Under Malaysia’s Budget 2021, the government is allocating RM75 million for the eBelia program to promote a cashless society. The program will provide a one-off RM50 eWallet credit for eligible youths.
According to Finance Minister Tengku Zafrul, the eBelia program will benefit 1.5 million Malaysians. Unlike the previous eTunai Rakyat and ePenjana program, this RM50 eWallet credit is only given to youths aged 18 to 20 years old.
There are no further details of the eWallet credit disbursement. In the previous eWallet incentive programs, the Ministry of Finance allow eligible users to redeem their free credit via Boost, Grab and Touch ‘n Go eWallet. On top of that, each eWallet provider also offers additional value through cashbacks, coupon and other promotions.
For more Budget 2021 stories, click here.