Photo: The Star Online
Free cash is always nice, and we can say the same for e-cash!
Boost, Touch n Go and Grab have been chosen as the disbursement channel for the Government’s e-Tunai Rakyat initiative. This move, scheduled for 15 January 2020, will contribute towards the national push for digital payments and the formation of a cashless society in Malaysia.
The three service providers were chosen based on their huge number of active users and extensive network of merchants, on top of their financial and manpower capabilities to build necessary systems and procedures.
Running until 14 March 2020, eligible Malaysians aged above 18 years old with an annual income below RM 100,000 will receive the one-time RM 30 stimulus.
Photo: The Rohani
15 million Malaysians are expected to benefit from the RM450 million initiative.
"As announced by the Finance Ministry, the e-Tunai Rakyat initiative aims to accelerate the use and adoption of e-wallets and digital payments among Malaysian consumers and merchants, especially small enterprises and retail businesses.
“The participating e-wallet service providers will provide more details on how eligible Malaysians can claim and use the RM30 e-credit,” said Khazanah National Berhad.
By: Celestine Foo
