Touch n’ Go to introduce Go+, a new eWallet investment feature on 29 March

[ UPDATE 25/03/2021 17:30 ]: Go+ is now live on the Touch ‘n Go eWallet app. More details here.

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Touch ‘n Go (TNG) group is launching Go+ next week which is a new feature which enables Malaysians to earn daily returns and to grow their eWallet balances. This comes after TNG Digital Sdn Bhd was granted conditional approval by the Securities Commission of Malaysia (SC) to operate as a Recognised Market Operator (RMO).

According to the official invite, Go+ will provide access to basic low risk money market fund and it can help enable an easier and more convenient way for Malaysians to make more more cents through its balance. The returns can be spent anywhere and anytime as it linked to the existing TNG eWallet. More details are expected to be revealed during the launch which is scheduled to take place on Monday, 29th March 2021.

As reported earlier, Touch ‘n Go Group’s Group CEO Effendy Shahul Hamid said that the feature would be an industry’s first and the RMO status would enable them to provide a string of new digital offering including financially inclusive investment products within Q1 2021. He shared that TNG eWallet users can gain access to investment services from as low as RM10.

Touch ‘n Go is partnering with Principal Asset Management, a joint venture between Principal Financial Group and CIMB Group Holdings, for its upcoming investment products. The partnership combines platform development, technology and data expertise of Touch ‘n Go eWallet and Principal’s expertise in investment strategy and fund management. 

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Source: Principal

Principal Asset Management Berhad has announced last week that it will offer Principal e-Cash Fund via a strategic partnership with TNG Digital. According to the fund details, it requires an initial investment of RM10 and you can subsequently add from as little as RM10.

In case you missed it, TNG eWallet now supports DuitNow QR which allows users to pay at more merchants that display the pink QR code. On top of that, TNG has also introduced PayDirect for 6 car parks which allows you to pay via eWallet when you tap using your physical TNG card.

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Alexander Wong