Categories: Digital LifeNews

eBelia eWallet credit doubled to RM100 but 400,000 fewer people can redeem

Finance Minister Tengku Zafrul Aziz has also revealed today that the eBelia eWallet credit initiative has been doubled from RM50 to RM100. In addition, they have also announced a revision that will increase the age limit of youths eligible for the program.

According to Tengku Zafrul, his Ministry has considered the feedback received from various members of Parliament and have made the necessary changes to assist more students in institutions of higher learning.

Eligible youths will receive RM100 instead of the earlier announced RM50 eWallet credit. On top of that, the program will benefit 1.1 million students including those who are more than 20 years old and studying in private institutions (IPTA and IPTS).

He added that there are also requests to increase the allocation to assist more youths affected by the pandemic in Sabah. Therefore, the Ministry of Finance will allocate an additional RM50 million of funding for Sabah in December 2020.

Initial eBelia program announcement on 6 November 2020

The Ministry of Finance has yet to provide further details on the actual disbursement and supported eWallets. It is worth pointing out that eBelia was initially announced with a budget of RM75 million which will benefit 1.5 million youths aged between 18 to 20 years old.

The number of beneficiaries have been scaled down by 400,000 despite the increase in age limit to cover all students in institutions of higher learning. With the latest revision, MoF will have to fork out RM110 million in total which is an increase of 46.67%.

Related reading

Recent Posts

Proton confirms second e.MAS EV to launch this year, “inclusive” of battery

Proton will launch a new e.MAS electric vehicle model this year. This was confirmed by…

12 hours ago

Flip or Fold? The Huawei Pura X is a wide flip phone with 16:10 screen and quad-camera setup

Huawei, known for making various foldable devices like the tri-fold Mate XT, has just launched…

15 hours ago

ShopeePay revamps standalone app. Zero fee for credit card reload, 0% SPayLater for in-store payments

ShopeePay has revamped its standalone app which is said to be lighter, faster and simpler…

19 hours ago

Google Pixel 9a goes official: Coming to Malaysia this April, starts at RM2,699

After months of anticipation, Google has finally taken the drape off the Pixel 9a. The…

1 day ago

Pebble smartwatches are back: Core 2 Duo & Core Time 2 announced, shipping to Malaysia? Here’s all you need to know

Just less than two months ago, Eric Migicovsky announced his plans to bring Pebble smartwatches…

2 days ago

What Sets the vivo V50 Apart? A Detailed Look at its Standout Features

This post is brought to you by vivo. The smartphone market is constantly evolving, and…

2 days ago