Friday, 17 Jan 2020 12:15 PM MYTFinance Minister Lim Guan Eng speaks during a press conference in Putrajaya January 17, 2020. — Picture by Choo Choy May
The minister pointed out that such information was already available to the government via Malaysians’ records with the National Registration Department. The minister was also asked if the selection of three vendors by E-Tunai’s facilitator and government sovereign wealth fund Khazanah Nasional Berhad to support the initiative would eventually result in an oligopoly of sorts.
“In order for this to succeed, there must be a sufficient number of merchants and subscribers. On our part, the ministry only makes policy announcements and leaves it to Khazanah to implement the details,” he said.The government is spending RM450 million to provide RM30 in eWallet funds to all Malaysians earning below RM100,000 annually.
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