Touch 'N Go to introduce TnG e-wallet in Q3

Touch 'n Go Sdn Bhd (TnG) plans to launch the 'TnG e-wallet', an electronic payment (e-payment) digital application in the third quarter (Q3) of this year.

Chief Executive Officer Syahrunizam Samsudin said TnG e-wallet would enable cashless transactions for the public, small retailers and large merchants.

He said the service was currently in the pilot testing stage and would be concluded next month, involving 2,000 retailers and merchants.

"We will launch it tentatively in Q3 after getting Bank Negara Malaysia's approval," he told reporters here today after the launch of TnG's new customer experience centre by CIMB Group Holdings Bhd Chairman Datuk Seri Nazir Razak who also witnessed the signing of a memorandum of understanding (MoU) between TnG, Lazada Malaysia and Grab.

TnG's collaboration with Lazada marked its first online marketplace, providing another channel for customers to purchase TnG products via the online shopping portal.

Meanwhile, the MoU with Grab, the ride-hailing platform, was part of TnG's initiative to promote urban mobility and public transportation by offering rebate promo code and end-to-end travel convenience to transit users.

Syahrunizam said TnG currently had 17 million active cards in circulation.

CIMB Group owned 52 per cent of Touch'N Go Sdn Bhd, MTD Capital Bhd (28 per cent) and PLUS Expressways Bhd (the remaining 20 per cent).

-- BERNAMA