Payments company Euronet has entered a strategic collaboration with TNG Digital to expand the use of its Touch ‘n Go eWallet that serves approximately 18 million users in Malaysia.
TNG Digital recently entered a partnership with Visa to develop a prepaid card solution which also leverages Euronet’s REN payments platform, and link each card to a user’s Touch ‘n Go eWallet.
The solution expands the reach of the Touch ‘n Go eWallet and allows its users to make payments to more than 80 million Visa merchants globally.
Designed to be cloud native, REN’s microservices based architecture uses modern design principles to deliver end-to-end digital payments experiences for users of the Touch ‘n Go eWallet.
Euronet’s REN platform provides key functionality for the project, including services for virtual and physical card management, data recovery and compliance, and payments platform with APIs.
“Through this partnership, TNG Digital is further enhancing its proposition by enabling consumers to access funds in their wallets for all forms of transactions including in-store, e-commerce and ATMs. We are confident that the Touch ‘n Go eWallet will soon become one of the largest card issuers in Malaysia,”
said Himanshu Pujara, Managing Director, Euronet Asia Pacific.
“After an extensive RFP process, Euronet and the REN payments platform were awarded the project. We believe that Euronet has the capacity and commitment needed to support our vision to be Malaysia’s No. 1 e-payments provider,”
said Alan Ni, Chief Executive Officer, TNG Digital Sdn Bhd.
Featured image credit: edited from Unsplash
