Khazanah Nasional Bhd today announced that the country's leading e-wallet service providers ― Touch ‘n Go eWallet, Boost and GrabPay, have been selected to participate in the federal government’s RM450 million e-Tunai Rakyat initiative.
The three e-wallet service providers are among Malaysia’s largest, and collectively provide a ready platform for the programme, which is scheduled to be launched on January 15, 2020.
It added that users can use the RM30 e-credit to purchase goods and services available through the e-wallet of their choice for the duration of the programme, which runs from January 15 ― March 14, 2020.
Khazanah was appointed by the MoF to facilitate and coordinate the implementation and launch of the e-Tunai Rakyat initiative within the given timeframe.
“As announced by the Ministry of Finance (MoF), the e-Tunai Rakyat initiative aims to accelerate the use and adoption of e-wallets and digital payments among Malaysian consumers and merchants, especially small enterprises and retail businesses.
“The participating e-wallet service providers will provide more details on how eligible Malaysians can claim and use the RM30 e-credit,” it added.