Budget2023: Gov't to provide RM200 eWallet credits to youths and RM100 to M40 under ePemula

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Finance Minister Tengku Datuk Seri Zafrul Tengku Aziz today announced that the government will be introducing two eWallet initiatives under Budget 2023, whereby eligible Malaysians will be getting eWallet credits under the ePemula programme. These include RM200 one-off eWallet credits for youths aged 18 to 20 years old and full-time students aged over 21 years old as well as RM100 one-off eWallet credits f M40 Malaysians earning under RM100,000 a year. 

Speaking in Parliament during the tabling of Budget 2023 today, Tengku Zafrul elaborated that RM400 million has been allocated for the ePemula programme for youths and will benefit 2 million recipients. Compared to the same programme under Budget 2022, the one-off eWallet credit has been increased from RM150 last year to RM200. 

As for the ePemula programme for M40, this is the first time that the government will be introducing such an initiative. The Finance Minister asserted that the initiative will benefit 8 million recipients and the government will be allocating RM800 million for the programme. 

To be eligible, recipients must be from the M40 category and earn less than RM100,000 a year. Each recipient will be receiving a one-off RM100 eWallet credit. 

However, Tengku Zafrul has yet to reveal which eWallet provider will be selected for both ePemula programmes. In 2022, the ePemula initiative for youth was distributed by BigPay, GrabPay, ShopeePay and Touch ’n Go eWallet. 

So, what do you guys think of this ePemula initiative under Budget 2023? Share your thoughts with us in the comments below and stay tuned to TechNave for the latest tech news from Malaysia and beyond!