Malaysian will soon be able to make all payment on your phone using Touch N Go eWallet…
Well … it’s literally almost everything
So what’s the buzz? The news is Touch ‘n Go Sdn Bhd has obtained approval from Bank Negara Malaysia to operate and offer mobile e-wallet services via TNG Digital Sdn Bhd. here in Malaysia!
With this new eWallet technology, Malaysian does not need to bring any card or cash to go shopping in future but they can just make payment using their phone.
Regardless whether it’s online shopping, bill payment, retail payments, or even P2P fund transfers, this can be done using your mobile e-Wallet
This e-Wallet has been widely used in China (AliPay, WeChat Pay) and now the Touch ’N Go is utilising this technology to give a better payment method to Malaysian.
Now we do have Alipay e-wallet in Malaysia but it can only be used by Chinese nationals, while those with Alipay Malaysia accounts can only use it for purchases made on e-commerce site Lazada.
With this new Touch N Go eWallet , is basically expending this to more places to be used by Malaysian
So how does it works? This new mobile e-wallet is leveraging on Ant Financial’s Alipay technology platform, the world’s leading digital financial services provider. In short, it’s basically using QR codes to utilise payments.
“In support of the government’s aspiration to accelerate the creation of a robust and secure digital payments ecosystem, we are excited to have obtained approval for this new e-wallet through our joint venture with Alipay.
“Today, Touch ‘n Go are already the number one player in micropayments and we see this offering as an add-on as we strengthen our value proposition, moving the country and our customers further into the realm of digital payments,” quoted Touch ‘n Go chief executive officer Syahrunizam Samsudin to NST
Currently most of the Touch ‘N Go users are using it at toll, transit and parking users and they can enjoy the Touch ‘N Go eWalley services by sign on to this new payment system.
This will definitely be a game changer to the payment system in Malaysia. With the implementation of e-wallet services, this will no doubt change the way Malaysians pay for goods and services in future!