The Finance Ministry (MOF) in a statement yesterday announced that around 2 million Malaysian youths will receive an RM150 e-wallet credit starting this mid-April. Part of the government’s ePemula scheme, those that are eligible include youths aged 18 to 20 as well as full-time students in higher learning institutions.
Furthermore, those eligible would get to enjoy the benefit through one of four e-wallet providers, which are BigPay, GrabPay, ShopeePay and Touch ’n Go. MOF said that the four e-wallet service providers have a network of 1.2 million retailers in Malaysia.
In the same statement, MOF also urged small and medium enterprises (SMEs) to register with e-wallet service providers involved if they haven’t done so yet. This is so that SMEs can benefit from the implementation of the ePemula scheme as well as promote digitalisation by accepting cashless payments.
MOF also clarified that the ministry has allocated RM300 million for the ePemula initiative. However, the ministry didn’t mention any specific date for the kick-off of the initiative, but only mentioning that it will be made available in mid-April.
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