Five features we love about the ML Wallet

Mobile wallets have revolutionized the way people handle money, delivering a mix of convenience, security, reduced reliance on cash, and more inclusive financial products.

Back in 2017, M Lhuillier marked its digitization journey with the inception of the ML Wallet which served as the company’s official mobile application and offers conventional mobile wallet functionality we’re familiar with, on top of M Lhuillier’s own suite of products and services.

Clean user interface – As the majority of mobile wallets out there go the traditional ‘super app’ route with every iteration adding more and more features, these platforms become increasingly more daunting to explore for novice users and conventional users. Instead of being an app that does a few functions very well, Filipinos are left with bloated applications that always experience slowdowns.

Here’s where ML Wallet does things a little bit differently. When you open the app, you’re not greeted with several annoying ads and promos, you’re not overwhelmed by the myriad of features on the landing page, and you don’t receive pesky notifications that contain unnecessary information.

ML Wallet showcases its functions without clutter and also hides the user’s balance by default (a feature missed by other mobile wallet apps.) Accessing services is responsive with no loading times and each click runs the operation instantly, white space is utilized well so the colors in-app don’t clash, and everything else is not gamified to the extreme.

Kwarta Padala convenience – Kwarta Padala is a financial service provided by M Lhuillier Financial Services that allows customers to send and receive money conveniently and securely. In the Philippines, mobile wallets are not widely used in rural areas which is why services like Kwarta Padala bridge this gap.

Traditionally, the sender would have to visit an M Lhuillier branch to send money to their relatives or friends. Now, empowered with the ML Wallet, users can send money through Kwarta Padala without having to leave their homes.

Users will simply have to cash in on the ML Wallet app, click ‘Select Money,’ and choose ‘Kwarta Padala.’ After filling in their information, users can now send money to any M Lhuillier branch in the Philippines.

Quick loan applications – Since the ML Wallet is able toconnect users with the suite of financial services offered by M Lhuillier, this also covers the company’s widely available and trusted money lending service known for its highest appraisal and lowest interest rates. Unlike other mobile loan apps, ML Wallet makes the application process faster by automatically filling out the information page, and users can settle their dues directly on the app.

Cheaper cash out – Believe it or not, the majority of Filipinos still prefer cold hard cash in their hands because of its 24/7 availability. This is why sari-sari stores doubling as ‘cash out hubs’ for mobile wallets have been popping up across the Metro. One major flaw in this setup is that the fees are not standardized, which means some stores are abusing the fact that they’re the only cash out location around by increasing the service fees to exorbitant amounts. ML Wallet addresses this by providing cheaper fixed rates for cash out at any of their locations nationwide.

Attractive jewelry deals – M Lhuillier Jewellers is a fine jewelry brand that is part of M Lhuillier Financial Services. It is known for its exquisite pieces and designs, including necklaces, chokers, bracelets, rings, wedding rings, and more. With the ML Wallet, users can shop for these items and enjoy up to 50% discounts similar to the typical online shopping experience.