Payments

Touch ‘n Go eWallet Users Can Now Send Remittance to 10 Countries

by Fintech News Malaysia July 17, 2023

TNG Digital has launched its digital remittance services, GOremit in the Touch ‘n Go eWallet so its users can send money securely to ten countries.

The countries are Indonesia, the Philippines, Singapore, Thailand, Vietnam, Bangladesh, India, Nepal, Pakistan, and Sri Lanka.

Senders are required to complete their verification via e-KYC to use GOremit services and can choose to transfer to the recipient’s bank account, local e-wallet or to cash pick-up points.

As of now, there are three supporting e-wallets which include bKash in Bangladesh as well as GCash and PayMaya in Philippines.

According to TNG Digital, recipients will receive their funds within 15 minutes depending on their method of collection.

Push notifications will be sent to users on progress of their money transfer, and they can view the status of any ongoing remittance in the Touch ‘n Go eWallet. There is also an option to obtain a transaction receipt and for it to be sent to the registered email on the e-wallet.

In addition to sending money internationally through GOremit, users can also receive funds from overseas in their e-wallet real-time from Wise and Panda Remit.

The company is planning to expand this service to more overseas partners in the near future.

Alan Ni

Alan Ni, Chief Executive Officer of TNG Digital said,

“With GOremit in the Touch ‘n Go eWallet, users and merchants can remit money to 10 countries from a convenient and safe platform. We are providing an inclusive solution with competitive exchange rates that meet the needs of millions of foreign workers that are here in Malaysia. Users who have the need to transfer money conveniently to their children studying abroad or transfer on behalf of their domestic helpers can do so via GOremit.”