News & Reviews:   tng

Touch 'n Go eWallet has recently rolled out a major update to the app introducing a special feature that optimizes the digital wallet experience based on the country you are visiting. So, what should you know about it?

Curlec by Razorpay is a Malaysian payment gateway that has partnered with TNG eWallet to provide financial services to Small-Medium Merchants (SMEs) and unbanked individuals in rural areas.

This week's TechNave Business Bytes for Week 4 of March 2024 news highlights Malaysia's thriving tech scene and various initiatives aimed at propelling the country towards a digital future. From attracting international partnerships to empowering local businesses, Malaysia is making significant strides in the tech and innovation landscape.

Previously, we reported that the open payment system is now operational at KTM Komuter stations, with payments via MyDebit incurring an RM30 temporary pre-authorisation. Now, KTMB has announced further details on its plans to improve the system, including support for Apple Pay and Samsung Pay.

If you frequently use the TnG eWallet app, this news might catch your interest. Today, Touch n Go 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?

Ever heard of insurance for your parking? Today, local conglomerate Touch n’ Go has launched the first-ever off-street parking insurance/takaful. This feature is called ParkInsure. That said, what should you know about ParkInsure?

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. 

Last year, TNG Digital Sdn Bhd in collaboration with CIMB Bank Sdn Bhd introduced GOpinjam, a short-term personal loan through the former’s TNG eWallet app. Well, despite initial controversy regarding its high-interest rate, the service has been really popular among Malaysians who need fast cash.

Touch ’n Go eWallet has reminded users to link their eWallet account to their device by 3 April 2023. This is because the fintech platform will be implementing TapSecure, a new one-tap transaction approval function on that date.

Anthony Loke, Malaysia’s Minister of Transportation recently announced that all public transportation will apply an open payment system so you may be able to use credit and debit cards to pay for Public Transportation. Previously, you could only use tokens or Touch N’ Go cards to make digital payments for Public Transportation like buses, LRT, MRT and Komuter.