Touch ‘n Go Launches CSR-linked Numberless Visa Prepaid Card
by Fintech News Malaysia January 18, 2023Touch ‘n Go Group has partnered with Visa to launch a corporate social responsibility (CSR)-linked numberless prepaid card with a maximum transaction limit of RM5000 per day.
With this card acting as a complementary payment channel to the Touch ‘n Go eWallet, users will be able to make payments even at merchants who do not have a DuitNow QR code.
The card also permits users to withdraw cash at automated teller machines (ATMs) and perform online and offline payments internationally.
However, users will not be able to use the new Visa card to pay at highway tolls or car parks due to technical limitations according to a report by SoyaCincau.
Touch ‘n Go eWallet users can apply for their Visa card through the e-wallet app where they will need to just pay a RM5 delivery fee for the card.
The design of the new Visa card incorporates the artwork by Damien Wong, an artist from Malaysian NGO United Voice who was diagnosed with autism. The proceeds from the group’s purchase of this painting goes directly to Damien.
For every card applied, RM2 will be donated to United Voice where the proceeds will be used to run projects to drive new employment opportunities by upskilling, training, and educating people with learning disabilities.
Alan Ni
Alan Ni, Chief Executive Officer of TNG Digital said,
“Together with Visa, we have integrated innovation and advanced technology to deliver enterprise grade security and features for this Visa card. At the same time, it is also the first-of-its-kind CSR-linked Visa card in Malaysia.
With all the features incorporated in this card, Touch ‘n Go eWallet is now able to offer all the services equivalent to an alternative bank to all eWallet users for free. We expect strong demand for the card as this will expand our eWallet customers’ payment horizon internationally”.
Ng Kong Boon, Country Manager for Malaysia at Visa said,
Ng Kong Boon
“We are extremely excited to partner Touch ‘n Go eWallet to launch a prepaid card in Malaysia. This prepaid product that is tied to the Touch ‘n Go eWallet will enable cardholders to pay at Visa’s wide network of over 80 million merchants worldwide.
We are also heartened that cardholders who apply for this product will be able to contribute to United Voice’s upskilling initiative and do their part for charity, while benefitting from making seamless and convenient card payments.”
