E-Wallets WealthTech

Malaysians Can Now Invest in ASNB Unit Trusts through Touch ‘n Go eWallet

by Fintech News Malaysia August 17, 2023

TNG Digital and Amanah Saham Nasional Berhad (ASNB) have partnered to allow Malaysians to invest in ASNB unit trusts through the Touch ‘n Go eWallet. This is said to be the first time that an e-wallet has offered this service.

Through this partnership, Malaysians can subscribe to all 17 ASNB unit trusts through the GOinvest feature in the Touch ‘n Go eWallet. This complements the 9 unit trusts that are currently available on GOinvest.

New users will have access to their ASNB account through the e-wallet once they have completed the online registration via the MyASNB app. Then they will be able to subscribe to new funds for both own their account and dependents.

Meanwhile, existing ASNB unitholders will be able to check their total investments, view a breakdown of ASNB unit trusts, and review the last 5 transactions for each invested fund.

The ASNB unit trusts are available for all Malaysians as an account can be opened even for newborns through ASNB kiosk or over the counter at any ASNB and agents branches. Accounts can also be opened online through the myASNB app for Malaysians who are 18 years old and above.

Alan Ni

Alan Ni, Chief Executive Officer of TNG Digital said,

“With an incredibly low minimum initial investment of just RM10, over 12 million ASNB unit holders can now effortlessly invest through GOInvest in the Touch ‘n Go eWallet.

 

This innovative partnership further diversifies GOinvest’s offerings to a total of 26 unit trusts that caters to different risk appetites, while making online investments convenient and affordable for the masses.”

Muzzaffar Othman

Muzzaffar Othman, Chief Executive Officer & Executive Director of ASNB said,

“ASNB aims to position itself as the advisor of choice, while simultaneously democratising financial advice by making it accessible to all.

 

This has led to the implementation of pivotal initiatives within our advisory, products, and channels, driving our transformation journey.”