E-Wallets
Touch ‘n Go Implements Security Features Laid Out by BNM Ahead of Deadline
Touch ‘n Go eWallet has successfully implemented all five mandatory safety and security measures imposed by the Bank Negara Malaysia to combat scams, four months before the June 2023 deadline. The first of the five key measures are the migration
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Shopee Launches SLoan, A Personal Loan Service for Select Users
Shopee has broadened its range of digital financial services to incorporate a personal loan product named SLoan. While currently only accessible to a limited group of users, the service is expected to become available to more users. Users’ credit limit
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Touch ‘n Go Launches CSR-linked Numberless Visa Prepaid Card
Touch ‘n Go Group has partnered with Visa to launch a corporate social responsibility (CSR)-linked numberless prepaid card with a maximum transaction limit of RM5000 per day. With this card acting as a complementary payment channel to the Touch ‘n
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Thai Unicorn Launches its TrueMoney E-Wallet in Malaysia’s Crowded Market
TrueMoney, a payments player and a subsidiary of Ascend Money announced today their launch in Malaysia. During their press event, they also announced that they are now the “official payment” provider for all of Lotus’s hypermarket locations across the country.
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Fave Offers Cashback Loyalty Programme for 18 Million Touch ‘n Go eWallet Users
Southeast Asian payments platform Fave has partnered with Touch ‘n Go Group’s TNG Digital to launch a loyalty programme and earn up to 15 percent cashback across 17,000 F&B outlets and retailers. More than 18 million Touch ‘n Go eWallet
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Boost Rolls Out Merchant B2B Wallet With Limit of up to Half a Million
Axiata Group’s fintech arm Boost announced that it has launched its Merchant B2B Wallet with a limit of up to RM500,000. The Merchant B2B Wallet is integrated into the existing Boost Biz app with a QR code payment functionality. The
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Grab’s PayLater Extended to Non-Active Users, Can Now Be Used in Physical Stores
Superapp Grab has added updates to its “buy now, pay later” (BNPL) feature PayLater by extending the payment option to in-store purchases. With this extension, shoppers now have more flexibility to pay for their purchases over time. Additionally, Grab will
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TNG to Implement Bank Grade Security Measure Imposed by BNM
Touch ‘n Go eWallet announced that it has come forward to be the first startup and non-bank provider that has committed to voluntarily incorporate the five key measures which have been recently imposed on banks by Bank Negara Malaysia to
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BigPay Hits RM1 Billion Milestone for International Remittance
BigPay announced that it had achieved a new milestone for its international remittance feature. The company said it had achieved RM1 billion in Gross Transaction Value (GTV) for its international remittance feature. BigPay allows users to send money to other countries
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Euronet’s REN Payments Platform to Enable the TNG eWallet Visa Prepaid Card
Payments company Euronet has entered a strategic collaboration with TNG Digital to expand the use of its Touch ‘n Go eWallet that serves approximately 18 million users in Malaysia. TNG Digital recently entered a partnership with Visa to develop a
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