Send and receive money for free without hidden fees via the ML Wallet app
What makes a brand a household name? For a financial institution like M Lhuillier, it's all about embracing the changing times, especially when everything goes digital.
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| Send and Receive Money for Free Without Hidden Fees via the ML Wallet App |
The 2023 Report on E-Payments Measurement of the Bangko Sentral ng Pilipinas (BSP) revealed a piece of milestone news that the Philippines has hit the target of digitizing 50 percent of retail payments with 52.8 percent in 2023 versus 42.1 percent in the previous year.
Included in the factors at play in this scenario is the growing adaptation of mobile wallets among Filipinos. Applications like the ML Wallet app, M Lhuillier's digital finance platform, serve as an avenue for financial inclusivity especially for the underbanked and the unbanked.
M Lhuillier launched the ML Wallet app in 2017, marking a new era for a legacy brand that has been present in the lives of Filipino people for three decades already. With the ML Wallet app, M Lhuillier opened another bridge to help Filipino families with their financial goals, true to its trademark tagline "Tulay ng Pamilyang Pilipino."
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Amid the widening use of mobile wallets come the necessary operation charges including transaction fees for interbank transfers. With the ML Wallet app, M Lhuillier makes sure that every centavo and every peso goes to the users with the free send and receive feature from one ML Wallet app to another.
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| ML Wallet App Interface |
For a secure login, the ML Wallet app implements two layers of authentication. First, is through a one-time PIN sent to the registered mobile number of the user. Another one is via the app password set by the user.
New account registration is quick and easy on the ML Wallet app. Users just need to provide their mobile number and verify their identity guided by the platform.
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| ML Wallet to ML Wallet Transfer |
The Send Money option has two functions – one for Kwarta Padala to any M Lhuillier branch and another one for free Wallet to Wallet fund transfer. For the latter, an ML Wallet-registered mobile number is required.
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| ML Wallet to Any ML Branch Transfer |
Transactions through Kwarta Padala to any M Lhuillier branch require more receiver details and come with respective fees.
Users can send and receive funds on the ML Wallet app by scanning the QR code. Upon scanning the QR code, the app will prompt the money transfer screen where users will input the amount, with every transaction protected with a one-time PIN sent to the users' registered numbers.
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| ML Wallet QR Code Feature |
The Wallet to Wallet QR code feature gives users peace of mind by eliminating the chances of sending funds to the wrong receiver due to incorrect mobile numbers.
Convenience is also the name of the game for the ML Wallet app's send-and-receive funds features as these allow money transfers anytime and anywhere.
Through the ML Wallet app, M Lhuillier customers can also purchase prepaid mobile load, pay bills, shop pre-loved jewelry and watches in the ML Shop, locate the M Lhuillier branch nearest to them, and check ML Kwarta Padala rates in real-time.
ML Wallet app users can also cash in for free in M Lhuillier branches or add funds to their bank accounts through ML Wallet's bank partners. Additionally, cash outs or fund withdrawals are allowed at up to P40,000 per day from any of the 3,000 M Lhuillier branches across the country.
The ML Wallet app is available for free download via the Apple App Store, Google Play Store, and Huawei App Gallery. Know more by visiting https://mlhuillier.com/ml-wallet.
