17th April 2023 - 3 min read
Touch ‘n Go (TNG) eWallet said that its users can now make cashless payments at more than 130,000 participating merchants in Singapore, making it the Malaysian e-wallet with the widest cross-border payment coverage in the republic island. This comes following the launch of the cross-border QR code payment linkage between the two countries by Bank Negara Malaysia (BNM) and the Monetary Authority of Singapore (MAS) at the end of last month.
Malaysians have actually been able to make payments for selected products and services in Singapore via TNG eWallet much earlier – since 2022 – but this is only limited to Alipay+ merchants. With the cross-border linkage between DuitNow and NETS (Singapore’s version of DuitNow) now live, TNG eWallet users visiting Singapore will be able to conveniently make cashless payments at even more local hawkers, simply by scanning the NETS QR code via the NETS payment terminals or SGQR.
Of course, this also means that Singaporeans coming over to Malaysia will also be able to use their own e-wallets to scan and pay at more than 1.5 million DuitNow merchants in our country.
While making payments, TNG eWallet users will be able to see the live foreign exchange rates displayed in their app. TNG eWallet also assured that its users will be able to enjoy competitive rates when using its app to make cross-border payments.
Chief executive officer of TNG Digital, Alan Ni said that this new seamless and secure transaction feature has helped to expand TNG eWallet’s payment ecosystem. “As a company that emphasises addressing customers’ needs, we are excited that this feature broadens cashless payment acceptance for our users. Today, Malaysians travelling to Singapore can have peace of mind as they enjoy the convenience of making cashless payments, knowing the foreign exchange rate upfront, and tracking their expenses instantly,” he said.
Ni also highlighted that these same features are also extended to the TNG Visa prepaid card, which acts as a complementary payment channel to the TNG eWallet for merchants who only accept cards.
“We are also excited to welcome visitors from Singapore to Malaysia to enjoy the seamless convenience of using their respective e-wallets to make payments at more than 1.5 million merchant touchpoints nationwide by scanning the DuitNow QR code. This cross-border payment feature will not only help to support the tourism industry, but also increase economic activity among the small and medium-sized retail businesses supported by TNG eWallet,” said Ni.
Aside from Singapore, TNG eWallet users are also able to make cashless payments at various other countries, including China, South Korea, Germany, France, and the UK – but these are enabled by Chinese digital payment solutions provider, Alipay+. Unlike in Singapore, where you can just scan the NETS QR code (similar to how you’d scan our own DuitNow QR code), payments in these other countries will require you to pull up your Alipay+ QR code under the “Pay” function (tap on “Pay” on you TNG eWallet homescreen, then swipe up to select your preferred country), and present the QR code to be scanned by the merchant.
(Source: The Sun Daily)
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