If you frequently use the TnG eWallet app, this news might catch your interest. Today, TNG Digital Sdn Bhd announced they have signed a memorandum of collaboration with Bursa Malaysia and Affin Hwang Investment Bank. That said, what should you know about this collaboration?
For your information, this strategic partnership will allow you to access your Central Depository System (CDS) account and portfolio on the app. You can also access real-time market information and execute trades. Plus, you can invest in Exchange-Traded Funds (ETFs).
Moreover, to encourage new investors, the feature will provide intuitive trading interfaces and easy-to-understand educational resources for your convenience. According to the Bursa Malaysia CEO, Muhamad Umar Swift, this feature could go online in early 2024. If you don’t have a CDS account now, you can register for a new one through the Touch 'n Go eWallet app.
In case you didn’t know, the GOinvest already offers some trust funds for you to invest in. That includes CIMB’s Principal unit trusts and 17 units from ASNB. You can open a new ASNB account by going to the bank or using a different app with a minimum RM10 deposit.
What are your thoughts on this news? Stay tuned for more information and updates like this at TechNave!
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