TNG Digital, the operator of TNG eWallet, has been tasked with building and operating the infrastructure behind Malaysia’s new Budi95 petrol subsidy, which links fuel retailer apps to government quotas.
Treasury Secretary-General Datuk Johan Mahmood Merican confirmed this at a press conference reported by The Edge.
Through its wholly owned unit Nadi Tech Sdn Bhd, TNG Digital is developing the central system that underpins the Budi95 scheme.
Nadi Tech and TNG Digital are separate entities, and the data are managed separately.
This backend platform manages identity verification and quota tracking for millions of Malaysians eligible for the subsidy.
Apps such as Setel by Petronas, CaltexGO by Caltex and the TNG eWallet act as customer-facing portals, handling registration, one-time electronic Know Your Customer verification and payments.
The TNG eWallet works across all fuel stations, while Setel and CaltexGO are tied to their respective brands.
A similar function is expected to be introduced on the Shell App within the next month.
Finance Minister II Datuk Seri Amir Hamzah Azizan said motorists who do not use these apps can still scan their MyKad at the pump to check quotas before paying.
From 30 September, Malaysians with a valid MyKad and driving licence can purchase up to 300 litres of RON95 petrol each month at RM1.99 per litre under Budi95.
According to government announcements, some groups such as police, military and lower-income households may receive early access before the nationwide rollout.
Non-citizens will continue to pay the unsubsidised price of RM2.60 per litre and are not eligible for the programme.
The initiative is expected to benefit about 16 million Malaysians.
The government said the centralised system is designed to streamline fuel subsidy administration by removing the need for repeated identity checks at the pump and creating a single backend for all participating apps.
Featured image: Edited by Fintech News Malaysia, based on image by EyeEm via Freepik
