TNG Digital, in partnership with CIMB Bank, has introduced e-Mas, a digital gold investment product that allows TNG eWallet users to invest in gold from RM10.
e-Mas aims to provide a straightforward entry into gold investment, complementing TNG eWallet’s existing financial services.
Users can monitor live gold prices and manage their investments entirely through the e-wallet, enhancing their overall investment experience.
Since its soft launch, e-Mas has reportedly seen significant interest, with 100,000 registrations and 40,000 active investors.
TNG Digital aims to become the largest gold investment platform in Malaysia, targeting at least half a million customers by the end of the year.
The launch event was attended by Minister of Digital YB Tuan Gobind Singh Deo.
Alan Ni, Chief Executive Officer of TNG Digital, said,
“We are extremely honoured that our efforts to democratise the access to digital financial offerings, such as digital gold investment, are supported by the Minister of Digital, YB Tuan Gobind Singh Deo.
With e-Mas, we are committed to offering a wide variety of products to cater to the diverse investment risk appetites among our users. Powered by CIMB Bank Berhad as the liquidity provider, users can invest in gold via TNG eWallet, and diversify their investment portfolios with a low entry amount of RM10.”
Chu Kok Wei, Co-CEO, Group Wholesale Banking, CIMB Group said,
“At CIMB, we are dedicated to pioneering a digital-centric approach to treasury products. We are pleased to act as the liquidity provider for e-Mas, leveraging on our robust capabilities in risk management and digital treasury solutions.
The collaboration with TNG Digital marks a transformative leap forward, which complements our longstanding presence in the wholesale financial market, reflecting our commitment to delivering bespoke financial solutions across diverse client segments.”
Featured image credit: Edited from Freepik
