Touch ‘n Go eWallet Adds Over 40 Countries to Its Remittance Networkby Fintech News Malaysia January 4, 2024 0 comments
TNG Digital has expanded the capabilities of its Touch ‘n Go eWallet to include cross-border remittances to over 50 countries via its GOremit offering. This marks a major step up from its initial offering, which allowed transfers to 10 countries in Southeast Asia and other parts of Asia.
Launched in May 2023, the service initially catered to countries such as Indonesia, the Philippines, Singapore, Thailand, Vietnam, Bangladesh, India, Nepal, Pakistan, and Sri Lanka.
The latest expansion of includes major destinations like Hong Kong, Japan, the United Kingdom, and various European countries.
According to TNG Digital, the decision to extend GOremit to more countries comes in response to user demand for more international transfer options.
The GOremit service allows users to send funds directly to recipients’ bank accounts, for cash pick-up, or to e-wallets in the destination country.
It also offers competitive exchange rates, lower fees, and rewards users with points for transactions that can be redeemed for cashback vouchers, physical products, and entries into lucky draws via GOrewards.
Touch ‘n Go eWallet users will need to complete the necessary verification process to use GOremit services.
Alan Ni, Chief Executive Officer of TNG Digital said,
“We are optimistic that this expansion will address the pain points associated with international fund transfers through an alternative, fully digital method, enabling our customers to send money with complete confidence and peace of mind.
It adds convenience to our users’ lives. All transactions are conducted seamlessly and securely through the eWallet, and users can view their transaction history – all from a single platform.”