Touch ‘n Go (TNG) eWallet users will soon be able to participate in the stock market directly through its mobile app. This is being made possible through a new collaboration between TNG Digital (TNGD), Bursa Malaysia, and Affin Hwang Investment Bank (AHIBB).
As you may expect, this will be offered through the app’s GoInvest feature with AHIBB being the broker partner. TNG eWallet is currently able to utilise GoInvest to invest in Amanah Saham Nasional Berhad’s unit trusts in addition to several global and regional unit trust funds under Principal Malaysia.
While the exact offerings that will be available through the feature have not yet been detailed, the parties involved did say that it will involve a “wide array of investment products listed on Bursa Malaysia,”. Naturally, TNG eWallet users will also be able to monitor their portfolios directly in the app.
For the benefit of the younger audience as well as those who are new to investing, they can gain knowledge through educational content directly through the GoInvest feature. To be curated by Bursa Malaysia, the aim of these contents is not only to provide them with the fundamentals of trading and the bourse but also to instil confidence in stock market trading.
It is certainly yet another huge undertaking by TNG eWallet although it is going to take a little bit more time before you can start trading via the app. According to the CEO of Bursa Malaysia, Muhamad Umar Swift, the new feature is expected to be available sometime in the first quarter of 2024.
