Malaysian telecommunications service provider U Mobile’s standalone e-wallet GoPayz has collaborated with gold bullion trader ACE Capital Growth (ACE), a subsidiary of Ace Innovate Asia, to launch GoGold.

This latest digital service found on the GoPayz app enables users to buy and sell digital gold on ACE’s secure and Shariah-compliant platform with ease.

U Mobile claims that this is one of the lowest gold price spreads in the Malaysian market.

Apart from that, GoGold also offers great accessibility as users may opt to purchase digital gold from as low as RM5.

To mark the launch of GoGold, the first 5,000 to sign up for GoGold will receive free digital gold worth RM5.

On top of that, GoPayz users who spend at least RM20 per transaction on GoGold will also be in the running to win 1 gram of digital gold.

There will be a total of 200 winners who will have the 1 gram of digital gold credited to their GoGold account, and winners will be selected based on every 50th transaction.

“With GoGold, users enjoy huge flexibility as digital gold purchase may be made from as low as RM5. The purchase may also be made via the GoPayz e-wallet and if desired, the digital gold purchased may also be converted to physical gold seamlessly. We believe this is another way that GoPayz is making digital financial services accessible and affordable,”

said Jasmine Lee, Chief Marketing Officer, U Mobile.

Featured image credit: Edited from Pexels