Tag: TNG Digital

Kuala Lumpur, Malaysia – TNG Digital, owner and operator of Touch ‘n Go eWallet, has raised RM750m from its latest equity funding, which will be used to expand its digital financial services.

The equity funding was made through an investment by the Lazada Group, as well as from its parent company Touch ‘n Go Group. This new investment solidifies the collaboration between key segment leaders, one in e-commerce and one in digital financial services and payments.

Effendy Shahul Hamid, group chief executive officer at Touch ‘n Go Group, said, “I’m extremely pleased to welcome Lazada to the Touch ‘n Go eWallet family. We feel this collaboration will bring next-level value propositions to users and merchant bases across the Lazada and Touch ‘n Go ecosystem. I look forward to seeing the teams roll out these exciting collaboration opportunities to our users.”

Meanwhile, Alan Chan, chief executive officer at Lazada Malaysia, commented, “We see digital payment services as a critical bolt-on to bring the best customer experience on Lazada. Lazada is fully committed to providing a seamless customer journey, as well as being a catalyst to stimulate capacity building among our sellers, primarily local SMEs and MSMEs.” 

He added, “Our long-standing partnership with Touch ‘n Go eWallet has served our customers well, allowing buyers to check out easily and quickly. Today’s announcement fortifies that partnership and we are excited by the prospects it presents for both our companies.”

Subang Jaya, Malaysia – Malaysia’s mobile service provider Digi Business has partnered with e-wallet platform Touch ‘n Go (TNG) Digital to help micro, small, and medium enterprises (MSMEs) digitalize and grow their business, equipping them with complete digital solutions, and e-wallet facilities.

The partnership seeks to address common digitalization challenges of MSMEs, providing them with the benefits of a Digi Business customer and TNG Digital merchant.

Digi Business customers who choose to onboard their business with TNG eWallet will be featured on TNG’s digital marketing channels, boosting the visibility of their business and reaching out to over 15 million Touch ‘n Go eWallet users nationwide. 

Those who will successfully sign up as a TNG merchant and take up Digi’s Penjana product will also receive an RM50 Touch ‘n Go eWallet reload PIN from Digi Business, as well as a free business starter kit from TNG Digital to kick-start and progress them along in their digitalization journey.

Meanwhile, for Touch ‘n Go eWallet merchants who choose to take up Digi Business’ all-in-one business plans, they can avail up to 30% discount off their bills and claim up to RM6,000 through the Penjana SME Digitalization Grant. Digi Business will also carry out the application process for them from beginning to end to help them focus on the operations of the business.

The customers will only need to mix and match three to five lines from Digi Business’ Postpaid, Fibre or WiFi plans to unlock the savings and get either the Digital Marketing (inclusive of AVANA Social Commerce and dSMS) or Digital Productivity Bundle (inclusive of virtual office hotline Omni and HR management system altHR) for free to be eligible for the Penjana grant.

Digi’s Chief Business Officer, Eugene Teh, commented that a robust digital ecosystem for SMEs includes having access to a fast and secure network connectivity, relevant and best-in-value digital solutions and tools, and a convenient e-wallet platform to facilitate online retail transactions.

“Through this partnership, both Digi Business and TNG Digital will be able to leverage each other’s expertise to provide well-rounded packages for the benefit of MSMEs. This further strengthens Digi Business’ commitment to being a trusted digital partner to MSMEs,” added Teh.

Meanwhile, Ignatius Ong, chief executive officer of TNG Digital, said, “We are honored to team up with Digi Business to initiate solutions for the businesses to grow and expand, leveraging on our over 15 million user base. The Touch ‘n Go eWallet is a brand many Malaysians have ingrained into their daily lives. We will ensure we continuously develop as the rakyat moves into the next era of digitalization – assisting MSMEs to grow, and making it our key focus to elevate the economy by enabling simple and impactful solutions.”