Touch ‘n Go Group has announced that TNG Digital Sdn Bhd, which manages Touch ‘n Go eWallet, has been granted conditional approval by the Securities Commission of Malaysia to operate as a Recognised Market Operator. This enables Touch ‘n Go to offer money market unit trust funds through its eWallet platform without having to be directed to another 3rd party application.
Effendy said “We feel that this offering will add significant value to our large payments and transportation user base and continue our evolution into financial services. We aim to make this an extremely seamless and frictionless offer to Touch ‘n Go eWallet users. With the approvals behind us, we will now focus on ensuring the user-experience is best-in-class as we move towards a launch.