Thread: The answer to Picpay delayed payment

As I was reading the forum few days ago I still noticed that many members in this forum still consider picpay has no fund to pay members.

Those of you think that way you are deadly wrong. If some of you still think that picpay has no fund to pay then I would suggest you to look for other alternatives and stop trusting PIPS.

I was with HSBC and EON banks yesterday just to find out about PIPS. In actual fact, the banks won't reveal any information pertaining to their client's performance with the bank.

The bank expalined to me why Picpay can't process your payment. Is may though looks simple to someone to queue in the bank to bank-in the cheques to the members. You are right only if you are refering to personal banking issues.

I read in the forum few days ago, one of the member mentioned that the bank won't care how much you bank in everyday as they only want your business not how much you bank in, that's very right BUT not to the central bank.

You may call your central bank in your respective country to see how much fund you can trasfer out of your own country.

In Malaysia if you transfer a certain amount of money out of Malaysia, you're in trouble! There is a certain amount that can be transfered only.
And that's not everyday you can do that! The bank will be in trouble if they allows it to happen everyday.

Try to call your own central bank and check that on your own. By doing this, you're notice that what mentioned in the forum and rumours are all 100% untrue.

Moreover, the bank has never never clarify that PIPS is a ponzi. According to the bank's statement, Picpay has a huge fund in the account. Big players like HSBC has stopped many online investment companies from trasacting business with them because they do not have proper certificate from the governement whereas PIPS does!

It was also mentioned that PIPS has already working very closely with several banks to get the withdrawal processed and it has been working very well! All the banks in Malaysia knew about this issue that Picpay has a plan to get the withdrwal issue settled. Although they are working with overseas bank but then again, they need corporation from the local bank for back-ups.

Friends, please do not listen to all rumours that Picpay has no money to pay you. They have money to pay you and the only problem they have is the banking issue which is genuine.

Some of you may be thinking that Bryan paid me to do said that BUT all this is up to you to believe. I gain nothing from PIPS to tell you all this. Time will proves everything. All I want to say is stay positive and do not bother about rumours.

I have printed a copy of Warren's post to the bank for their comment, there's one word they describe, RUMOURS!

So guys, is all up to you to believe!

Thank you so very much for your investigative journalism,nelsonlee.
I muchly appreciate it.

unfortunately nelsonlee,
your whole post is RUMOURS.
:(

tuppence,

thanks for the comment!

you're welcome.
:D

did you meet our CEO?

Thanks Nelson lee, It adds up, we appreciate your work.

No doubt PIPS has money. Day by day PIPS is becoming financially solid at the sacrifice of its members which is BEYOND COTROL OF PIPS. When the situtation become under the control of PIPS, all of its members will be Rewarded. Just my opinion.

Originally Posted by tuppence

unfortunately nelsonlee,
your whole post is RUMOURS.
:(

.....and IF you're wrong, which I firmly believe you to be????

Originally Posted by nelsonlee

I was with HSBC and EON banks yesterday just to find out about PIPS.

weren't we asked not to contact pips partners??just asking.

although not factual, it is a positive post!!