Finance Minister: RM50 ePenjana Credit To Be Paid By End Of July

finance minister tengku datuk seri zafrul aziz
(Image: The Sun Daily)
finance minister tengku datuk seri zafrul aziz
(Image: The Sun Daily)

Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz has revealed that Malaysians who are eligible for the RM50 ePenjana credit will receive the e-wallet credit by the end of July.

Tengku Datuk Seri Zafrul also said that the government will release more details about the programme soon, including the procedures that will be implemented to provide the e-credit to the people.

To recap, the RM50 ePenjana credit is an initiative announced under the PENJANA economic recovery plan, where eligible e-wallet users will receive a one-off allowance of RM50 from the government. Originally slated to take place from July to September 2020, it aims to encourage Malaysians to adopt contactless payments as their preferred payment method, as well as to boost consumer spending. With a total allocation of RM750 million, this initiative is expected to benefit about 15 million Malaysians.

To be eligible for this initiative, you need to be 18 years of age and above, and earning less than RM100,000 annually. Senior minister Datuk Seri Ismail Sabri Yaakob had also previously revealed that you must download the MySejahtera app to qualify for the RM50 e-wallet credit. Note, too, that the RM50 ePenjana credit can only be used for offline or physical purchases.

Aside from the ePenjana credit, Malaysians can also anticipate an additional RM50 worth of vouchers, cashbacks, and rebates from e-wallet service providers as it was previously announced that they will match the government’s RM50 allowance. This means that you can actually reap a total of RM100 in benefits.

The RM50 ePenjana credit initiative is similar to the previous E-Tunai Rakyat initiative, which saw the Pakatan Harapan government giving out a one-off RM30 digital incentive to eligible Malaysians. Boost, Touch ‘n Go eWallet, and GrabPay were involved in the exercise.

(Source: Berita Harian)

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