TNG Digital Ties up With Bank Rakyat to Enable In-App JomPAY Bill Paymentsby Fintech News Malaysia June 21, 2023 0 comments
Touch ‘n Go eWallet has formed a strategic partnership with Bank Rakyat to enable in-app bill payments via JomPAY.
JomPAY is the nation’s bill payment service which is run and operated by Payments Network Malaysia (PayNet), the national retail digital payments infrastructure provider in this country. Bank Rakyat is a participant of JomPAY.
This partnership enables more than 20 million of Touch ‘n Go eWallet’s users to make bill payments to over 10,000 JomPAY billers.
Bank Rakyat said that it will continue to explore partnerships with key e-wallet players in the market to enhance its digital payment capabilities.
Dr. Mohammad Hanis Osman, Chief Executive Officer of Bank Rakyat said,
“This tie-up marks the continuation of Bank Rakyat’s digital transformation journey and ambition to reach new customer segments using e-wallet platforms.
The expansion of Bank Rakyat’s JomPAY service on e-wallet platforms will not only create a new spectrum of the bank’s digital channels via third party service providers but will also expand the access to the bank’s products and services.”
Alan Ni, Chief Executive Officer of TNG Digital said,
“We see this as an important collaboration that adds JomPAY’s network of over 10,000 billers to our existing bill payment partners.
As the first non-banking institution to enable JomPAY, our users now have a comprehensive billing solution for them to make payments securely on a single platform, thus making Touch ‘n Go eWallet the most convenient way to manage monthly expenses.”
Featured image: Alan Ni, CEO of TNG Digital, Dr. Mohammad Hanis Osman, CEO of Bank Rakyat and Gary Yeoh, Chief Commercial Officer of PayNet at the press conference for the official launch of JOMPAY in Touch ‘n Go eWallet.