TNG electronic wallet adds new features of Small investment funds increase income
source TNGFB 
source TNGFB
Touch’n Go Malaysia is about to open additional features to allow e-wallet users to start investing in funds from as little as RM10. The profits earned will become additional income for e-wallets and increase the user’s available amount. Allow users to experience the investment experience.
Expected to be available in the end of March
This function opened by the group is expected to be available in the last week of March, when the group will explain more about using e-wallets to invest in funds.
It is reported that this investment is a cooperation with Principal Asset Management. The investment funds include trust funds based on money market units and other capital market products.
Source TNG App
TNG Digital Sdn Bhd, an associated company of Touch’n Go Group Malaysia and China Ant Group, was approved by the Securities Regulatory Commission (SC) of Malaysia as a Recognized Market Operator (RMO) last year, allowing the company’s e-wallet to be directly connected Sell money market unit trust funds and other capital market products.
This plan will combine Touch’n Go’s platform development, technology and data expertise, with the investment strategy and fund management skills of Principal Asset Management, and then use Touch’n Go e-wallet as a transmission platform, which will not only promote the country Digital and cashless processes will also strengthen financial inclusion.
Take China Alipay as an example. The investment projects of e-wallet include “Yuebao” (a higher interest rate than banks, and mainly invests in currency funds), “Entertainment treasure” (a crowdfunding category, which mainly invests in movies and dramas, with a return of 6 %, which is an unstable income), and “Golden Treasure” (a gold transaction, the risk is lower than that of stocks and equity funds).
- Users must fill in basic information before activating the electronic wallet investment function.
- Touch’n Go Malaysia is about to open the investment fund function, and the profit earned will become the additional income of the e-wallet, and the annual interest rate is expected to be at least 1.47%.
- The fund investment function of TnG e-wallet will allow users to earn daily profits and transfer profits to bank accounts.
