BM Soft Token vs Instapay eWallet
Price, ratings, monetisation and update history for both apps, side by side — with what reviewers say about each.
BM Soft Token
Generate One-Time Passwords (OTPs) for secure online banking transactions. This app eliminates the need for a physical token device and works offline after initial activation.
- Generate One-Time Passwords (OTPs)
- Secure online banking authorization
- No physical token required
- Offline functionality after activation
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BM Soft Token is a secured solution for generating One Time Password (OTP) needed to securely authorize the online banking transactions without the need to carry a physical token device. Once you download the application, you will activate it then then no internet access is required to use the application after its activation.
Instapay eWallet
Manage your finances with a digital account and a linked global Mastercard. Easily receive salaries, send remittances, load funds, withdraw cash, and make purchases worldwide. All transactions are tracked for your convenience.
- Digital account management
- Linked global Mastercard
- Salary reception
- Cross-border remittances
- ATM cash withdrawals
- Global purchases
- P2P money transfers
- QR code payments
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Instapay offers you the convenience of a digital account through a simple and smartly designed mobile app and a linked global Mastercard. You need to sign-up with Instapay to use Instapay's digital account. Instapay eWallet Account with linked Mastercard can be used for: Receiving Salary Cross Border Remittance Load Money from Bank Account Withdraw cash from ATM Make purchases globally at Mastercard Merchants or online Top-up Mobile - Domestic or International P2P Money Transfer Scan QR and Pay Merchant All transactions are categorized and recorded in the passbook for viewing Instapay is a financial institution regulated by Bank Negara Malaysia with the latest security protocols including fingerprint and facial recognition to verify your identity. Every financial transaction is authenticated by a transaction PIN – mPIN for app and ATM card PIN for Mastercard.
Screenshots
Verdict
The clearest difference is review sentiment: Instapay eWallet at 56% against BM Soft Token's 5%. Instapay eWallet also leads on rating (4.4 vs 1.8) and update cadence (monthly vs every 14 months). BM Soft Token's advantage is ads (none vs shown) and monetization model (free vs ad-supported). On price, in-app purchases and device support there is nothing between them.
Scored on Price · Rating · Positive reviews · Number of ratings · Update frequency · Ads · In-app purchases · Monetization · Best chart rank · Devices · Requires iOS
Both are free to download. Neither carries in-app purchases, so what you see is what you pay.
Instapay eWallet holds the better App Store score, 4.4 against 1.8. Both are backed by a comparable volume of ratings — 73 and 21 respectively. Written reviews point the same way: 5% of BM Soft Token's written reviews are positive against 56% of Instapay eWallet's.
BM Soft Token ships an update every 14 months, Instapay eWallet monthly. The most recent releases landed on October 22, 2026 and October 28, 2026 respectively.
| Parameter | BM Soft Token | Instapay eWallet |
|---|---|---|
| Price | Free | Free |
| Rating | 1.8 (73 ratings) | 4.4 (21 ratings) — better |
| Positive reviews | 5.1% of reviews | 56.3% of reviews — better |
| Number of ratings | 73 — better | 21 |
| Update frequency | Every 14 months | Monthly — better |
| Ads | No — better | Yes |
| In-app purchases | No | No |
| Monetization | Free — better | Ad-supported |
| Devices | iPhone, iPad, iPod — better | iPhone, iPod |
| Requires iOS | 13.0 — better | 16 |
| Further details — not scored | ||
| Size | 7 MB | 58 MB |
| Age rating | 4+ | 4+ |
| Developer | Banque Misr S.A.E | INSTAPAY TECHNOLOGIES SDN BHD |
Customer experience
BM Soft Token
Instapay eWallet
In-app purchases
BM Soft Token
No in-app purchases
Instapay eWallet
No in-app purchases
Questions
Is BM Soft Token free?
Is Instapay eWallet free?
Which has better reviews, BM Soft Token or Instapay eWallet?
Do BM Soft Token or Instapay eWallet have ads?
Which is updated more often, BM Soft Token or Instapay eWallet?
Other comparisons
