Malaysians can redeem the RM50 eWallet credit starting tomorrow, 31st July 2020. The initiative costs RM750 million and it will benefit approximately 15 million eligible Malaysians. The Ministry of Finance has identified Boost, Grab and Touch ‘n Go eWallet as supported platforms for the initiative.
When the ePenjana program was announced in June, it was mentioned that the RM50 credit was meant only for offline or physical purchases. This meant that you could use the credit at physical stores only.
No restrictions on purchases
When the ePenjana redemption details were revealed today, turns out that recipients are free to utilise the RM50 credit for pretty much anything including both online and offline purchases. Essentially, the usage is the same as the previous RM30 eTunai Rakyat program that ran earlier this year.
The ability to use the credit for online and in-app services has been confirmed by Boost, Grab and Touch ‘n Go eWallet. According to Grab, you can spend your RM50 eWallet credit on anything including online shopping and Grab services which include GrabCar, GrabMart and GrabFood deliveries.
Meanwhile, Touch ‘n Go eWallet has also confirmed that users can also utilise their credit for anything including online shopping, in-app payments such as parking and mobile reload, and even cover tolls that are charged via PayDirect or RFID.
According to Boost, the RM50 can be used for any transactions within the Boost ecosystem except for in-app donations. They confirmed that you can use it to pay at online and offline merchants, pay for utility bills, and buy prepaid top-ups within the app.
Things you should know
Essentially, the usage of the RM50 is similar to eTunai Rakyat. The only thing you can’t do is to withdraw or transfer the ePenjana credit to another account. The RM50 credit is meant to promote cashless transactions and to boost consumer spending. In addition to the RM50 credit, the eWallet providers will provide additional RM50 value in the form of cash backs, discounts and vouchers.
The ePenjana program is open to all Malaysians aged 18 years and above with an annual income of less than RM100,000.
What do you need to redeem?
To redeem, you must have one of the 3 supported eWallets (Boost, Grab, Touch ‘n Go eWallet) and the account must be verified with your IC. You can redeem starting 31st July 2020 from the eWallet and do ensure that you’ve updated the app to the latest version.
You are also required to install the MySejahtera contact tracing app (Android, Huawei, iOS) in order to quality for the redemption. The MySejahtera app must be updated with your personal details including your IC number.
Take note that that redemption of the RM50 will close on the 24th September and you must utilise your credits by 30th September 2020. Similar to eTunai Rakyat, any unused balance will be forfeited after the program ends.