News & Reviews:   invest

Today, ShopeePay has announced the launch of Money+, a new investment feature that allows users to generate daily returns from as little as RM10. The feature is available through both the ShopeePay app and the main Shopee app, positioning it as a low barrier entry point for users looking to grow idle balances within their ewallet.

ShopeePay is expanding its financial ecosystem with the introduction of ShopeePay Invest, a new feature developed in partnership with iFAST Capital Sdn Bhd that aims to make investing simple, accessible, and affordable for all Malaysians. The launch marks a key milestone in ShopeePay’s ongoing “Simple Finance For All” mission, as it looks to empower first-time investors and promote financial literacy across the country.

Today, Touch 'n Go Digital announced a new partnership with Amanah Saham Nasional Berhad (ASNB). This marks the first and only eWallet agent to offer investments in ASNB unit trusts for Malaysians, which enables them to subscribe to all 17 ASNB unit trusts through the GOinvest feature through the TNG eWallet. These also complement the 9 unit trusts that are currently available on GOinvest. 

In September 2020, Nvidia had announced its plan to acquire Arm from SoftBank for about 40 billion USD (~RM164 billion). However, Qualcomm has jumped out of the middle of nowhere recently and offered to invest in the semiconductor company rather than purchase it outright, in the event Arm rejects the deal offered by Nvidia.