Today marks the commencement of applications for the RM100 eMadani Credit across various platforms, accessible to individuals aged 21 and above with an annual income below RM100,000.
Photo via CarSifu
It's crucial to note that while the RM100 e-wallet credit might not suit everyone's needs, attempting to convert the credit into cash is not an option. The Ministry of Finance emphasized in a statement released today, December 4, that they will not be accountable for any losses resulting from peer-to-peer cash redemptions, aiming to protect credit recipients from potential scams.
The government is clear that misuse of the benefit will not be tolerated. Actions such as suspending accounts and revoking credit privileges will be taken against individuals found misusing the eMadani credit for peer-to-peer transfers or cash redemptions, as this contradicts the program's intended goals.
The eMadani initiative was introduced to promote the digital economy and encourage cashless transactions. The Ministry of Finance specified that the credit should be utilized for physical purchases through designated e-wallets like MAE, Setel, ShopeePay, Touch 'n Go eWallet, or via QR DuitNow.
SIARAN MEDIA BERKENAAN ELAK JADI MANGSA PENIPUAN 'SCAMMER' YANG MENAWARKAN PERKHIDMATAN 'CASH-OUT' BAGI KREDIT eMADANI
Posted by Kementerian Kewangan on Sunday, 3 December 2023
To avoid scams, individuals are cautioned against engaging with social media offers promising cash redemption services or unauthorized peer-to-peer eMadani credit transfers.
For those who have successfully redeemed the credit, enjoy your Christmas shopping, and remember not to attempt cash redemptions!