Redemption Of RM150 eBelia Credit To Begin On 1 June 2021

Alex Cheong Pui Yin

18th May 2021 - 3 min read

Malaysian youths and full-time students who are eligible for the eBelia programme will be able to claim their RM150 e-wallet credit from participating e-wallet service providers starting from 1 June 2021. The four e-wallet providers involved include Touch ‘n Go eWallet, Boost, ShopeePay, and BigPay.

According to a statement from the Ministry of Finance (MOF), the redemption of the eBelia e-wallet credit will take place between 1 June until 22 July 2021, and the credit must be utilised by 31 July 2021. Each eligible youth can redeem the RM150 credit once from any of the four listed e-wallet service providers, in addition to bonus incentives from the participating e-wallets, such as cashback, vouchers, reward points, or coins.

To qualify for the eBelia programme, you must meet either of the following criteria:

A Malaysian aged between 18 to 20 years old (born between 2001 to 2003)
A full-time student in a diploma or SKM4 course and above at a registered institution of higher learning

“Eligible recipients are encouraged to update their e-wallet accounts or download the e-wallet apps before 1 June. Eligible youths’ data will be cross-checked with registered institutions of higher learning and other relevant government databases,” MOF further stated, adding that the government has allocated a total of RM300 million for the eBelia programme to benefit 2 million Malaysian youths.

Meanwhile, the participating e-wallet service providers themselves have reached out to encourage eligible eBelia recipients to activate their e-wallets ahead of time, in preparation for actual redemption period.

Shopee, for instance, urged its users to activate and verify their ShopeePay e-wallet, adding that they can also get an extra RM5 when they activate their ShopeePay Premium as well. Similarly, Touch ‘n Go eWallet and Boost also require eligible recipients to verify their accounts with their MyKad and selfie (eKYC verification). As for BigPay users, they will need to wait until 1 June 2021 to apply for the eBelia programme via the app or website.

All participating e-wallet service providers further said that they will release more information regarding their bonus incentives closer to the actual date of redemption.

The eBelia programme was first announced during the tabling of Budget 2021, and is intended to encourage the use of cashless and contactless payments among youths. Originally, eligible recipients were entitled to a one-off RM50 e-wallet credit. The amount was subsequently increased to RM100 during the winding up of the national budget, and then further upped to RM150 via the PEMERKASA stimulus package in March 2021.

(Source: Ministry of Finance)

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Alex Cheong Pui Yin

Previously covered recruitment-related stories and had a short stint as a copywriter for the property industry. She subsequently developed an interest in investment and robo-advisors.

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