8th June 2021 - 2 min read
Touch ‘n Go (TNG) announced that its recently-launched investment feature, TNG GO+, has achieved an important milestone by surpassing the one million users mark. This was done in a span of just over two months as TNG+ was first introduced on 29 March.
“We are pleased that we’ve been able to get to this milestone in just over two months, and well ahead of our internal estimates,” said TNG Group CEO Effendy Shahul Hamid. “We will now build on this success and add more varied products in this category. We will also be making improvements to GO+ on the back of some very encouraging customer driven feedback and data on user experience.”
According to Effendy, many users found the fungibility function between the GO+ balance and the TNG eWallet use cases very attractive, which led to more sign ups. “Another data point we were also encouraged by is the reach of this proposition and its agendas around inclusion. 73% of GO+users are from outside the Klang Valley, and that number continues to grow,” said Effendy.
Under the GO+ feature, TNG also introduced the Kawan+ campaign, which will run until 10 August 2021. The campaign allows referrers to earn a 1%p.a. bonus rate for every GO+ referral they successfully make, with no limit on the number of friends they can invite (although the bonus rate is limited to a maximum balance of RM3,000). Effendy shared that the top three referrers on Kawan+ to date have introduced 154, 133, and 74 referees respectively.
GO+ is TNG’s first step into the area of digital financial services, allowing TNG eWallet users to gain access to low-risk money market investments for as low as RM10. TNG eWallet is also the first e-wallet provider to obtain approval to operate as a recognised market operator by the Securities Commission of Malaysia.
(Source: The Sun Daily)
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