malaysia by adding their prepaid Mastercard to Google Wallet or Samsung Wallet.

What Are the Benefits of Adding Merchantrade Money to a Mobile Wallet?

The primary benefit is convenience: users can leave their physical card at home and pay using their smartphone or smartwatch. The integration also extends the utility of Merchantrade Money to international travelers, as Google Wallet and Samsung Wallet are accepted at contactless terminals in over 200 countries and territories.

Merchantrade Asia stated that the move "aligns with our mission to provide accessible and innovative financial solutions for all Malaysians." The company reported that its user base grew by 35% year-over-year in 2024, driven by demand for digital payment alternatives. Security is enhanced through device-specific tokenization and biometric authentication (fingerprint or face unlock) required for each transaction.

Adding Merchantrade Money to a mobile wallet eliminates the need to carry a physical card while maintaining the same spending limits and security protections as the original prepaid account.

Who Is This Integration For?

This integration is designed for Malaysian users who already hold or are considering a Merchantrade Money account and want to use their smartphone for contactless payments. It is particularly relevant for unbanked individuals who rely on prepaid e-money rather than traditional bank accounts, as well as migrant workers who use Merchantrade Money for remittances and daily spending.

The service also targets tech-savvy consumers who prefer Google Wallet or Samsung Wallet over carrying multiple physical cards. Merchantrade Asia noted that the integration "removes friction for users who want a single digital wallet experience without switching apps." For businesses, the expanded acceptance means Merchantrade Money users can now spend at any contactless terminal, increasing the potential customer base for merchants that accept Mastercard contactless payments.

Merchantrade Money's wallet integration primarily serves Malaysia's unbanked population and migrant workers who need a reloadable prepaid card that works with their smartphone's native wallet app.

How Does Merchantrade Money Compare to Other Digital Wallets in Malaysia?

Merchantrade Money is the only BNM-regulated e-money provider in Malaysia that supports both Google Wallet and Samsung Wallet as of 2025.

Common Questions

Is there any fee to add Merchantrade Money to Google Wallet or Samsung Wallet?

No, adding the Merchantrade Money prepaid Mastercard to either Google Wallet or Samsung Wallet is free of charge. Standard transaction fees for Merchantrade Money usage still apply, but no additional fee is charged for the wallet integration itself.

Can I use Merchantrade Money with Samsung Wallet on a non-Samsung phone?

No, Samsung Wallet is only available on Samsung Galaxy devices running Android 9 or later. For non-Samsung Android phones, users must use Google Wallet. Both wallets support the same Merchantrade Money prepaid Mastercard tokenization process.

Does adding Merchantrade Money to a mobile wallet change my spending limits?

No, the spending limits remain identical to those of the Merchantrade Money prepaid account. The daily transaction limit is RM 5,000 and the monthly limit is RM 20,000, as set by Bank Negara Malaysia regulations for e-money accounts.

Sources and Methodology

This article is based on the Lowyat.net report titled "Merchantrade Money Now Supports Google and Samsung Wallets" published in 2025, supplemented by publicly available information from Merchantrade Asia Sdn Bhd's official website and Bank Negara Malaysia's e-money regulatory framework. Merchantrade Asia's statements are quoted directly from the Lowyat.net article. Contactless merchant data is derived from industry figures cited by Merchantrade Asia. This article was last updated on 2025.