Touch ‘n Go Offers New Premium Tier With Upgraded E-Wallet Size of RM20,000by Fintech News Malaysia August 24, 2021 0 comments
Touch ‘n Go Group (TNG) has introduced a new Premium tier to its Touch ‘n Go eWallet users which offers an increased e-wallet size of RM20,000 and an annual transaction limit of RM300,000.
With that, the TNG eWallet now has three tiers namely Lite, Pro and Premium.
The Pro tier is applicable for a verified Electronic Know-Your-Customer (eKYC) account and can hold a maximum balance of RM5,000 with a monthly transaction limit of RM5,000.
A Lite tier, however, is applicable for an unverified TNG eWallet account that can only hold a maximum of RM200.
Users can now upgrade their eWallet tier to Premium by either making an investment in GO+ or by purchasing a CarInsure product through TNG.
Once upgraded to the Premium Tier, users will get an increased annual transaction limit of RM300,000.
TNG said in a statement that its “16 million users can now leverage this upgraded eWallet size to perform various new and existing use cases via an end-to-end contactless and cashless system”.
“With the introduction of the new Premium tier, Touch ‘n Go eWallet is currently one of the biggest among the popular eWallet players in Malaysia.
The Premium tier qualifies users to reload up to RM20,000 to their verified Touch ‘n Go eWallet to pay for higher-value items or services, such as down payment for a car, house loans, and salary payment,”
said Ignatius Ong, Chief Executive Officer, TNG Digital.