Prime Minister Tan Sri Muhyiddin Yassin has announced that the government will be giving a one-off allowance of RM50 to e-wallet users. The announcement was made during the reveal of the PENJANA short-term economic recovery plan.
The initiative, which will be open for applications in July 2020, is meant to encourage the Malaysians to adopt contactless payments as their preferred payment method. Additionally, the RM50 allowance will be matched by e-wallet service providers in the form of vouchers, cashback, and rebates. In other words, e-wallet users can actually reap a total of RM100 in benefits.
According to Tan Sri Muhyiddin, the government has allocated RM75 million for this initiative through the ePenjana programme, and it is expected to benefit as many as 15 million Malaysians.
This initiative is reminiscent of the E-Tunai Rakyat initiative, which saw the Pakatan Harapan government providing a one-off RM30 digital incentive to eligible Malaysians. Three of the country’s most prominent e-wallet providers – Boost, Touch ‘n Go eWallet, and GrabPay – were involved in the exercise.