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This round of funding brings the total amount raised by TNG Digital over the last 18 months to over RM 1bil. Today’s announcement fortifies that partnership and we are excited by the prospects it presents for both our companies.” Our long-standing partnership with Touch ‘n Go eWallet has served our customers well, allowing buyers to check out easily and quickly. Lazada is fully committed to providing a seamless customer journey, as well as being a catalyst to stimulate capacity building among our sellers, primarily local SMEs and MSMEs. In the meantime, Alan Chan, Chief Executive Officer of Lazada Malaysia said, “We see digital payment services as a critical bolt-on to bring the best customer experience on Lazada. We will continue to expand in all areas of digital financial services and ensure that our user base is served in an innovative and inclusive manner,” added Effendy. “The funding round also sets us up nicely for our next phase of growth. I look forward to seeing the teams roll out these exciting collaboration opportunities to our users,” said Effendy Shahul Hamid, Group Chief Executive Officer, Touch ‘n Go Group. We feel this collaboration will bring next-level value propositions to users and merchant bases across the Lazada and Touch ‘n Go ecosystem. “I’m extremely pleased to welcome Lazada to the Touch ‘n Go eWallet family. This new investment solidifies the collaboration between key segment leaders, one in e-commerce and one in digital financial services and payments. This funding round was led by a new investment in TNG Digital by Lazada Group and a follow-on investment by TNG Digital’s current shareholder and parent company Touch ‘n Go Sdn. Malaysia has recorded 7 new COVID-19 cases today, which is a new record low during the MCO.Touch ‘n Go Group today announced that TNG Digital Sdn Bhd (“ TNG Digital”), the owner and operator of Touch ‘n Go eWallet, Malaysia’s largest eWallet company, has raised RM 750mil from its latest round of equity funding. More restrictions are being lifted and Malaysians are permitted to travel interstate and go on a domestic holiday with exception to places that are under Enhanced Movement Control Order (EMCO).īarbers and hair salons are allowed to resume starting 10th of June with strict SOP, while schools are expected to reopen soon in stages. In case you missed it, the current Conditional Movement Control Order (CMCO) will end on 9th of June 2020 and it will be replaced by a Recovery Movement Control Order (RMCO) which is scheduled to end on 31st August 2020. The MySejahtera app is available on the Google Play Store, Apple AppStore and Huawei AppGallery. They advise users to try again a few hours later. The previous RM30 eWallet program was only available for Boost, Grab and Touch ‘n Go eWallet.įor those who are having issues registering, the Ministry of Health is aware of the issue. The government has yet to reveal the list of supported eWallets and the actual redemption process. This means you won’t be able to use it for in-app services or online shopping.

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Unlike the previous eTunai Rakyat program, the RM50 eWallet credit via Penjana can only be used for offline and physical purchases. The eWallet initiative is only applicable to Malaysians aged 18 years old and above, and with an annual income of less than RM100,000 per year. The ePenjana program will run from July until September 2020 and it aims to benefit 15 million Malaysians. The RM50 credit is expected to be credited directly to verified eWallets starting next month. The app also enables QR code-based contact tracing at business premises as it reduces the need for writing down contact details manually.

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According to the Minister, this is to encourage more Malaysians to download the MySejahtera app which will help health authorities in its effort to contain the COVID-19 pandemic.

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