29 Oct - 2 min read
Effective immediately, Lazada now accepts payments made using Touch ‘n Go eWallet. The e-commerce giant is the first online retail partner that accepts TNG eWallet.
First spotted as a payment option last Friday, both Lazada and TNG eWallet have officially confirmed this via an official statement today. While other e-commerce platforms have supported e-wallets including GrabPay and Boost, the two major online shopping sites in Malaysia, Lazada and Shopee, have zero support for e-wallet payments besides their own solutions (Lazada Wallet and ShopeePay respectively).
It probably shouldn’t be too much of a surprise, of course: Chinese conglomerate Alibaba has a 83% controlling stake in Lazada, while TNG Digital is a joint venture between Touch ‘n Go Sdn Bhd and Ant Financial Group, which Alibaba owns.
It is surprisingly seamless how to pay using TNG eWallet on Lazada. Just like other sites that have integrated e-wallet payments, paying for items via mobile apps is a simple affair – when users select to pay using TNG eWallet, users will be redirected to a payment gateway that requires verification to TNG eWallet via the user’s phone number and a six-digit one-time password. If the user’s TNG eWallet has enough funds, the payment will be confirmed.
Meanwhile, for desktop payments, users who pay using TNG eWallet will be redirected to a page after checkout which will contain a QR code to scan using the TNG eWallet app.
The announcement comes just in time for the year’s biggest online shopping day, 11 November, where all e-commerce sites in Malaysia are already gearing up for. HSBC cardholders stand to gain the most from this announcement, as the bank is offering a sweet 20% cashback deal for topping up the TNG eWallet using HSBC cards.