The Ministry of Finance has announced that the RM50 digital incentive under the ePenjana short-term economic recovery plan can be claimed starting tomorrow, 31 July. The ministry also announced that they can be claimed from the three official e-wallet partners: Boost, Grab, and Touch ‘n Go eWallet – which will all be offering additional incentives matching the RM50 e-wallet credit.
The digital incentive is meant to encourage Malaysians to adopt contactless payments as their preferred payment method as the economy recovers from the various movement control orders, while at the same time reduce the risk of spreading viruses via physical paper notes.
Malaysians who wish to get the RM50 e-wallet credit can apply from any one of the three official e-wallet partners from 31 July until 24 September 2020. The RM50 credit can be used anytime after that, but unused credit will expire on 30 September 2020.
Note the three eligibility criteria to be able to apply for the RM50 credit:
- Malaysians aged 18 and above
- Malaysians earning less than RM100,000 a year
- Malaysians who have downloaded and registered on the MySejahtera app
In addition to the RM50 credit, each e-wallet partner will also be offering matching benefits worth RM50. Depending on the e-wallet partner, this will come in the form of vouchers, cashback, and/or rewards points.
Currently, none of the three e-wallet companies have revealed the specifics of the matching benefits, but we are told that they will announce them tomorrow when applications are open.