During today’s Touch ‘n Go eWallet media event on new security measures, it was revealed that its long-awaited Visa prepaid card will be introduced before the year is out. The eWallet-linked Visa card is expected to be announced towards the second half of December 2022.
This would be a gamechanger for Touch ‘n Go as users can utilise their eWallet balance including Go+ at any merchant worldwide that accepts Visa card payments. The physical card will function like a regular Visa card which allows PIN and wave payments, as well as the ability to withdraw cash from Visa ATM. Touch ‘n Go has confirmed that the Visa card won’t double as a TNG card, so it can’t be used at TNG card terminals.
At the moment, Touch ‘n Go eWallet has a maximum wallet size of RM20,000, which is similar to BigPay. Customers are able to reload their eWallet using online banking, credit or debit card as well as DuitNow. Touch ‘n Go eWallet currently has 18.5 million users with a total of 13.6 million verified users with eKYC. They currently have over 700,000 online and offline merchants, as well as access to 1.2 million DuitNow QR payment points throughout the country. The eWallet also supports cross-border payments in 10 countries including mainland China via the AliPay+ network.
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