About
Setel is a Malaysian mobility payments app run by Setel Ventures Sdn Bhd, a wholly owned subsidiary of PETRONAS Dagangan Berhad incorporated in January 2019. Bank Negara Malaysia lists it as a non-bank e-money issuer and merchant acquirer. Its distinctive use is paying for fuel from inside the car at PETRONAS stations: with one-tap fuelling the driver pays in the Setel app, without going to the cashier. The same wallet pays for parking, EV charging, road tax and insurance renewal, and works at DuitNow QR merchants. PETRONAS said in 2023 that Setel served over 4 million motorists.
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